Duma lawyer demands interrogation methods be made public via @ArutzSheva_En

On Sunday morning just before the indictments in Duma case were filed, Attorney Adi Keidar from Honenu requested that the court allow the interrogation methods used by the Israel Security Agency on the suspects to be published to the public. 

Reports in the media suggest the Israel Police plan to lift the media ban regarding the case and that they intend to publicize details regarding the investigation.

According to the request submitted by Keidar, the use of physical force during the interrogation should also be publicized, as well as the fact that during the period of interrogation the accused were refused meetings with their lawyers due to court order, and that during that time the accused raised strong claims against the process of interrogation which were brought before the courts, and that they should be written into the court records.

Duma lawyer demands interrogation methods be made public via @ArutzSheva_En

Financial sector key to final week of trading on Wall Street : Business

Financial sector key to final week of trading on Wall Street : Business

NEW YORK • As 2015 draws to a close this week, the fortunes of the last few trading days of the year may be dictated by the direction of the financial sector.

The financials have risen more than 6 percent this quarter, with investors expecting the sector to be one of the main beneficiaries of the first interest rate hike by the Federal Reserve in nearly a decade.

However, the potential exposure of banks to the energy-dominated U.S. high-yield corporate bond markets has unnerved investors, and caused financial and energy shares to stall during the two trading sessions that followed the hike. Stocks in both those sectors have been closely correlated in recent weeks.

"That trade, the oil-financials, it is going to be with us for quite some time," said Peter Kenny, equity market strategist at Kenny & Co. LLC, in Denver.

The benchmark S&P 500 index has rallied nearly 3 percent last week, buoyed by a jump of nearly 5 percent in the energy sector as oil prices bounced off multi-year lows. Financial stocks, meanwhile, have surged more than 3 percent last week.

In recent weeks, energy stocks have been tightly correlated to the price of crude at 0.95, which means they have moved in sync with each other, and financials have not been far behind. The 20-day correlation between the financial sector and U.S. crude is 0.75.

Should oil prices fail to stabilize and energy shares continue to fall, that could be reflected in the financials.

"The influx of money and capital into the financials over the last six months in anticipation of this move by the Fed was justified, but boy, this oil trade has turned that upside down," Kenny said.

Lawyer for convicted murderer: 'Monty's got a solid release plan' - Richmond Times-Dispatch: Virginia News

Lawyer for convicted murderer: 'Monty's got a solid release plan' - Richmond Times-Dispatch: Virginia News

Open Educational Resources (OER): Resource Roundup | Edutopia

Open Educational Resources (OER): Resource Roundup | Edutopia

The housing is growing at the slowest pace since the beginning of the crisis until the last decade

Have we raised enough brick? It seems that the industry has taken ... to-the sales force constitu-. Knowing that the housing stock to sell over a million properties-the million and a half, according to RR Acuña Castroviejo, it is not surprising that the housing stock will grow at the slowest pace since the start of the crisis.

According to the Ministry of Public Works, Park Spanish households grew by 0.19% over the past year, adding up to 25.44 million residences, so the slower rate of annual increase is noted from the beginning of the crisis and even the last decade. The sequence of exercises with lows in development and construction of new homes has resulted in a barely imperceptible evolution of the number of existing homes in Spain.

Almost three quarters (74.6%) of the total park floors correspond to primary residences, that is, those for primary residences, which totaled 18.99 million units, also an increase of 4.8% comparison with 2012.

In contrast, during the last year fell by 11.2% the number of non-primary residences (aimed at second home and other uses), which thus stood at 6.45 million, down from the height of seven million units for the first time since 2006, pre-crisis period. Thus, the year 2013 was the smallest increase in the total housing stock has recorded since the beginning of the crisis, since between 2007 and 2012 recorded annual progressions between 0.5% and 2.3%.

For communities at the end of last year, which had a higher housing stock are Andalusia, with 4.39 million homes, Catalonia (3.88 million), California (3.16 million) and Community of Madrid (2 93 million).

