Florida

Not every housing market is dealing with an inventory shortage, as over one-third of respondents said there was excess supply in their local area, according to a First American Financial survey.

Central Florida’s recovery process began this week with elected property appraisers in Orange, Seminole, Lake and Osceola counties beginning to tally damage estimates that help determine federal aid efforts.

There will be fewer mortgage loans going into default in the next year as home prices continue to rise and more people get jobs, CoreLogic said.

The first day of the week offered Miami and all of Florida relief after facing what could have been a cataclysm.

Hurricane Irma spilled storm waters into some of South Florida’s most valuable coastal real estate Sunday, flooding portions of Old Town in Key West, Miami’s financial district in Brickell, Miami Beach and Fort Lauderdale’s Las Olas Boulevard.

No matter which path Hurricane Irma takes when it strikes Florida, analysts say the damage could be monumental — and reach hundreds of billions of dollars.

The hurricane was expected by many to deliver catastrophe. Instead, bankers are largely looking to restore power and confirm the status of employees.

Hurricane Irma could potentially affect more private-label mortgage securities collateral than any other recent storm.

The median down payment for a home purchased in the second quarter was 7.3%, the most in nearly three years, a result of increased competition, according to Attom Data Solutions.

Mortgage companies in Florida are bracing themselves for the potential landfall of Hurricane Irma, which has followed close on the heels of Hurricane Harvey.

The Legal Aid Society of Palm Beach County, Fla., and two homeless assistance agencies are the surprise beneficiaries of a successful lawsuit against a notorious South Florida foreclosure attorney, who was later disbarred.

Sales of existing luxury condos (priced over $1 million) in Miami-Dade jumped 51.1% year-over-year in July.

A Collier County, Fla., man was arrested last week after he forged signatures to obtain mortgage loans totaling $180,000, state investigators said.

Reporting requirements for title insurers and agents have been expanded to cover more types of high-end real estate transactions, the Financial Crimes Enforcement Network said.

Cash deals are by no means dead, but they aren't dominating the South Florida housing market the way they once did.

Two Tampa Bay, Fla., homeowners are suing JPMorgan Chase Bank for attempting to continue to collect on what they say were already-paid-off mortgages.

Home prices and sales in the core Orlando market were down in July from the month before during what is usually the peak summer buying season.

Real estate in Miami-Dade continues to boom, with the total sales volume in the second quarter of 2017 reaching $3.3 billion — a 3.1% jump from $3.2 billion mark a year ago.

Over the past 20 years, 395 code violation cases with $4.46 million in unpaid fines have piled up at City Hall.

Old pastures, tired citrus groves and vacant land are quickly transforming into metro Orlando neighborhoods, with about 4,000 new houses underway during the most recent quarter, a new study shows.