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Metro Orlando's housing market outperformed Florida's in January for both price increases and sales volume, a new report shows. Buyers who purchased a house in Orange, Seminole, Osceola or Lake counties during January paid a midpoint price of $202,000, which was about $3,000 higher than the median price across the state. A tight job market and slim inventories in high-demand spots helped drive Orlando-area pricing up more that 14 percent in January from a year earlier, according to a report released Tuesday by Fl... read more
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Fannie, Freddie and FHA Shrinking REO Inventories

Another Indicator of Improving Market!
Posted by David Lopez, CBR on May 14, 2013 in  2013  Bank Owned  Fannie Mae  Foreclosure  Home Sales  Inman News  Market Trends  Real Estate
Fannie, Freddie and FHA shrinking REO inventories May 13, 2013   Fannie Mae, Freddie Mac and FHA had 189,529 homes in their real estate owned (REO) inventories at the end of March — a 9 percent drop from a year ago and a decline of nearly 36 percent from the 2010 peak,  financial blogger Bill McBride reports. Other institutions — portfolio lenders and loan servicers who collect payments on “private-label” mortgage-backed securities (MBS) — also have stockpiles of REOs, but those inventories ... read more
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Calculated Risk: Housing Inventory Won't Bottom Until 2014

Finance Blogger Bill McBride Sees Near-Term Price Increases Exceeding Expectations
Posted by David Lopez, CBR on April 10, 2013 in  2013  Home Sales  Inman News  Listing Inventory  Market Trends  Real Estate
By Paul Hagey, Tuesday, April 9, 2013. Inman News®   Home values image via Shutterstock.   Former tech executive turned blogger Bill McBride was one of the first to suggest that homes were precariously overvalued back in 2005. When he spots a trend, people have learned to listen.   McBride -- who gets up early every day to post his analyses of news on the finance and economics blog he founded in 2005, Calculated Risk -- thinks housing inventory won't bottom until 2014.   ... read more
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Hispanic Buyers Could Kick Recovery Into High Gear

Trade Group: Government Policies Favor Investors, Hold Back Latino Homeownership
Posted by David Lopez, CBR on March 27, 2013 in  2013  Hispanics  Inman News  Market Trends  NAHREP  Real Estate
  By Inman News, Tuesday, March 26, 2013.       Hispanics accounted for more than half of new owner-occupied households last year and have the purchasing power "to push the U.S. housing recovery into high gear," according to an annual report from the National Association of Hispanic Real Estate Professionals (NAHREP) released today.   In its 2012 State of Hispanic Homeownership report, the trade group said Hispanics have posted gains in jobs, income, education, and... read more
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Home Prices Make Largest Year-Over-Year Jump In 6 Years

Case-Shiller: 19 of 20 Metros Show Price Acceleration
Posted by David Lopez, CBR on March 27, 2013 in  2013  Economics  Home Prices  Inman News  Market Trends  Real Estate  Trends
  By Inman News, Tuesday, March 26, 2013.     Editor's note: This story has been updated.   The S&P/Case-Shiller 20-City Composite index posted its largest year-over-year gain in January since the summer of 2006.   The index, which tracks single-family home prices in 20 large U.S. metros, was up 8.1 percent in January from a year ago with all 20 areas including New York, which hadn't seen year-over-year positive light in 28 months, registering gains.   ... read more
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