National Association of Realtors News

New owner-occupancy rules offer relief to the FHA-approved condo market. Recently, the Department of Housing and Urban Development (HUD) issued a mortgagee letter with changes to the FHA (Federal Housing Administration) owner-occupancy requirement for condominiums in accordance with the requirements of H.R. 3700, better known as the Housing Opportunity Through ... Read More...

Advice for Agents: Effective Sales Scripts

Skillful communication is one of the most important factors for succeeding in real estate. A recent article in RIS Media Real Estate magazine suggested several scripts that are well thought-out and ready for effective delivery. These scripts were used by successful agents attending a recent webinar. Answer questions… with questions. Respond ... Read More...

How Will Trump Presidency Impact the Condo Market?

A number of real estate professionals were asked how they thought Donald Trump’s presidency would impact the South Florida real estate market. As reported in a recent article in the Miami Herald, their reactions varied widely but most remained optimistic. George Perez, CEO, Related Group, and one of the country’s biggest ... Read More...

Different Signals for Residential Development

Outlook for the future of the condo market throughout the country is showing mixed signals based on residential development pipelines. Beginning with South Florida, developer Alan Faena has halted work on his dual tower Versailles project and is considering putting a hotel on the site instead. With Faena Hotel Miami Beach ... Read More...

CondoWatch Miami: November Sales Start

November got off to a strong start in the Miami-Dade condo market. Last week, a total of 154 units closed for a total sales volume of $47.629 million. The average condo sale price was $309,282.25, or an average $253.25 per square foot. Miami was the top city with 70 condos sold ... Read More...