First American Financial Corporation released the Real House Price Index (RHPI) for homes in America. The report traces data to 2000 and is compiled in a way that measures home prices and affordability based on adjusted income and changing interest rates. The RHPI in America is currently 39.6 percent lower than it was during the pre-recession peak in 2006.
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In this monthly column, a member of Miami’s Master Brokers Forum will examine and resolve potential differences that may arise between real estate professionals in the field.
This month’s edition is written by Master Broker Ralph De Martino, broker-president of Ocean International Realty and former president of the Miami Association of Realtors.
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