Potential buyers returned to the U.S. housing market last week, mortgage applications climbed , where rates resumed their climb, showed data from an industry group reported Wednesday.
The Mortgage Bankers Association (MBA , for its acronym in English ) said its seasonally adjusted index of mortgage application activity , which includes both refinancing and demand for loans to buy homes rose 0.2 percent in the week ended August 2.
The measurement of loan applications for home purchases , an important indicator of home sales , rose 0.7 percent after falling in four of the last five weeks.
Appetite for mortgages has fallen over the summer , affected by an increase in interest rates due to the Federal Reserve plan to start slow their economic stimulus later this year if the economy moves as expected.
The Fed is currently buying 85,000 million in bonds per month to keep interest rates low .
Cheap mortgage rates have helped boost home purchases and concerns that higher costs may subtract some strength of the housing market recovery have emerged.
The 30-year fixed mortgage rates rose again last week averaging 4.61 percent , 3 basis points higher than the previous week. Rates have risen by more than a percentage point since early May , but still remain low by historical standards.
Increased rates hit demand for refinancing. The refinance index fell 0.1 percent to 2,244.7 and the total share of the total mortgage refinancing activity remained unchanged at 63 percent.
The survey covers over 75 percent of retail residential mortgage applications , according to MBA.
Lunes, Marso 31, 2014
Sabado, Marso 29, 2014
In 2014 the new skyscraper will open contemporary modern architecture
The U.S. government after the attacks of September 11 was devoted to recovering the Big Apple and began construction of a new skyscraper called " One World Trade Center" in the accident , now known as "Ground Zero" .
The building is the tallest in New York and the third in the world , measuring 541 meters , surpassing the Empire State that has 381 meters.
The " One World Trade Center" is being built in Lower Manhattan and will be inaugurated in 2014 , the foundation stone towards their building was laid on July 4, 2004 but the work was stalled until 2006 , because it still arguing about the issue of safety, design and how much is invested in the work.
In 2008 he began to build the base of the tower , which was completed in early 2010 and then continue with the floors for offices . It took five years to lift the structure completely. In May 2013 the skyscraper "One World Trade Center" touched the sky of New York when it was installed the antenna that goes on top of the popular building.
According to information from EFE, the building is the best answer to the terrorists that brought down the Twin Towers on September 11, 2001 .
The " One World Trade Center" also has some specifications related to the history of the United States. 541 meters tall equivalent to 1,776 feet, which is the year of independence of this nation, and the roof will be located at 417 m altitude , which measured the old twin towers.
The architects in charge of the structure are Daniel Libeskind and David Childs and so far have invested 3,000 million, according to the latest official estimates .
the Memorial
" The Memorial " was inaugurated in 2011 to honor and remember the more than 2,700 deaths that were victims of the attacks of September 11, 2001 , as well as the six people killed in the attack on the World Center Trade in February 1993 . Nearly 10 million people have visited the impressive monument .
The design consists of two pools of 4000 square meters , in bronze walls are engraved the names of all persons who died in the attacks , as a powerful reminder of the largest loss of life occurred in the United States.
The work was led by architects Michael Arad and Peter Walker. The names within the monument are divided into 9 groups : on the north pool will find victims of the North Tower of the World Trade Center , Flight 11 and died on 26 February 1993 and on the south pool, those killed in the southern financial center , lifeguard tower, and the victims of flight 77, 193 and 175.
Before entering the " Memorial " , visitors can also watch a photo exhibition of all the fallen , pictures are located in a corridor called "Wall of Faces" . There are some notes of the families of the deceased, personal items and some of the original foundations of the towers and commercial aircraft involved in her tragic accident are also available to the public.
It is expected that by 2014 , also a museum open doors that will complement the " Memorial " , to tell about the history of the events of September 11, 2001 .
The building is the tallest in New York and the third in the world , measuring 541 meters , surpassing the Empire State that has 381 meters.
The " One World Trade Center" is being built in Lower Manhattan and will be inaugurated in 2014 , the foundation stone towards their building was laid on July 4, 2004 but the work was stalled until 2006 , because it still arguing about the issue of safety, design and how much is invested in the work.