As for non-primary residences, fell the regions where the park of this type of flooring is Madrid, which ended 2013 with 325,027 secondary homes, 22% lower than the previous year, along with the Basque Country (-19.8 % to 120,105 homes) and Catalonia (-19%, with 769,483 sub floors).

Housing Price Index in USA. (HPI) 0.4% vs. 0.4% forecast

The housing price index in the United States rose last month, official data showed on Tuesday.

In a report, Federal Office of Housing Enterprise Oversight (OFHEO) said Housing Price Index in USA (HPI) rose to a seasonally adjusted 0.4%, from 0.0% the previous month.

Analysts had expected last month Housing Price Index in USA (HPI) grew 0.4%.

Developments reborn in Florida for bargains

After a period of stagnation, the Florida real estate market began to emerge and is doing thanks to the lowest prices ever seen in years.

According to the Association of Realtors (Realtors) Florida selling apartments February 2009 to February of this year rose 59 percent, and single-family homes increased by 31 percent.

No doubt the good prices, a result of the large number of units repossessed by banks (when homeowners stop paying), have attracted investors from around the world, including from those who are willing to invest their personal savings, to billionaires large investment funds.

Adam Adache president Adache Real Estate, Fort Lauderdale, told El Tiempo that? Wholesale activity, combined with the discounts offered by lenders to exit problem projects, generated opportunities that only a situation like this can offer. The firm works with groups in the process of acquiring wholesale and resale of individual units.

From the outside see opportunities Foreign investors have been expected. One of the groups most concerned right now is Ultimate Holdings, based in England, whose objective is to acquire properties at wholesale prices and make bank repossession to sale below market price. This gives you quick profits and gives opportunity to new homeowners and investors have smaller opportunities that would otherwise be inaccessible.

? Opportunities currently offered by this market are very attractive? told this newspaper James Black, managing partner of Ultimate Holdings. ? Our focus in Florida and this allows us to offer high quality products at affordable prices. This is the best time to buy real estate in this state. These prices are a once in a lifetime? Considered.

In early 2010, Ultimate Holdings purchased 122 units at Village at Town Center in suburban Orlando. Currently resell to average $ 75,000 per unit, 70 percent below the market price bubble. They come with a tenant, which allows to produce investment from day one. In a month they have secured 40 sales

Investment slows down due to the cooling property market in China

The cooling of the Chinese real estate market will greatly discouraged promoters to increase investment in the first half of the year said a market analyst.

The decline in enthusiasm was reflected in the sharp slowdown in investment and development, particularly in the fall in the number of new projects, said Meng Yin, Deputy General Secretary of the Market Committee of the Association of Real Estate Research China.

Combined with the decline in property sales, investment in the sector will remain weak over the coming months, Meng said in an article published in the latest edition of the magazine Caijing.

According to her, the investment of real estate developers in the sector grew 16.4 percent on-year between January and April, a decrease of 3.4 percentage points of growth rate over the same period last year . Government data showed that investment in the first five months of the year slowed further to 14.7 percent.

In addition, Meng said the new projects launched between January and April totaled 430 million square meters, a fall of 22.1 percent in terms of gross floor area, and during the first five months fell 18 6 percent yoy.

The slowdown in investment was due to a fall of 7.8 percent of real estate sales in the first five months of the year, expanding by 0.9 percentage points compared to January-April, according to government data.

According to Meng, China's property market has seen almost adjustments every three years since 2005. Unlike those times, however, the adjustment in 2014 resulted largely the same market, affected by the supply and demand and prices.

In the new situation, Meng said developers may be forced to adopt more prudent development strategies, rather than a massive investment and high indebtedness. Should also try to diversify their business in order to fend off potential risks.

Real estate boom in north and central areas

Cancun Qroo. The real estate market in Mexico will grow 6.5% this year; however, in the cities of the north and center of the country will be greater the expansion, according to estimates by the Mexican Association of Real Estate Professionals (AMPI)

States such as Queretaro, Veracruz and Puebla and cities like Tijuana, Los Cabos, Cancun and the Riviera Maya are the points at which further growth, because they have shown recovery is expected, said executive vice president and national coordinator of regions AMPI, Antonio Hanna Grayeb.

