REO Motor Car Company

Miami Total Home Sales Priced Between $600K to $1M Soar

Retrieved on: 
Thursday, September 21, 2023
MLS, Brookings Institution, State, REO, Partnership, Housing, REO Motor Car Company, Average revenue per user, NAR, Internal Revenue Service, Statistics, Multiple listing service, Fintech, Sale, CoreLogic, United States Census Bureau, Local, Freddie Mac, News, Population growth, Locksmithing, Real estate, Drug, Cryptocurrency, Citrus, Property management, LoopNet

MIAMI, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales priced between $600K to $1M jumped double digits year-over-year, according to August 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • MIAMI, Sept. 21, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County total home sales priced between $600K to $1M jumped double digits year-over-year, according to August 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
  • Miami August 2023 total home sales are down 8.3% year-over-year in comparison to pre-pandemic August 2019.
  • Short sales and REOs accounted for 0.3% and 0.9% year-over-year, respectively, of total Miami sales in August 2023.
  • Cash sales represented 40.3% of Miami closed sales in August 2023, compared to 39.7% in August 2022.

Miami Home Prices, Household Income Continue to Rise with Wealth Migration; More Inventory Needed for High-Demand Market

Retrieved on: 
Tuesday, August 22, 2023
MLS, Brookings Institution, State, REO, Partnership, Housing, REO Motor Car Company, Average revenue per user, NAR, Internal Revenue Service, Statistics, Multiple listing service, Sale, CoreLogic, United States Census Bureau, Local, Freddie Mac, Growth, News, Population growth, Real estate, Arms industry, Drug, Cryptocurrency, Property management, Citrus, Airline

MIAMI, Aug. 22, 2023 /PRNewswire-PRWeb/ -- Miami-Dade single-family pending sales and total South Florida showing appointments increased year-over-year, according to July 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • "Even with mortgage rates at 20-year highs, Miami real estate continues to show rising single-family pending sales and increasing condo luxury sales," MIAMI Chairman Ines Hegedus Garcia said.
  • Most of the homes purchased in July 2023 came to terms in June when mortgage rates peaked at 6.71%.
  • Even with the elevated rates, Miami-Dade single-family pending sales rose for the second consecutive month, increasing year-over-year from 1,016 to 1,032 transactions.
  • Miami single-family median prices have risen for 140 consecutive months (11.7 years), the longest running-streak on record.

U.S. FORECLOSURE ACTIVITY DIPS IN JULY 2023 WHILE LENDER REPOSSESSIONS CONTINUE TO CLIMB

Retrieved on: 
Thursday, August 10, 2023
Database, REO, Housing, NTS, REO Motor Car Company, File, NOD, NFS, Real estate owned, AL, LIS, Foreclosure, Commercial property, Real estate, Casino, Maid service, MD

IRVINE, Calif., Aug. 10, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its July 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,877 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 9 percent from a month ago but up 5 percent from a year ago. 

Key Points: 
  • "The slight decline in foreclosure filings we are seeing is yet another sign of a rebounding housing market," said Rob Barber, CEO at ATTOM.
  • "With home prices back up, several factors have combined to put more financial resources in the hands of homeowners, providing more options to avoid foreclosure.
  • Nationwide one in every 4,380 housing units had a foreclosure filing in July 2023.
  • Lenders started the foreclosure process on 21,020 U.S. properties in July 2023, down 12 percent from last month and down 2 percent from a year ago.

U.S. FORECLOSURE ACTIVITY SEES SPIKE IN MAY 2023

Retrieved on: 
Thursday, June 8, 2023
Database, REO, Housing, NTS, REO Motor Car Company, File, NOD, NFS, Real estate owned, LIS, Foreclosure, Real estate, Maid service, Commercial property, MD

IRVINE, Calif., June 8, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its May 2023 U.S. Foreclosure Market Report, which shows there were a total of 35,196 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — up 7 percent from a month ago and up 14 percent from a year ago. 