In 2008 he began to build the base of the tower , which was completed in early 2010 and then continue with the floors for offices . It took five years to lift the structure completely. In May 2013 the skyscraper "One World Trade Center" touched the sky of New York when it was installed the antenna that goes on top of the popular building.
According to information from EFE, the building is the best answer to the terrorists that brought down the Twin Towers on September 11, 2001 .
The " One World Trade Center" also has some specifications related to the history of the United States. 541 meters tall equivalent to 1,776 feet, which is the year of independence of this nation, and the roof will be located at 417 m altitude , which measured the old twin towers.
The architects in charge of the structure are Daniel Libeskind and David Childs and so far have invested 3,000 million, according to the latest official estimates .
the Memorial
" The Memorial " was inaugurated in 2011 to honor and remember the more than 2,700 deaths that were victims of the attacks of September 11, 2001 , as well as the six people killed in the attack on the World Center Trade in February 1993 . Nearly 10 million people have visited the impressive monument .
The design consists of two pools of 4000 square meters , in bronze walls are engraved the names of all persons who died in the attacks , as a powerful reminder of the largest loss of life occurred in the United States.
The work was led by architects Michael Arad and Peter Walker. The names within the monument are divided into 9 groups : on the north pool will find victims of the North Tower of the World Trade Center , Flight 11 and died on 26 February 1993 and on the south pool, those killed in the southern financial center , lifeguard tower, and the victims of flight 77, 193 and 175.
Before entering the " Memorial " , visitors can also watch a photo exhibition of all the fallen , pictures are located in a corridor called "Wall of Faces" . There are some notes of the families of the deceased, personal items and some of the original foundations of the towers and commercial aircraft involved in her tragic accident are also available to the public.
It is expected that by 2014 , also a museum open doors that will complement the " Memorial " , to tell about the history of the events of September 11, 2001 .
Huwebes, Marso 27, 2014
New home sales rise in U.S.
Sales of new single-family U.S. homes rose in August but remained near their lowest levels of the year, in a sign that a sharp rise in interest rates is weighing on the U.S. economy.
Sales rose 7.9 % to an annual rate of 421,000 units , said Wednesday the Commerce Department .
The pace of sales was in line with analyst expectations and supported the view that an increase in mortgage rates is reducing boost to the housing recovery in the United States.
The August increase did not offset the sharp drop recorded in July, when the sales pace was the weakest since October.
Mortgage rates rose in early May , when the Fed indicated that it was planning to reduce its program of bond purchases .
The Fed surprised financial markets last week when he said remain unchanged its bond purchases for now, when most analysts and investors expected a reduction in the stimulus program. Some members said that the rising cost of credit was one of the factors to make that decision .
The housing market, which has been a major for the U.S. economy since the recession of 2007-2009 ballast seemed to turn early last year when prices began to rise.
Last month, the average selling price of a new home fell to $ 254.600 . This price , which is not adjusted for seasonal swings , has declined every month since May, although it is slightly higher compared to August 2012.
The inventory of new homes for sale rose 3.6 % in August compared with July , leaving stocks of unsold new homes at its highest level since March 2011 .
Sales rose 7.9 % to an annual rate of 421,000 units , said Wednesday the Commerce Department .
The pace of sales was in line with analyst expectations and supported the view that an increase in mortgage rates is reducing boost to the housing recovery in the United States.
The August increase did not offset the sharp drop recorded in July, when the sales pace was the weakest since October.
Mortgage rates rose in early May , when the Fed indicated that it was planning to reduce its program of bond purchases .
The Fed surprised financial markets last week when he said remain unchanged its bond purchases for now, when most analysts and investors expected a reduction in the stimulus program. Some members said that the rising cost of credit was one of the factors to make that decision .
The housing market, which has been a major for the U.S. economy since the recession of 2007-2009 ballast seemed to turn early last year when prices began to rise.
Last month, the average selling price of a new home fell to $ 254.600 . This price , which is not adjusted for seasonal swings , has declined every month since May, although it is slightly higher compared to August 2012.
The inventory of new homes for sale rose 3.6 % in August compared with July , leaving stocks of unsold new homes at its highest level since March 2011 .
Lunes, Marso 24, 2014
Property income returns to Miami
Between July 2012 and July 2013 , Venezuelans accounted for the largest group of foreign buyers of real estate in Miami, with 14 % of the total. Brazil and Argentina ranked second with 11 % each, while Colombians and Canadians were in third place with 8 % each , according to a study by the Association of Realtors Miami.