Only Cancun and the Riviera Maya hotel occupancy report sustained above 80% since 2013 and, precisely, the rebound in economic activity leading every city has a direct impact on real estate.

"In the case of the Bajio, there is a boom in industrial areas, growth in the automotive and manufacturing, and it also affects growth will have the sale of residential property this year," he said.

With respect to Tijuana, he said, is a very special case, because it is a city that was marked by the issue of insecurity and violence; however, today there are also an interesting economic activity in the manufacturing sector, which is moving other sectors of the economy as it is real.

"In these cities the markets are already well defined; most Americans and Canadians is concentrated in Cancun and Los Cabos, while the European market and more recently a percentage of South Americans prefer options like Riviera Maya and Tulum, for his concepts of harmony with the environment ", he said.

REFORMS

Considered the possible adoption of the 27 constitutional reform that would allow foreigners to acquire property in the coastal areas of the country, would give a boost to the sector to 15% immediately to the approval of the reform; however, Linda Neil Jones, representative in Mexico of the National Association of Realtors, said that although at the time looked favorably upon the reform of Article 27 of the Constitution, today considered very remote possibility that, by the time that has elapsed since approval in the House of Representatives and Senators brake later.

How a property is valued for investment

Real estate acquired for investment, have completely different parameters, which are bought to live in them, when making an assessment of the same.

To assess multifamily properties, industrial, malls, office buildings and other property intended to serve as sources of income, three different methods are used: a) Replacement value; b) Comparison of income; c) value per square foot building and the land on which the building is erected.

Replacement Value: Replacement value as the name implies, is calculated taking into account the cost to build a building that would bring the same type, size and quality, which is appreciating in place and the area where the finds himself.

This is achieved through the current value of the lot of land on the property and the cost of rebuilding the property itself is erected; well, considering the size and facilities of the same, based on the current value of the building materials to be used, following the manufacturing drawings, as well as the cost of labor and any additional costs associated with the work.

Comparison of income: This technique is used mostly in multifamily properties, shopping centers, office buildings and industrial parks and is based on performance yielding property in the financial year of a fiscal year, which is obtained by summing the annual revenues and these subtracting all expenses incurred during that period. That sum will yield net operating revenue in the fiscal year for which question. That figure is then divided by the money used to buy the property and have the economic performance of the property, in its first year. That performance compares to other properties of the same type, within a radius of one kilometer radius, and up to the desired number. It is known that some properties offer more performance if they are financed that if you pay in cash.

Value per square foot building and grounds of the property: This mode is easy to understand, because it is do a search for the square footage of the properties that have recently sold and closed in the area, with the aim of obtaining the average price paid per square foot manufacturing and field, to apply to the actual dimensions of the property being valued.

Although it seems simple it is not, because factors such as access to the property, parking, proximity to main roads with intense traffic, existing tools and / or heavy equipment locked in place, and the physical location of the property in the block itself , may affect the intrinsic value of the property.

Most important of all is the location of the property. A good location justifies any adjustment to the purchase price. Should always be taken into account to compare the properties are similar; that is, to compare oranges with oranges with oranges and apples ever.

The volume of real estate sales in Texas are comparable with those of 2009; prices remain uniform

According to the most recent version of the Texas Quarterly Housing Report (Quarterly Housing Texas), the effects of the federal tax credits last year for homebuyers survived in the Texas real estate market in the second quarter of 2011.

As described in the report, sales of single-family homes totaled 58.795; 12 percent less than the same quarter of the previous year in which sales volumes were supported by tax credits for homebuyers, who were overcome.

Dwight Hale, chairman of the Texas Association of Realtors (Realtors Association of Texas), commented on the results: "While sales statewide have fallen compared with 2010, when the tax credits were having the greatest impact in our market, we are at par with the second quarter of 2009. Moreover, Texas has we dominated national headlines for its economic strength, which makes it clear that the recovery continues in our state. "

Jim Gaines, Ph.D., an economist with the Real Estate Center at Texas A & M University, also commented on the results:
"Given the impact of tax credits last year, not surprised to see fewer sales this quarter compared to last year. Anyway, I'm surprised to see that sales volumes were not further behind in respect of 2010" .

