Real Estate News
« Previous EntriesWhere prices have dropped, homes start to sell
Wednesday, August 6th, 2008By James Thorner, Times Staff Writer
Published Thursday, April 24, 2008 10:19 PM
Back in March 2006, when home sales in Tampa-St. Petersburg-Clearwater were taking an icy plunge of 26 percent, Ocala, Tallahassee, Gainesville and Jacksonville were still basking in the warmth of rising home sales.
But those cities couldn’t insulate themselves from the chill of the housing [...]
So What Happened and…How Low Can We Go?
Wednesday, August 6th, 2008Thursday, April 24, 2008 - By Stefan Swanepoel
In the initial stages of a Recession (yes everywhere people are now referring to the “R” word), sellers remain under an illusion of inflated home values regarding the real value of their property. This false impression of value leads to a drop in sales as buyers respond [...]
As housing falls, short sales becoming common
Wednesday, April 16th, 2008Buyers can get deals, but process usually takes much more time
By Jane Hodges
MSNBC contributor
updated 7:29 a.m. ET, Tues., April. 8, 2008
The Village at Green River in Corona, Calif., began marketing 19 newly-built townhouses in July 2007, just as the national real estate market began flagging. The average price of the homes, which vary in size [...]
Now is the Best Time to Buy a New Home!
Saturday, April 12th, 2008Existing Home Sales Rise 2.9% In February, 2008
Source: National Association of Realtors, March 24, 2008
Demand for Florida Housing will Increase.
In 2008, more than 300,000 people will move to Florida, generating a demand for 150,000 for-sale and rental homes.
Source: floridarealtors.org, “2008: Moving in the Right Direction”
There are 76 million baby boomers born between 1946 and 1964. [...]
State officials confident Florida real-estate sales will rebound
Friday, April 4th, 2008By Steve Liner
BUSINESS MATTERS EDITOR
• March 27, 2008
When Florida’s Realtors hosted lunch in the Capitol courtyard Wednesday, they were hoping for good news to go with their Chinese chicken salad. Elected officials gave them a feast.
“Sales in Florida were up 23 percent in February over January,” said Florida Association of Realtors (FAR) President Chuck Bonfiglio [...]
Survey of Florida’s Emerging Market Conditions
Wednesday, April 2nd, 2008Despite the growing concerns about recession, residential foreclosures, falling house prices and disruption of financial markets, our survey respondents maintain an unchanged, even slightly positive view of investment in Florida real estate at this time.
Mortgage Glossary
Tuesday, April 1st, 2008adjustable-rate mortgage (ARM)
A mortgage that changes interest rate periodically based upon the changes in a specified index.
adjustment date
The date on which the interest rate changes for an adjustable-rate mortgage (ARM).
adjustment period
The period that elapses between the adjustment dates for an adjustable-rate mortgage (ARM).
amortization
The repayment of a mortgage loan by installments with regular payments to [...]
Local Realtor Featured
Sunday, March 30th, 2008Alison Markham, GRI, Realtor® received recognition in the new edition of:
Marketing Without Advertising
Click above to read an excerpt.
National home sales rise, but prices plummet
Thursday, March 27th, 2008Published Monday, March 24, 2008 8:46 PM Sales of existing homes increased unexpectedly in February after six months of decline, but economists said it was too soon to say if the prolonged national housing slide is ending.
The National Association of Realtors said sales of existing homes rose by 2.9 percent in February to a [...]
Existing Home Sales Rise In February 2008
Tuesday, March 25th, 2008WASHINGTON, March 24, 2008 -Sales of existing homes increased in February and remain within a fairly stable range, according to the National Association of Realtors®.
Money Magazine Votes Citrus County top 25
Monday, March 24th, 2008Money Magazine’s Best Places to Live
Best places to live
Where the jobs are
Employment is an important factor when it comes to choosing Money Magazine’s Best Places to Live. These 25 counties have experienced the most job growth over the last six years.
Number 16. Citrus County, Fla.
Towns include: Homosassa Springs, Sugarmill Woods, Beverly Hills, Inverness, Crystal River, [...]
Florida Tax Amendment 1 FAQs
Sunday, March 23rd, 2008Q: When will the changes from Amendment 1 show up on tax bills?A: For those who are eligible, benefits from portability, the additional homestead exemption and the $25,000 exemption for tangible personal property will show up on 2008 tax bills.
The upside of Florida real estate: 20 market positives
Friday, March 21st, 2008The upside of Florida real estate: 20 market positives
Let’s take a look at some of the opportunities and positive indicators for the future of Florida’s real estate market.
The Top Ten Reasons It’s a Great Time To Buy Real Estate!
Tuesday, March 18th, 2008by Paul Pastore
1) Selection, selection, selection. There are about 57,000 resale homes on the market in Maricopa county(Phoenix). Regardless of the price range a buyer desires, there are plenty of houses from which to choose.
Top 7 New Home Buying Mistakes
Sunday, March 16th, 2008by Joshua Ferris
Buying a new home is great! You get to choose where your home will be built, add a sunroom here, third garage bay there and before you know it you are moving into your dream home. With all the options to choose from it is very easy to overlook crucial elements to your [...]
Speed Sales: Prelisting Home Inspections Do the Trick
Sunday, March 16th, 2008by Dan Steward, President, Pillar To PostNot so long ago, home sellers were being bombarded with multiple offers. They didn’t have to worry much about the condition of a home in order to ensure a smooth and quick sales transaction. In today’s market, realtors are creating new strategies and are working even more closely with [...]
Real Estate Investment 101: Becoming a Landlord
Sunday, March 16th, 2008by Eric Bramlett
When you decide to buy a piece of real estate in order to pursue a business as a landlord, you are making an exciting and potentially financially-freeing decision. After all, simply owning real estate is an excellent investment. In addition, taking this real estate and turning it into an apartment or other form [...]
3 Key Ways to Buy Foreclosed Properties
Thursday, March 13th, 2008It’s not as easy as the infomercials make it look
By Alex Markels
Posted February 13, 2008
More than a million foreclosed and “distressed” properties are expected to hit the market this year, from two-bedroom starter homes to 20-room mansions. But while the banks that own many of them are now preparing to sell them en masse [...]
Lenders Unite In Crisis Plan - Project Lifeline
Monday, March 10th, 2008Six companies agree to extend help to homeowners on the brink of foreclosure.
These big mortgage companies want to throw out a lifeline to struggling customers.
With fanfare and the blessings of the Bush administration, the companies
launched “PROJECT LIFELINE”
Companies; Bank of America, Citigroup, Countywide, JPMorgan Chase, Washington
Mutual and Wells Fargo:
Must be: Owner- Occupied homes, the property cannot [...]
8 tips for pricing your home in a buyer’s market
Saturday, March 8th, 2008By Dana Dratch • Bankrate.com
It’s tough being the seller in a buyer’s market. But you can improve your odds with the right research. In many cases, making a smart deal and getting the best price comes down to studying your market and being an educated seller.
“You’ve got to know more than you would have [...]