After the bursting of the financial bubble in 2008 , returned the boom in the construction of apartments , but this time without being driven by cheap credit from banks, but foreign investors , many Latin Americans say Arian Campo -Flores and Conor Connect Dougherty in The Wall Street Journal.
The value of the numerous vacant buildings and towering condos for several years after the bursting of the housing bubble collapsed almost 60 % from its peak to its lowest , according to the Realtors Association of Miami.
And today, almost all units that were vacant were busy and demand exceeds supply . 118 have been proposed apartment towers to the Miami area , of which 35 are already under construction , says real estate consultancy Condo Vultures LLC .
The 41 buildings proposed for downtown Miami added 12,100 units , a figure well below the 22,200 units built between 2003 and 2008 , during the housing boom .
But anyway a significant upturn when you take into account that the construction in the downtown area of the city was virtually paralyzed until 2011, said the report published in the Spanish edition of The Wall Street Journal.
The developers emphasize that the strong international demand has created a new model of financing in cash , in your opinion, is safer than bank loans that fueled the previous boom .
Normally buyers have to pay at least 50% before closing the business, which means that homeowners lose their money if they abandon the transaction.
Under the new payment system , urban developers rely more on deposits from buyers , and less debt to finance the construction , which , they say, puts projects on a more solid foundation .
In addition , construction firms with less experience left out , since banks have become more strict about the initiatives they fund.
After the bursting of the financial bubble in 2008 , returned the boom in the construction of apartments , but this time without being driven by cheap credit from banks, but foreign investors , many Latin Americans say Arian Campo -Flores and Conor Connect Dougherty in The Wall Street Journal.
The value of the numerous vacant buildings and towering condos for several years after the bursting of the housing bubble collapsed almost 60 % from its peak to its lowest , according to the Realtors Association of Miami.
And today, almost all units that were vacant were busy and demand exceeds supply . 118 have been proposed apartment towers to the Miami area , of which 35 are already under construction , says real estate consultancy Condo Vultures LLC .
The 41 buildings proposed for downtown Miami added 12,100 units , a figure well below the 22,200 units built between 2003 and 2008 , during the housing boom .
But anyway a significant upturn when you take into account that the construction in the downtown area of the city was virtually paralyzed until 2011, said the report published in the Spanish edition of The Wall Street Journal.
The developers emphasize that the strong international demand has created a new model of financing in cash , in your opinion, is safer than bank loans that fueled the previous boom .
Normally buyers have to pay at least 50% before closing the business, which means that homeowners lose their money if they abandon the transaction.
Under the new payment system , urban developers rely more on deposits from buyers , and less debt to finance the construction , which , they say, puts projects on a more solid foundation .
In addition , construction firms with less experience left out , since banks have become more strict about the initiatives they fund.
Florida, a leader in selling foreclosed properties
According to the latest statistics from the center of CoreLogic , despite the still high number of foreclosed properties , executed and then sold by banks nationally, the figure is declining , which infers that the mortgage crisis is beating slowly.
So I publish the web Diario Las Americas, which reports that the result is complete 48,000 foreclosures in the U.S. in October 2013. This figure represents a decrease of 25.6 percent from the previous month , when there were 64,000 .
Florida broke records of foreclosed properties in the last year , detailing the average , comparing with the rest of the country. This can be interpreted as a success for banks and real estate agents, but also as a failure for those who lost their homes. It can also be interpreted as a boom in purchases in that state.
A total of 114.588 foreclosed homes were sold in Florida in a year , exceeding twice the sales reported in most other states sold , CoreLogic said the report referred to by Diario Las Americas.
The fact that Florida is a judicial state (where foreclosures usually take longer because they must go through the justice system , so that recovery takes longer) , may be one of the reasons for the high number . However, a non-judicial state had the second lowest level of completed executions : Michigan, with 50.186 .
After the financial crisis
In Florida, in general, 7.1 percent of households with a mortgage was part ejeciciones Stock bank in October, 3.1 percent less than in October last year but a percentage that exceeds the rest of the states .
Diario Las Americas remember that since September 2008, when the financial crisis began , there have been approximately 4.6 million completed foreclosures across the United States.