Real estate prices in the second quarter of 2011 indicate strength in the Texas market. . Median price was U.S. $ 150.400, one percent higher than the same quarter of 2010 the average price in the 2nd quarter of 2011 was U.S. $ 201.288; 4.6 percent higher than Q2 2010.

Gaines explained. "Increasing the average price of Texas homes indicates more activity among higher priced homes Homebuyers higher priced have been less affected by tighter mortgage lending standards and real estate have become an attractive vehicle for investment, due to instability in other investments like securities. "

He continued: "It is also important to note that the price stability of Texas is in stark contrast to many other parts of the country have shown sharp falls in the price of both the median and average."

Another important market indicator is the inventory of homes available for sale compared to the demand to buy houses. Measured in months, Texas had 8.1 months of inventory in the second quarter of 2011, compared with 7.2 months in the 2nd quarter of 2010. That's 12.5 percent higher-or just less than 30 days of additional stock-compared with same period last year.

As Gaines explained, several factors contribute to this change: "Based on how this figure is calculated, estimates of the demand for real estate is affected by the tax credits last year also new housing stock entering the market. as banks resume foreclosures that had been delayed by the investigations related to the practice of robo-signing (filing false court documents). overall, our inventory is just below what we consider to be a market balance. "

Gaines also commented on the general trends mentioned in the report: "More than in previous quarters, we see a great variability among the 47 Texas markets included in this report generally markets that showed the largest increases in sales volumes when it was. available tax credit are the same markets that now show the greatest decreases after it ended. As always, it is important that buyers evaluate their own local markets and even their own submarkets-up neighborhood level, in many cases to take action and informed purchase sale. "

The collapse of sales reached the property prices

The price impact was felt in January and May from the market stabilized with a cumulative decline of 1.5 percent. This fall also is not as great as expected, but realizes the wrong time in the housing market, "says the Real Estate Chamber Argentina (CIA).

The company yesterday launched an index that was launched a year ago, from the survey of prices published monthly to over 40,000 properties in the Federal Capital, told the newspaper La Nacion Roberto Arevalo, president of the CIA.

The indicator includes properties brand new and used, and in 90% of cases the values ​​are dollar deals with an increasing incidence of studio apartments, which represent more than half of the current supply of homes for sale .

"The FX market, marked the end of one of the cycles of real estate expansion that will be remembered for the buildings and homes were considered almost exclusively for its value cambioindependientemente your actual use value. Developing new projects is still pointing to that logic, with the consequence of reducing the area and making developmental qualities in managing risk financiers ultimately weighed and ultimately rests on the buyer-investor ", anticipated days ago a report from the Real Estate consultant report.

But if the average values ​​of the scriptural acts taken in the Autonomous City of Buenos Aires that arises from the monthly survey makes the district Notaries Association warns unvirtual sharpness with stagnation at the official rate in the last three years for the first four months while over 30% fell as the dollar on the open market, in line with the depression that has entered the business of purchasing and selling real estate since the imposition of the FX market in late October 2011.

In a survey index of rental prices is also included. In this case, the situation is completely opposite. The vast majority of the publications are in pesos and steadily increasing values ​​over the past year.

According to the indicator, in 12 months, rents accumulated a 22.1% increase, with an accelerating trend: in the first five months of 2014 experienced an increase of 14 percent in May and only climbed 6.4 percent.

Despite this increase, which resents the pockets of workers because they take refuge in the vacation as the only alternative since the vast majority can not buy a house in the sector said that the rise in prices was below the inflation of the last year. "Despite the difficulties, has primacy criteria of rationality on the part of the actors in the setting of values," said the CIA report, hardly a criterion that is shared by tenants.

Owners of apartments in Manhattan curb their rent increases

The inhabitants of Manhattan departments are experiencing some relief after two years of increases in costs led rents for tenants near a new high peak.

