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	<title>Miami Agent Magazine</title>
	<link>http://miamiagentmagazine.com</link>
	<description>For the well-informed real estate professional</description>
	<lastBuildDate>Fri, 18 May 2012 22:10:47 +0000</lastBuildDate>
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		<title>Survey of Emerging Market Conditions Nothing But Positive</title>
		<description><![CDATA[The Survey of Emerging Market Conditions for 2012&#8242;s first quarter was nothing but positive, showing many good signs for Florida&#8217;s real estate market.
Conducted by the Bergstrom Center for Real Estate Studies in the Warrington College of Business Administration from the University of Florida, the survey sampled 189 participants, making it the most extensive survey of its kind of Florida&#8217;s real estate professionals.
Economically, the survey found Florida&#8217;s market showing substantial signs of growth. In the first quarter alone, the unemployment rate dropped by nearly a full percentage point, and the state ...]]></description>
		<link>http://miamiagentmagazine.com/survey-of-emerging-market-conditions-nothing-but-positive/</link>
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		<title>Midtown Miami Lands $1.4 Million Transaction</title>
		<description><![CDATA[Luxury condo development Midtown Miami&#8217;s sales continue to tower to new heights as the community sees its biggest transaction to date.
The development explained in a press release that they closed on a $1.4 million transaction for one of its 10 luxury penthouses. 
The all-cash transaction buys the future owners a 3,988 square-foot penthouse featuring, &#8220;2,000 square feet of terraces, 22-foot ceilings with with floor-to-ceiling windows and top-of-the-line stainless steel appliances,&#8221; according to the press release.
And because the buyers went with an all-cash transaction, Midtown Miami Sales Director David Staples, explained that ...]]></description>
		<link>http://miamiagentmagazine.com/midtown-miami-lands-1-4-million-transaction/</link>
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		<title>Mortgage Interest Rates Reach Historic Lows</title>
		<description><![CDATA[Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common – that average fixed mortgage rates hit record lows last week.
The 30-year FRM averaged just 3.79 for the week ending May 17, a four basis point decline from the 3.83 percent of the week prior and a substantial drop from the 4.61 percent from last year.
Emilio Palomo, a Realtor with Riteway Properties and the Miami chair of the Master Brokers Forum, an organization of South Florida’s top real ...]]></description>
		<link>http://miamiagentmagazine.com/mortgage-interest-rates-reach-historic-lows/</link>
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		<title>Fannie Mae Research Points to Improved Housing Market</title>
		<description><![CDATA[Fannie Mae bolstered its predictions for the U.S. housing market in its report from the latest Economic &#38; Strategic Research Group.
Housing, the report stated, showed considerable promise in the first quarter of 2012, growing at a rate that &#8220;substantially&#8221; outpaces that of 2011.
Doug Duncan, the chief economist for Fannie, said that even though growth may slow somewhat in the coming weeks, the GSE still feels confident going forward.
“Despite the loss of momentum as we move through the spring months, we expect that home sales will rise slightly more than 7 percent ...]]></description>
		<link>http://miamiagentmagazine.com/fannie-mae-research-points-to-improved-housing-market/</link>
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		<title>Neighborhood LIFT Program is Set to Rejuvenate Florida Housing Market</title>
		<description><![CDATA[ The Neighborhood LIFT program, a major effort to help stabilize neighborhoods profoundly affected by the foreclosure crisis, is coming to Florida, according to an announcement by Wells Fargo &#38; Company.
With a free, large-scale homebuyer workshop at the Miami Airport Convention Center (MACC) from 10 a.m. to 7 p.m., the program will commence in Miami on June 1 and 2.  Miami is the sixth city to launch the Neighborhood LIFT program along with Atlanta, Houston, Las Vegas, Los Angeles and Phoenix.
The program was established to aid communities overcome the two-fold ...]]></description>
		<link>http://miamiagentmagazine.com/neighborhood-lift-program-is-set-to-rejuvenate-florida-housing-market/</link>
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		<title>Foreclosure Activity Lowest in Five Years</title>
		<description><![CDATA[Foreclosure filings, which encompass default notices, scheduled auctions and bank repossessions, were the lowest in April in five years, according to the latest data from RealtyTrac.
The 188,780 filings for April were a 5 percent decline from March and a 14 percent drop from April 2011. Overall, one in every 698 U.S. housing units had a foreclosure filing in the month.
Brandon Moore, the CEO of RealtyTrac, said the declines may be deceptive, given the local nature of foreclosure markets.
“Rising foreclosure activity in many state and  local markets in April was masked at ...]]></description>
		<link>http://miamiagentmagazine.com/foreclosure-activity-lowest-in-five-years/</link>
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		<title>ONE Sotheby&#8217;s Realty Adds Duo to Their Roster</title>
		<description><![CDATA[Miami based agency ONE Sotheby&#8217;s International Realty has welcomed real estate duo Iain Montford and Carlos Garcia. The duo will work out of ONE Sotheby&#8217;s South of Fifth location, and will specialize in the Miami Beach, downtown Miami and Sunny Isles area. 
Both Montford and Garcia have extensive years of real estate experience between them. The duo not only specializes in properties in South Florida, but Garcia also has experience as a top producer in Los Angeles.
Montford, a native of the United Kingdom, is an honors graduate of The Royal ...]]></description>
		<link>http://miamiagentmagazine.com/one-sothebys-realty-adds-duo-to-their-roster/</link>
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		<title>Housing Inventory Stats Down 21 Percent From 2011</title>
		<description><![CDATA[Inventory levels in the U.S. housing market are down 21 percent from last May, according to the newest statistics from Pro Teck Valuation Services.
A real estate valuation firm based in Waltham, Mass., Pro Teck said many of the most depressed local markets in the nation have been seeing increased home sales accompany the falling inventories.
Michael Sklarz, principal of collateral analytics for HomeValueForecast.com, singled out Michigan and Illinois in a HousingWire piece, saying that those states are defying their reputations as &#8220;foreclosure-riddled states&#8221; and have been making substantial strides in reducing their inventories.
Tom O&#8217;Grady, ...]]></description>
		<link>http://miamiagentmagazine.com/housing-inventory-stats-down-21-percent-from-2011/</link>
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		<title>New App Helps Agents/Investors Project Cash Flows</title>
		<description><![CDATA[Residential/CRE Investor, a newly-released app for the iPhone, iPad and iPod touch, is a sophisticated yet user-friendly financial model for evaluating single-family, multifamily and commercial real estate investments
George Mathew, the app&#8217;s creator, said he wanted to create a program that effectively compared financial returns from a number of different products.
&#8220;I needed a model that compares the potential returns of different investment properties with a logic that is consistent with how analysts evaluate other investment options, including equities and corporate bonds,&#8221; Mathew explained.
In addition to its aforementioned features, the app also structures ...]]></description>
		<link>http://miamiagentmagazine.com/new-app-helps-agentsinvestors-project-cash-flows/</link>
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		<title>Housing Starts Data Post Huge Yearly Increases</title>
		<description><![CDATA[Housing starts for privately-owned homes rose by nearly 30 percent year-over-year in April, perhaps the strongest sign yet of a recovery in residential construction.
According to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development, starts were up 2.6 percent from March to April and 29.9 percent from April 2011 to a seasonally adjusted annual rate of 717,000.
Single-family housing starts were also positive, rising 2.3 percent from March to a rate of 492,000.
The Census Bureau also reported on housing completions and building permits in ...]]></description>
		<link>http://miamiagentmagazine.com/housing-starts-data-post-huge-yearly-increases/</link>
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