Condo crunch in S. Florida good news for bargain hunters Real estate bust is big boon for foreign buyers
The glut of condominiums for sale in South Florida is attracting a legion of bargain hunters.

 Uptick in building downplayed Volatile apartment sector leads robust new-home data
Construction of new homes posted the biggest increase in more than two years in April.

 Fannie Mae's strategy draws criticism Less stringent requirements may raise risk
By relaxing down-payment requirements for borrowers in markets where home prices are falling, Fannie Mae aims to both resuscitate the flagging housing market and respond to pressure from industry groups, consumer advocates and lawmakers.

 Median home prices fall in Broward, Palm Beach counties Median prices of existing homes fell in Palm Beach and Broward counties during the first quarter compared to a year ago, the Florida Association of Realtors said Tuesday.

 Rates on 30-year mortgages edge down slightly Rates on 30-year mortgages edged down slightly this week, but remained above 6 percent for the third straight week.


(Found on Sun-Sentinel.com) |