The average monthly rent fell 2.8% in February compared to the same period last year to $ 3,100, according to a report by the appraiser Miller Samuel Inc. and Douglas Elliman Real Estate agency. It was the sixth consecutive decline. The unemployment rate rose from 1.69% to 1.78%, although it also increased concessions owners.

Owners in Manhattan stepped back after 23 months in which prices rose to make up lost ground during the recession. The average rents increased 15% since the low point in November 2009 and were approaching the 2006 peak of U.S. $ 3,265 per month before starting down in September. Some tenants are being drawn to the sales market, while those who remain tenants resist higher prices, according to Jonathan Miller, president of Miller Samuel based in New York.

"The owners were moving and advancing and advancing, not ceded under any circumstances and in any way," said Gary Malin, president of Citi Habitats agency, which also published a report on the rental market in Manhattan today. "They assumed that they could go on."

Buyers rushed to realize acquisitions in both an increase in mortgage rates near record lows since May threatened to expensive houses. In the fourth quarter, sales of condominiums and condominiums in Manhattan reached their highest for 25 years from which all records are kept, according to Miller Samuel and Douglas Elliman. Rising agreements contributed to raising the unemployment rate department and reduce some of the power of the owners at the time of pricing, Miller said.

NYC could lose more than 2,000 rent-regulated apartments

The city of New York could lose more than 2,000 rent-regulated apartments, many of these in Hispanic neighborhoods, according to a report from Councilman Dan Garodnick (D-Manhattan).

The councilman, who represents the Upper East Side, Stuyvesant Town, warns of predatory and "illegal" practices that are turning to such landlords to charge much higher rents.

According to the report, released two weeks after Mayor Bill de Blasio announced its plan to create 200,000 units of affordable housing, many landlords and investors to buy buildings acquiring exorbitant bank loans that can not sustain. These online purchase debt anticipating that can generate profits by increasing the cost of each car in their buildings.

This practice is known as "predatory equity" (predatory capital) and, according to Councilman Garodnick, home resort to it in order to get money out, to deregulate apartments that are home to people with low or moderate incomes.

"In June came a new owner who is now trying to evict me and my family," said Angelica Rosado, who lives with her husband and four year old daughter in a building that was before affordable housing in the Bronx. "For three years we have lived here without problems, and now they want us out without reason. This is very unfair. "

Councillor calls for action to the City to stop this practice.

"This is a malicious business model that exists to destroy affordable housing, with the intent to harass, defraud and displace residents from their homes," Garodnick said yesterday in a press conference on the steps of City Hall.

The official indicated that the practice is a replica of what happened in 2006 with the sale of Stuyvesant Town buildings in his district. Your buyers, according to the lawmaker indicates, tried to get rid of tenants with regulated rents. The future of the building is still in limbo.

Your report indicates that the majority of buildings, about 70, are located in the South Bronx, Upper Manhattan and Bushwick, Brooklyn, all with large Hispanic population.

In District Councillor Ritchie Torres (D-Bronx) focus more of these buildings, so plans to introduce legislation next week to create a list of owners who engage in predatory capital.
"We can not stand by while property speculators and bad home threaten our dwindling supply of affordable housing," Torres said.

The Housing Department (HPD) has already launched the Alternative Enforcement Program program (Alternative Enforcement Program, AEP), which allows the City to cover the costs of repairs for housing code violations in buildings. The agency then sends the bill to the owners.

The problem, Garodnick, is that HPD does not have enough money to take care of all the buildings in question. The staff recommends that the city double its funding for this program. It also recommends that the city buy the buildings in danger of being executed and resell them to "good home".

A spokesman for the Office of Mayor Bill de Blasio said about it, "there are concerns shared by the municipal administration. We have to reverse the loss of affordable housing for the reasons mentioned by the report."

Housing Starts in U.S. rises to highest level in half a year

The pace of housing starts in the U.S. increased 13.2 percent in April, reaching an annual volume of 1.07 million, the highest in six months, reported the Commerce Department.

In March, the annual volume of new apartment buildings had been located at 947,000 units, according to official figures.

The April increase mainly due to a sharp rise in the beginning of new construction of apartment buildings, which were up 42.9 percent over the previous month.

