Juicy Estates: Mortgage Blog

Archive for March, 2010

Miami Mortgage Market Guide ~ March 29, 2010

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Coral Gables Tops Forbes Luxury Home Index

The Forbes Luxury Housing Index offers a more granular look at high-end markets by tracking the weekly median home sale prices of the 500 most expensive ZIP codes in the country, using real estate statistics provided by Altos Research, a Mountain View, Calif.-based real estate derivatives research group.

With a 158% increase in the median home sales price over February 2009 median prices Coral Gables tops the list of the 500 most expensive neighborhoods from around the country.   While this data may be questionable it’s nice to see a South Florida neighborhood painted in good light.

Miami Mortgage Market Guide ~ March 22, 2010

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The Big Short ~ Get Rich By Betting Against the House

While a bit long this Vanity Fair article is worth the read if you have any interest in financial markets, what happened in the sub-prime mortgage market and who got rich.

The Big Short: Inside the Doomsday Machine

Got Flood Insurance?

The National Flood Insurance Program (NFIP) has temporarily been stopped and no new policies can currently be issued.

WASHINGTON — Kentucky Republican Sen. Jim Bunning’s one-man anti-spending filibuster, which has brought extended unemployment benefits and transportation funding to a screeching halt, has also stopped the National Flood Insurance Program from writing or renewing policies or paying claims.

“Authorization for the National Flood Insurance Program expired February 28, 2010,” said Brad Carroll, press secretary for FEMA, which includes the flood insurance program”.

full story….

I imagine this will be cleared up quickly but it is unfortunate that politicians rarely consider the collateral damage that their actions can have.

Miami Mortgage Market Guide ~ March 1, 2010

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