Since October 2013 , approximately 879 thousand households in the U.S. was in some stage of foreclosure, compared with 1.3 million in October 2012 , ie a decrease of 31 percent.
The inventory of foreclosures fell by 2.9 % from September 2013 to October.
" This inventory , as a percentage of all households with a mortgage, has fallen nearly a full percentage point to 2.2 percent in the last year," the paper quoted Mark Fleming , chief economist at CoreLogic . "This is good news for the housing market and mortgage financing , but the rate is still high relative to the pre-crisis level of around 0.6 %."
Anand Nallathambi , president and CEO of the firm, adding that anyway , " the worrying high foreclosure inventory is moderating . In addition , the rate of serious delinquencies fell more than 25 percent year over year , reaching the lowest level in nearly five years, " cited Diario Las Americas .
So I publish the web Diario Las Americas, which reports that the result is complete 48,000 foreclosures in the U.S. in October 2013. This figure represents a decrease of 25.6 percent from the previous month , when there were 64,000 .
Florida broke records of foreclosed properties in the last year , detailing the average , comparing with the rest of the country. This can be interpreted as a success for banks and real estate agents, but also as a failure for those who lost their homes. It can also be interpreted as a boom in purchases in that state.
A total of 114.588 foreclosed homes were sold in Florida in a year , exceeding twice the sales reported in most other states sold , CoreLogic said the report referred to by Diario Las Americas.
The fact that Florida is a judicial state (where foreclosures usually take longer because they must go through the justice system , so that recovery takes longer) , may be one of the reasons for the high number . However, a non-judicial state had the second lowest level of completed executions : Michigan, with 50.186 .
After the financial crisis
In Florida, in general, 7.1 percent of households with a mortgage was part ejeciciones Stock bank in October, 3.1 percent less than in October last year but a percentage that exceeds the rest of the states .
Diario Las Americas remember that since September 2008, when the financial crisis began , there have been approximately 4.6 million completed foreclosures across the United States.
Since October 2013 , approximately 879 thousand households in the U.S. was in some stage of foreclosure, compared with 1.3 million in October 2012 , ie a decrease of 31 percent.
The inventory of foreclosures fell by 2.9 % from September 2013 to October.
" This inventory , as a percentage of all households with a mortgage, has fallen nearly a full percentage point to 2.2 percent in the last year," the paper quoted Mark Fleming , chief economist at CoreLogic . "This is good news for the housing market and mortgage financing , but the rate is still high relative to the pre-crisis level of around 0.6 %."
Anand Nallathambi , president and CEO of the firm, adding that anyway , " the worrying high foreclosure inventory is moderating . In addition , the rate of serious delinquencies fell more than 25 percent year over year , reaching the lowest level in nearly five years, " cited Diario Las Americas .
Sabado, Marso 22, 2014
Sales of existing homes in the U.S. increased modestly in December
Sales of existing homes in the U.S. rose slightly in December after three consecutive months of decline , at a time when the record lows for interest rates and increased demand continue holding a housing market recovery .
The National Association of Realtors (NAR for its acronym in English ) said Thursday that sales of existing homes rose 1.0 percent last month to an annual rate of 4.87 million units.
Total sales in 2013 was the highest in seven years.
Economists polled by Reuters had forecast sales of existing homes increased at a rate of 4.94 million units in December.
" For the full year , is a good recovery," said NAR economist Lawrence Yun told reporters.
"We lost momentum towards the end of 2013 ," he added .
Home sales have been affected by a sharp increase in mortgage rates from the spring and the recent price increases.
However, other indicators show that the sector is healthy and that a strong rebound in household formation has encouraged the demand and interest of the builders to carry out new projects.
Yun said two opposing forces are impacting on the market : a mismatch between a price increase with a weak revenue growth , which has made homeownership less affordable for many Americans.
The median price of existing homes rose 9.9 percent to 198,000 in December from the same month in 2012.
Prices have risen sharply mainly due to a shortage of homes on the market . The number of homes for sale is relatively tight , and the inventory of unsold homes fell 9.3 percent from the previous month to 1.86 million .
The National Association of Realtors (NAR for its acronym in English ) said Thursday that sales of existing homes rose 1.0 percent last month to an annual rate of 4.87 million units.
