Boca Raton
Real Estate News

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Hurricane Irma Property Damage, Loss Estimates as High as $65 Billion

Preliminary property loss estimates in Florida from Hurricane Irma, total insured and uninsured loss for both residential and commercial properties, including damage from both flood and wind, is estimated to be between $42.5 billion and $65 billion. Read More »


3.5 Million Florida Properties at Risk of Hurricane Irma Storm Surge Damage

3.5 Million Florida Properties at Risk of Hurricane Irma Storm Surge Damage

According to Irvine, Ca-based CoreLogic, an estimated 8,456,455 residential and commercial properties in Florida are at either "Extreme," "Very High" or "High" risk of wind damage from Hurricane Irma. Read More »

2 Million U.S. Coastal Homes at Storm Surge Risk from Hurricane Matthew

2 Million U.S. Coastal Homes at Storm Surge Risk from Hurricane Matthew

The potential exposure to residential property damage from hurricane-driven storm surge flooding is very significant as Hurricane Matthew makes its way toward the U.S. Atlantic Coast today. Read More »

U.S. Hotel Industry Stock Index Upticks in August

U.S. Hotel Industry Stock Index Upticks in August

STR is reporting this week that their Baird/STR Hotel Stock Index increased 0.9% in August to close the month at 3,349. Year to date, the index is up 8.2%. The Hotel Brand sub-index reported a 1.5% increase to 4,366 in August. Read More »


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Global Property Spotlight

Central Florida Executive Resort-Style Residence Available

Central Florida Executive Resort-Style Residence Available

Expertly designed from the inside-out with a brilliant use of space and attention to detail in that each room shares many common features. Read More »

Last Updated September 20, 2017 7:57 AM ET

Boca Raton Property News

According to the National Association of Realtors, U.S. pending home sales expanded in most of the country in July 2016, and reached their second highest reading in over a decade. Only the Midwest saw a dip in contract activity last month.

Sales of newly built, single-family homes in the U.S. rose 3.5 percent in June 2016 from an upwardly revised May 2016 reading to a seasonally adjusted annual rate of 592,000 units.

The American Institute of Architects is reporting this week that buoyed by increasing levels of demand across all project types, the Architecture Billings Index (ABI) was positive in June 2016 for the fifth consecutive month.

Based on Freddie Mac's latest Primary Mortgage Market Survey, average fixed mortgage rates in the U.S. dropped to new 2016 lows in the wake of the Brexit vote.

According to the Mortgage Bankers Association's Weekly Mortgage Applications Survey for the week ending June 24, 2016, U.S. mortgage applications decreased 2.6 percent from one week earlier.

According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, sales of newly built, single-family homes in the U.S. dropped 6 percent in May 2016 from a downwardly revised April 2016 reading to a seasonally adjusted annual rate of 551,000 units.

268,000 U.S. homeowners regained positive equity in Q1 2016, bringing the total number of mortgaged residential properties with equity at the end of Q1 2016 to approximately 46.7 million.

According to Irvine, Ca-based RealtyTrac's First Quarter 2016 U.S. Foreclosure Market Report, foreclosure activity in the U.S. was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas (36 percent).

Cash sales accounted for 33.4 percent of total home sales in December 2015 and 33.9 percent of total home sales for the full year 2015

Foreign real estate buyers continue to strengthen the Miami and South Florida real estate market, accounting for 36 percent or $6.1 billion of total sales volume.

Technology firms and start-ups aren't just exploring new U.S. markets, and they're starting to plant roots.

Irvine, Ca based CoreLogic is reporting cash sales in the U.S. accounted for 31.7 percent of total home sales in August 2015, down from 34.9 percent in August 2014.

CoreLogic is reporting that cash sales in the U.S. made up 30.8 percent of total home sales in July 2015, down from 34.2 percent in July 2014.

CoreLogic is reporting this week that cash sales made up 31.3 percent of total home sales in June 2015, down from 33.9 percent in June 2014.

U.S. foreclosure inventory declined by 27.9 percent and completed foreclosures declined by 24.4 percent since July 2014.

254,000 U.S. properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015.

According to a new report by Seattle-based Redfin, luxury home price growth in the U.S. slowed significantly in the fourth quarter of 2014. "Locals haven't been part of the party"

According to CoreLogic, cash sales made up 35.5 percent of total home sales in October 2014, down from 38.7 percent in October 2013.


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