Key Points: 
  • Nationwide one in every 3,967 housing units had a foreclosure filing in May 2023.
  • Greatest numbers of foreclosure starts in Florida, California and Texas
    Lenders started the foreclosure process on 23,245 U.S. properties in May 2023, up 4 percent from last month and up 5 percent from a year ago.
  • States that had the greatest number of foreclosure starts in May 2023 included: Florida (2,901 foreclosure starts); California (2,451 foreclosure starts); Texas (2,286 foreclosure starts); Illinois (1,358 foreclosure starts); and New York (1,287 foreclosure starts).
  • Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in May 2023 included: New York, NY (1,452 foreclosure starts); Chicago, IL (1,163 foreclosure starts); Houston, TX (811 foreclosure starts); Los Angeles, CA (700 foreclosure starts); and Philadelphia, PA (677 foreclosure starts).

Miami Real Estate Luxury Home Sales Continue Surging Ahead of Pre-Pandemic Levels; 45% of All Miami $1M+ Sales Have Happened Since March 2020

Retrieved on: 
Thursday, May 18, 2023
MLS, State, REO, AGI, Partnership, Housing, IRS, REO Motor Car Company, NAR, Statistics, Multiple listing service, Sale, Freddie Mac, News, Real estate, Drug, Cryptocurrency, Property management, Citrus, Arms industry

MIAMI, May 18, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County $1 million+ luxury home sales continued outperforming pre-pandemic levels as total median sale prices rose once again as the market leads the nation in real estate appreciation, according to April 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • About 45% of all Miami luxury sales have happened since March 2020, the start of the pandemic.
  • "Rising mortgage rates and the banking distress in March tripped up April's home sales," MIAMI REALTORS® Chief Economist Gay Cororaton said.
  • Cash sales represented 37.9% of Miami closed sales in April 2023, compared to 43.8% in April 2022.
  • Cash sales accounted for 50.5% of all Miami existing condo sales and 22.7% of single-family transactions.

FORECLOSURE ACTIVITY NATIONWIDE SHOWS SLIGHT DECLINE IN APRIL 2023

Retrieved on: 
Thursday, May 11, 2023
Database, REO, Housing, NTS, REO Motor Car Company, File, NOD, NFS, Real estate owned, LIS, Foreclosure, Commercial property, Maid service

IRVINE, Calif., May 11, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its April 2023 U.S. Foreclosure Market Report, which shows there were a total of 32,977 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 10 percent from a month ago but up 8 percent from a year ago.

Key Points: 
  • Nationwide one in every 4,234 housing units had a foreclosure filing in April 2023.
  • "Foreclosure activity continues to stabilize and even correct itself in 2023, with April showing a 10 percent decrease in overall activity after a 20 percent increase last month," said Rob Barber, chief executive officer at ATTOM.
  • However, this trend underscores the significance of monitoring foreclosure rates and identifying any potential market shifts or trends."
  • Those major metropolitan areas with a population greater than 1 million that had the greatest number of foreclosure starts in April 2023 included: New York, NY (1,711 foreclosure starts); Chicago, IL (1,153 foreclosure starts); Miami, FL (846 foreclosure starts); Los Angeles, CA (829 foreclosure starts); and Philadelphia, PA (747 foreclosure starts).

Miami Real Estate Posts 7th-Best March in County History; Total Sales Surge Ahead of Pre-Pandemic Levels

Retrieved on: 
Friday, April 21, 2023
Citadel, Beacon Council (award), MLS, State, REO, AGI, Partnership, Housing, IRS, REO Motor Car Company, NAR, Statistics, Multiple listing service, Fintech, Microsoft, Florida Department, Sale, Blackstone, Freddie Mac, News, Beacon Council, Drug, Video game, Cryptocurrency, Real estate, Property management, Locksmithing, Rare-earth element

MIAMI, April 21, 2023 /PRNewswire-PRWeb/ -- Miami-Dade County posted its seventh-best March sales month in county history as total sales surged ahead of pre-pandemic numbers and Miami price appreciation led the nation, according to March 2023 statistics released by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • Miami sold 2,513 total homes in March 2023, which is the seventh-most all-time in the month of March in county history.
  • March 2023 total sales are also higher than the Miami-Dade average number of sales in the month of March all-time.
  • Miami total home sales decreased 36.2% year-over-year in March 2023, from a historic 3,939 transactions in March 2022 to 2,513 in March 2023.
  • Short sales and REOs accounted for 0.2% and 0.9% year-over-year, respectively, of total Miami sales in March 2023.