Total sales in 2013 was the highest in seven years.
Economists polled by Reuters had forecast sales of existing homes increased at a rate of 4.94 million units in December.
" For the full year , is a good recovery," said NAR economist Lawrence Yun told reporters.
"We lost momentum towards the end of 2013 ," he added .
Home sales have been affected by a sharp increase in mortgage rates from the spring and the recent price increases.
However, other indicators show that the sector is healthy and that a strong rebound in household formation has encouraged the demand and interest of the builders to carry out new projects.
Yun said two opposing forces are impacting on the market : a mismatch between a price increase with a weak revenue growth , which has made homeownership less affordable for many Americans.
The median price of existing homes rose 9.9 percent to 198,000 in December from the same month in 2012.
Prices have risen sharply mainly due to a shortage of homes on the market . The number of homes for sale is relatively tight , and the inventory of unsold homes fell 9.3 percent from the previous month to 1.86 million .
Lunes, Marso 3, 2014
Florida: The Federation of Real Estate Professionals of Miami is formed to help Francophone buyers
The Miami real estate is attracting more and more international investors benefit from a weak dollar , attractive prices in a dynamic city and a healthier situation since the crisis. Among them, the Canadians, who now account for over a third of international buyers in Florida. But buying a property in a foreign country can not be improvised . To make the experience simple, three well established agencies in the city just founded the Federation of Property Professionals Miami ( FPIM ) . Their respective leaders : Thibault de Saint Vincent , Marie- Charlotte Piro and Franck Dossa form the Executive Committee of the Association.
This non -profit connects Francophone buyers with certified professionals and recognized in their respective markets . To join and offer quality label FPIM , officers should : fluent French , have a license from the State of Florida valid , proven experience no negative history with the official and adhere to a strict code of ethics .
" Established for 10 years in Miami, we found that international customers need specific support because the real estate market works differently in the United States . It is important that they choose trusted professionals who can guide them and introduce them to these features , "said Thibault de Saint Vincent, president and founder of the Barnes FPIM member .
"For example, professionals have here a wonderful tool: the Multiple Listing Service (MLS). This file is shared by all professionals, and certified members, allows the client to work with one realtor. Indeed, it gives access to all the properties available , whatever the agency mandated to sell. The buyer and seller each have their agent representing their interests throughout the sides of the transaction. "
Marie- Charlotte Piro , President of the Federation of Property Professionals and The Vice-President of Real Estate MC ² "It was time to provide this service qualification and quality label to the number of francophones buyers who grows day by day ". Thus, the French Canadian customers is top of the hit parade of international investors resident or just a portion of the year.
"There are many reasons why South Florida , especially Miami and the region appeals to buyers and French investors , says Franck Dossa , president of Brickell Plaza International and founder member FPIM , buyers feel so as at home here. Climate, tax situation , and the atmosphere truly international form a winning combination ! "
The three co -founders anticipate a more sustained than ever for investors but also for entrepreneurs that locate or simply open a subsidiary market. Miami is indeed a great starting point to develop and shine at the same time the United States , Latin America and Europe.
All experts agree that the situation has never been so promising : Cash purchases account for the vast majority of transactions, and to obtain credit , you must make on average 50% of the transaction amount . Buyers are therefore stronger and it is far from the situation before the 2008 crisis .
In economic terms , the city is in a favorable situation with a diversification of resources and foreign countries investing . The development of the Port of aerospace , finance , health come into effect until balance tourism Almighty .
The FPIM aims to help buyers from Canada, France , Switzerland, Belgium, the DOM- TOM , Haiti and Francophone Africa. In addition to mastery of the French language and work ethic , consultants wishing to join the FPIM must have an impeccable way. Any consultant who received a complaint from the Florida Real Estate Commission can not be part of the federation.
This approach ensures customers the FPIM exemplary service by the best French property agents in Florida. A customer who uses a certified agent FPIM , if there are problems , may be supported by the Federation for filing an appeal or a complaint. He knows how to react and how to navigate a particularly well framed and regulated system.
This non -profit connects Francophone buyers with certified professionals and recognized in their respective markets . To join and offer quality label FPIM , officers should : fluent French , have a license from the State of Florida valid , proven experience no negative history with the official and adhere to a strict code of ethics .