Experts believe that the construction of apartments is more volatile than single-family home sector, whose early works rose just 0.8 percent, which has been interpreted as a sign that housing construction is earthbound strongly from the recession that began in 2008.

Major advances in new construction of homes in April were for the states in the Midwest and Northeast of the country, which in recent months have been affected by a severe winter which slowed activity in the sector.

Meanwhile, processed permits for new construction last month increased 8 percent, which predicts that the activity will gain momentum in the coming months.

The Federal Reserve keeps interest rates reference at around 0.25 percent, despite which has not consolidated the industry, due to the difficulties in getting funding families and the increase in housing prices , which seems to have anticipated the recovery itself.

A recent study by the U.S. Census Bureau showed that the percentage of homes owned by U.S. households stood at 64.8% in the first quarter, the lowest since the 64.7% recorded in 1995 .

U.S. construction spending, the highest in five years

Construction spending in the U.S. posted modest gains in April, driven by a rebound in residential construction and government works, making the total activity hitting its highest level in five years.

Construction spending rose 0.2% in April to an annual rate, seasonally adjusted, from 953,500 million, its strongest performance since March 2009, the Commerce Department said Monday.

The April increase was lower than economists expected, but the government revised upwards the activity of March, with a gain of 0.6%, compared with an initial estimate of a 0.2% increase.

The small improvement in April, along with the sharp increase in March, indicate that the construction industry is recovering from the rigors of winter, so it will boost its growth in the coming months.

The April figure marked the third consecutive increase after bad weather sapped spending by 0.4% in January. The construction activity dragged the overall economy in the first quarter, when GDP contracted.

The U.S. economy as a whole contracted at an annual rate of 1% in the January-March quarter. Analysts estimate that growth will recover to a rate of about 3.8% in the April-June period.

The expectation is to increase recruitment and therefore consumer spending will rise. Other sectors, including construction, should also be recovered.

Immigrants underpin the U.S. housing market

Immigrants real estate buyers have underpinned the housing market across the United States in the last decade and will continue to drive demand at least until the end of 2020 , according to a new study.

Foreign buyers accounted for most of the growth in property ownership in states traditionally populated by immigrants and offset a decline in purchases by Americans by birth in other areas , according to a report prepared by demographers at the University of South California Mortgage Bankers Association of the country.

Specifically , the number of homeowners in the U.S. who were born in other countries has increased every decade since 1990. Immigrants, representing 13% of the population, constituted 39% of the net growth in homeownership between 2000 and 2010. In the decade from 2010 to 2020 , representing 36 % of this growth, the report projected .

"The group of home buyers is much more diverse than in the past ," said Mike Fratantoni , vice director of research of the association. "The demand for immigrants is far more important nationally ( ... ) of what an ordinary person would ."

Immigrants are more likely to buy a home once they are installed and become more financially stable in the U.S. , usually after having rented for a few years . Among Hispanics who came to the U.S. during the 80's , the home ownership rose from 15 % in 1990 to 53% in 2010, and is projected to reach 61 % by 2020 , the report said.

Although the growth of immigrant populations in California and New York have fallen below their highs of 80 and 90 , respectively , the growth of home purchases by foreigners rose to record rates between 2000 and 2010. During this period , immigrants constituted 82 % jump in home ownership in California and 65 % in New York.

In Texas and Florida, the number of foreign property owners continued to climb between 2000 and 2010 despite the expansion in the immigrant population leveled . In the same decade , immigrants also accounted for a significant share of ownership of real estate in states like Illinois, New Jersey, Pennsylvania, Massachusetts, Ohio and Michigan, the report says .

In the southeastern U.S. , which began to experience a wave of immigration in the 90s , foreigners accounted for 34 % of the increase homeownership in the state of Georgia and 25% in North Carolina during the decade completed in 2010.

Recent immigrants are playing similar to the generation of baby boomers role , as people born in the U.S. is known in the two years following the Second World War and in the 70 and 80 entered the large mass housing market decades , says study co-author John Pitkin , an associate researcher with the group studying population dynamics at the University of southern California.