The International Union of Operating Engineers and Built Robotics Renew Training Partnership Through 2026

Retrieved on: 
Thursday, February 23, 2023
Partnership, Built Robotics, International Union of Operating Engineers, IUOE, Veteran, SAN, Robotics, Heavy equipment operator, Union, REO Motor Car Company, Nursing, Rail transport, Built, ITEC

SAN FRANCISCO, Feb. 23, 2023 /PRNewswire/ -- Built Robotics, the inventor of the robotic Exosystem™ and leader in construction autonomy, today is announcing the renewal of its partnership with the International Union of Operating Engineers (IUOE).

Key Points: 
  • SAN FRANCISCO, Feb. 23, 2023 /PRNewswire/ -- Built Robotics, the inventor of the robotic Exosystem™ and leader in construction autonomy, today is announcing the renewal of its partnership with the International Union of Operating Engineers (IUOE).
  • The renewal extends the strategic partnership through 2026, and will continue to put union members in the driver's seat of construction automation.
  • As part of the agreement, the IUOE and Built will continue training Robotic Equipment Operators (REOs) on Built's autonomous construction equipment.
  • "Skilled craft workers built America," said Noah Ready-Campbell, founder and CEO of Built Robotics.

Miami-Dade Pending Home Sales and Showing Appointments Rise

Retrieved on: 
Tuesday, February 21, 2023
Vehicle registration plates of Nepal, United States Postal Service, Florida Department, MLS, Goldman Sachs, Florida Department of Highway Safety and Motor Vehicles, REO Motor Car Company, Compass, Postal, Face, Multiple listing service, Housing, Statistics, News, REO, Sale, Cold wave of January 1977, History, New Yorker, Growth, Partnership, Mail, Beacon Council, Freddie Mac, Global studies, NAR, Citrus, Real estate, Drug, Cryptocurrency, Property management, Locksmithing, Rare-earth element, Bottled water, Redfin, Citadel

MIAMI, Feb. 21, 2023 /PRNewswire-PRWeb/ -- Two leading homebuying indicators – pending home sales and showing appointments— surged month over month in Miami-Dade County as the resilient South Florida market continues to illustrate its unique market demand in the face of elevated mortgage rates, according to January 2023 statistics released today by the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.

Key Points: 
  • It takes up to 40 days for pending sales to close and not all pending sales and showing appointments end in deals.
  • Showing appointments in the Southeast Florida MLS, which is owned by MIAMI REALTORS®, jumped 54.5% month over month to 233,144 showings.
  • Miami-Dade County total pending sales rose 35.5% month over month, from 1,688 in December 2022 to 2,288 in January 2023.
  • It is the first month-over-month rise of total pending sales since August 2022.

U.S. FORECLOSURE ACTIVITY IN JANUARY 2023 CONTINUES TO INCREASE ANNUALLY FOR 21 CONSECUTIVE MONTHS

Retrieved on: 
Thursday, February 9, 2023
Foreclosure, LIS, REO Motor Car Company, NFS, File, Housing, REO, Database, NOD, Real estate owned, NTS, Maid service, Rare-earth element, Real estate

IRVINE, Calif., Feb. 9, 2023 /PRNewswire/ -- ATTOM, a leading curator of land, property, and real estate data, today released its January 2023 U.S. Foreclosure Market Report, which shows there were a total of 31,557 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions – up 36 percent from a year ago, and up 2 percent from the prior month.

Key Points: 
  • While both completed foreclosures and foreclosure starts have stalled slightly over the past month, the annual increase in overall activity seen over the past 21 months may indicate a more substantial trend that could continue into 2023."
  • Highest foreclosure rates in Delaware, Illinois, and Michigan
    Nationwide one in every 4,425 housing units had a foreclosure filing in January 2023.
  • Those states that saw the greatest number of foreclosures starts in January 2023 included: California (2,513 foreclosure starts); Texas (2,136 foreclosure starts); Florida (1,725 foreclosure starts); New York (1,375 foreclosure starts); and Illinois (1,309 foreclosure starts).
  • Among those major metropolitan statistical areas with a population of at least 200,000, those with the greatest number of foreclosure starts in January 2023, included: New York, NY (1,370 foreclosure starts); Chicago, IL (1,156 foreclosure starts); Los Angeles, CA (774 foreclosure starts); Houston, TX (629 foreclosure starts); and Philadelphia, PA (612 foreclosure starts).