" Established for 10 years in Miami, we found that international customers need specific support because the real estate market works differently in the United States . It is important that they choose trusted professionals who can guide them and introduce them to these features , "said Thibault de Saint Vincent, president and founder of the Barnes FPIM member .
"For example, professionals have here a wonderful tool: the Multiple Listing Service (MLS). This file is shared by all professionals, and certified members, allows the client to work with one realtor. Indeed, it gives access to all the properties available , whatever the agency mandated to sell. The buyer and seller each have their agent representing their interests throughout the sides of the transaction. "
Marie- Charlotte Piro , President of the Federation of Property Professionals and The Vice-President of Real Estate MC ² "It was time to provide this service qualification and quality label to the number of francophones buyers who grows day by day ". Thus, the French Canadian customers is top of the hit parade of international investors resident or just a portion of the year.
"There are many reasons why South Florida , especially Miami and the region appeals to buyers and French investors , says Franck Dossa , president of Brickell Plaza International and founder member FPIM , buyers feel so as at home here. Climate, tax situation , and the atmosphere truly international form a winning combination ! "
The three co -founders anticipate a more sustained than ever for investors but also for entrepreneurs that locate or simply open a subsidiary market. Miami is indeed a great starting point to develop and shine at the same time the United States , Latin America and Europe.
All experts agree that the situation has never been so promising : Cash purchases account for the vast majority of transactions, and to obtain credit , you must make on average 50% of the transaction amount . Buyers are therefore stronger and it is far from the situation before the 2008 crisis .
In economic terms , the city is in a favorable situation with a diversification of resources and foreign countries investing . The development of the Port of aerospace , finance , health come into effect until balance tourism Almighty .
The FPIM aims to help buyers from Canada, France , Switzerland, Belgium, the DOM- TOM , Haiti and Francophone Africa. In addition to mastery of the French language and work ethic , consultants wishing to join the FPIM must have an impeccable way. Any consultant who received a complaint from the Florida Real Estate Commission can not be part of the federation.
This approach ensures customers the FPIM exemplary service by the best French property agents in Florida. A customer who uses a certified agent FPIM , if there are problems , may be supported by the Federation for filing an appeal or a complaint. He knows how to react and how to navigate a particularly well framed and regulated system.
Our French network in Miami
Being French Miami is plunging into a new cosmopolitan and diverse culture, and exposure to North American customs, but also those of many Latin American countries strongly represented in Miami and South Florida.
English and Spanish are spoken around you every day. You will discover new gastronomic traditions, a new lifestyle, new leisure activities.
But, being French in Miami also means being part of a growing and well organized French community, with countless restaurants in the French tradition, caterers, bakeries crafts, movies and shows French and many French-speaking professionals has your service.
English and Spanish are spoken around you every day. You will discover new gastronomic traditions, a new lifestyle, new leisure activities.
But, being French in Miami also means being part of a growing and well organized French community, with countless restaurants in the French tradition, caterers, bakeries crafts, movies and shows French and many French-speaking professionals has your service.
Apple launches recycling program of its iPhone against a purchase credit
Apple launched Monday, March 3 in France recycling program of its iPhone that allows users to bring in their old store model to obtain a credit for purchasing a new phone. The U.S. giant has launched the program of recovery at the end of August in the United States . For three years , it was possible to recycle the device but only online.
"The iPhone has a great value. Apple stores in France have decided to launch a program to assist customers who wish to bring the iPhone to previous generations for recycling or reuse , "said the American company . "In addition to the positive impact on the environment , customers will receive their old phone against a credit they can use to purchase a new device " is said.
Each person reporting in its Apple Store iPhone can benefit from a purchase credit of up to 215 euros on the purchase of a new smartphone. 150 million iPhones have been sold worldwide last year , Apple does not disclose the number sold in France .
"The iPhone has a great value. Apple stores in France have decided to launch a program to assist customers who wish to bring the iPhone to previous generations for recycling or reuse , "said the American company . "In addition to the positive impact on the environment , customers will receive their old phone against a credit they can use to purchase a new device " is said.
Each person reporting in its Apple Store iPhone can benefit from a purchase credit of up to 215 euros on the purchase of a new smartphone. 150 million iPhones have been sold worldwide last year , Apple does not disclose the number sold in France .
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