Florida

Historic data suggests that first time home buyers may want to wait out current market conditions, a new report states.

The ruling confirms that a state precedent regarding forward mortgages also applies to home equity conversion loans.

The scheme's victims included an elderly woman and a local title agency that lost $230,000 in the fraudulent property transfer.

The median sales price of single-family homes in Miami-Dade surged to an all-time high of $450,000 in November, the third consecutive month of setting a new record and continuing a nine-year streak of monthly increases.

Tampa Bay's real estate market continued to charge forward in October, marking the fifth straight month of mostly robust numbers since the onset of the pandemic slowed down sales this spring.

Despite a tightening stock of homes on the market, home sales surged 38% last month in the Sarasota-Manatee, Fla., region.

The third quarter’s higher share of purchase applications, which followed the refinance wave that crested in the second, caused a rise in mortgage application fraud risk, according to CoreLogic.

For the second month in a row, South Florida residential sales are beating out 2019. They're also driving up prices, bringing the median price for a single-family home in Miami-Dade and Broward counties to $425,000 — the highest ever.

The agreement with Florida ends the saga that began in April 2017, when several states sued the company. However, the CFPB's case filed at the same time remains active.

The red-hot market for existing single-family homes in the Bradenton, Fla., area got even hotter in August with median prices jumping by 13.6%, compared to the same month a year ago, to a record $360,000.