Real Estate

June 18, 2013
Homebuilders face obstacles despite bright spots

A limited supply of new and existing homes for sale have caused a jump in homebuilders' average selling prices, but...

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The Standard & Poor’s baseline economic forecast expects an increase in total housing starts of about 28% this year, to 1 million units. In 2014, another 29% increase is anticipated, with starts reaching 1.3 million units.

Overall, S&P believes the current pace of home price gains will not last for long; however, it’s too soon to call this a bubble. In fact, with home values still below their pre-recession peaks, it's expected home prices will continue to rise through the rest of 2013.

ReWired

When Florida’s Governor Rick Scott signed House Bill 87 – the so-called foreclosure Rocket Docket bill – he had no idea he was opening another can of worms and potentially giving foreclosure defense attorneys more tools in their arsenal to delay foreclosures for homeowners. 

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