U.S. home prices jumped 12.2 percent in May compared with a year ago, the biggest annual gain since March 2006. The increase shows the housing recovery is strengthening. The Standard & Poor’s/Case-Shiller 20-city home price index released Tuesday also surged 2.4 percent in May from April. The m
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07/31/2013
The Federal Housing Finance Agency released its House Price Index Tuesday showing the rebound continues across the U.S. The index for May advanced 0.7 percent after gaining 0.5 percent in April. The level was slightly below the consensus forecast of a 0.8 percent increase in prices. The May rise
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07/24/2013
Home sellers in Broward County are happy campers: Sales are up and so are prices from last summer, housing numbers show. In June, sales of single-family homes increased 3.4 percent to 1,356 from 1,311 the year before, the Miami Herald reported, citing figures from the Greater Fort Lauderdale Real
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07/23/2013
Demographers expect Florida’s population to continue growing steadily over the next eight years. A population-estimating committee says the state is on track to soon be the country’s third-most populous. State demographers are now even more confident Florida’s population will soon trail only Ca
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07/12/2013
The average U.S. rate on the 30-year fixed mortgage rose this week to 4.51 percent, a two-year high. Rates have been rising on expectations that the Federal Reserve will slow its bond purchases this year.Mortgage buyer Freddie Mac said Thursday that the average on the 30-year loan jumped from 4.2
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07/12/2013
Sales of new homes rose in May to the fastest pace in five years, a solid gain that added to signs of a steadily improving housing market.New home sales rose 2.1 percent last month compared with April to a seasonally adjusted annual rate of 476,000, the highest level since July 2008, the Commerce
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07/09/2013
Home prices in greater South Florida, including distressed sales, grew by more than 12 percent in May on a year-over-year basis. CoreLogic is reporting that in the greater Miami area, home prices grew 14.4 percent in May of this year compared to the same time last year. On a month-over-month basi
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07/02/2013