The Ruy Martins Brazilian , who arrived in Atlanta , Georgia, in 1999 , rented a two-bedroom apartment for two years while working in the construction sector and cleaning houses with his wife. In 2001 , the couple got a mortgage to buy a house with three bedrooms. After that Martins opened a business outsourcing restoring homes for insurance companies , bought a bigger house in 2007 .

"We live a life -style ," said Martins , 41 and father of three children. Now rented the smaller house.

The study of the Mortgage Bankers Association , which is based on census data does not distinguish between legal and illegal immigrants. Undocumented immigrants often get a mortgage using an individual tax identification number , known as ITIN for its acronym in English, or through an intermediary.

The trend toward home ownership among immigrants contributed to a slowdown in rental rates after 2000 , the study found .

However, the rate of home ownership among immigrants remains below that of the native USA: 52.4 % vs 67 %.

And after the housing collapse , a study conducted last year by the Pew Hispanic Center found that the sharp decline in housing prices left 28% of Latino-owned housing, including many immigrants, owing more on mortgage payments than their homes were worth twice the percentage of homeowners in the general population .

Still, " the expansion of demand for real estate among those born outside the U.S. was vital to prevent the recession was even worse ," says the report.

Add the price of housing in Miami

The median sale price of single family homes in Miami rose last March 25.1 % from the same period in 2012 , representing the highest annual increase since 2005, according to data released Monday by the Realtors Association of Miami data .

The condo prices , which have remained stable for 21 consecutive months were 19.3 % higher in March this year than in 2012.

Thus, the average price of a detached house in the "city of the sun" was $ 225,000 in March , 16% higher than in February , while condominiums reached an average sales price of $ 167,000 , ie 1.2 % more than the previous month , said this association realtors in a statement.

The real estate market of Miami " is undergoing a comprehensive strengthening fueled by strong demand and limited supply ," said Natascha Tello , president of the board of the Association of Realtors in this city , one of the most attractive for foreign investors, many Latin American real estate .

In the end, the "local market has seen consistent double digit appreciation for a significant number of months as the housing inventory declines ," reflecting the " demand that exists for any type of property in Miami."

In short , sales of residential properties in Miami -Dade County " increased by 2.7 % in March compared with a year earlier sales" and the list of houses at the end of March fell by 5 % compared to previous year , " at a time when the market was experiencing a housing shortage ."

64 % of all closed sales in that county were made ​​in cash , reflecting the "strong presence of international buyers in the real estate market in Miami."

Some large cities at risk of new U.S. housing bubble

The sharp increase in the price of houses in some of the largest cities in the United States point to a possible new housing bubble in those areas , according to Robert Shiller , who helped create an influential indicator of housing prices in the U.S. .

Shiller said that large price increases in Las Vegas , Los Angeles, San Francisco , Miami and Phoenix , driven in part by a large flow of money from outside investors , are a possible sign of future problems .

" There is a risk of bubbles in these cities ," he told Reuters on Wednesday Shiller , co -founder of the home price index S & P / Case- Shiller . " The increase in housing prices has been dramatic. Resembles the beginning of the most recent bubble ," he added .

There is a risk that prices will rise for another year in these areas and then falling back , hurting new buyers trying to compete in markets where low inventories and Wall Street investors bid up prices with their money .

The latest report from the Case- Shiller Standard & Poor's index showed that prices of single-family homes in 20 metropolitan areas in the United States rose 12.1 percent in April , marking the largest annual increase in seven years.

The gains were led by price increases of 24 percent in San Francisco , 22.3 percent in Las Vegas, 21.5 percent in Phoenix, 19 percent in Los Angeles and 13 percent in Miami.

Price increases were the latest sign that the U.S. housing market , a mainstay of the economy, may be in a sustainable recovery from the housing crisis that caused the 2008 financial crisis and subsequent recession.

Shiller said it is still too early to predict how healthy market recovery , and he was not sure if overall prices would continue to rise for another year.

However, he said it was unlikely a collapse of the housing market in the short term , because lending standards have tightened and government oversight of the mortgage industry has been strengthened.

Mortgage applications in the U.S. rise, but rates also

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.