January 15, 2008. Tampa, Fl.
Some real estate practitioners are carving out a new market niche by specializing in short sales, in which the lender holding a home’s mortgage agrees to accept an offer for less than what’s owed and forgives the rest of the loan.
Read Full story: http://www.floridarealtors.org/NewsAndEvents/n3-010908.cfm
Tampa, Fl. December 19, 2007
A surprising new monthly report suggests that U.S. home foreclosures declined 10 percent in November. “This could indicate that foreclosure activity has topped out for the year,” says RealtyTrac Chief Executive Officer James Saccacio. But “the true test of whether this ceiling will hold will come at the beginning of next year.” Florida, with one filing for every 282 households, ranked second nationwide.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-121907.cfm
Tampa, Fl November 4, 2007
Many Florida homeowners are starting to see more options when it comes to property insurance coverage. Since January, eight insurers have received approval from the state Office of Insurance Regulation to cover Florida homes, with another three companies waiting for the go-ahead.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n4-120307.cfm
Tampa, Fl November 4, 2007
The tax swap may be back. A panel of the Taxation and Budget Reform Commission, a group with the power to put an amendment directly on the November 2008 ballot, is considering a plan to reduce homestead property taxes and cap non-homestead property taxes with a temporary increase in the sales tax. FAR President Nancy Riley serves on the commission.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-113007.cfm
Tampa, Fl December 4, 2007
Disruptions in the mortgage market and tightening credit continued to impact Florida’s housing sector in October, with statewide sales of existing single-family homes totaling 9,165, a decrease of 29 percent from the October 2006 figure. The statewide existing-home median price last month was $222,100.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n1-112807.cfm
Tampa,Fl November 27, 2007
Want to know more about 1031 exchanges? Using these like-kind exchanges instead of selling the property outright will almost certainly save your seller big bucks in taxes, according to an expert in 1031 exchanges.
Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-112607.cfm
Tampa, Fl November 27, 2007.
Continuing to bash a property-tax plan he reluctantly voted for, House Speaker Marco Rubio is now urging supporters to back a citizens’ petition to cap the total amount of taxes paid by every property owner to 1.35 percent of the property’s value.
Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-112607.cfm
Tampa, Fl November 14, 2007
A modest recovery for existing-home sales is expected in 2008 as the impact of the credit crunch subsides, according to NAR’s latest forecast. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, rose 0.2 percent.
Read the full story: http://www.floridarealtors.org/NewsAndEvents/n2-111407.cfm
Tampa, Fl. November 8, 2007.
UF research finds that Florida’s population grows by about 900 people per day; slightly less than the 1,100 per day a few years ago. Top counties by rate of growth, in order: Flagler, Sumter and Osceola. Top growing counties by number of new people, in order: Orange, Miami-Dade and Hillsborough.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-110807.cfm
Tampa, Fl
U.S. House Democrats and Republicans continue to negotiate a possible compromise on legislation that would give bankruptcy judges more flexibility to alter mortgage terms for borrowers facing foreclosure.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-110607.cfm
September 20, 2007. Tampa, Fl.
The Federal Reserve Board’s half-point cut in a key interest rate yesterday surprised most analysts who expected a more modest quarter-point cut. The move should help homeowners with ARMs and perhaps homebuyers considering an ARM.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-091907.cfm
September 19, 2007. Tampa, Fl.
The U.S. Commerce Department reported Wednesday that construction of new homes fell by 2.6 percent in August to a seasonally adjusted annual rate of 1.331 million units – its slowest level in 12 years.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-091907.cfm
Tampa, Fl 9/11/2007
Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to NAR’s latest forecast. Still, “The volume of existing-home sales this year will be better than 2002, which was the second year of the housing boom,” says NAR Senior Economist Lawrence Yun.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n2-091107.cfm
Tampa, Fl 9/10/2007.
The number of homeowners receiving foreclosure notices hit a record high in the second quarter, driven up by problems with subprime mortgages. The delinquency rate, which tracks the number of homeowners with late mortgage payments, was also up sharply.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-090707.cfm
9/07/2007 Tampa, Fl .
Looking for a ray of sunshine in today’s overcast housing market? Here’s one: foreign buyers. The rise of the euro, combined with the decline in U.S. home prices, allows Europeans to buy a U.S. home at the equivalent of 2002 prices.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n5-090707.cfm
Tampa, Fl.
The number of U.S. homes facing foreclosure surged 58 percent in the first six months of the year. Florida was the No. 2 state for homes in some stage of foreclosure, with a total of 64,250, an increase of 77 percent year-over-year.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n5-073107.cfm
Tampa, Fl July 12,2007.
NAR issued its latest forecast: A pickup in existing home sales by the end of 2007 with a recovery in 2008. A rebound in new home sales, according to the forecast, will shadow the resale industry, with a turnaround in 2008. Median existing home prices should drop 1.4 percent in 2007 and rise 1.8 percent in 2008.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n2-071207.cfm
As of 7/12/07 there are 52 Single Family homes for sale in Waterchase ranging from $329,900 for a 2046 sq.ft home to $1,149,900 for a 4929 sq.ft 4 bedroom 5 bath home. The avg. listing price per sq.ft is $208/sq.ft. down from $215 in May 2007 and the avg. days on market(DOM) is 100 down from 118 days in May 2007. So your avg. Waterchase home is 3,128 sq.ft in size and lists for $651,259 and is a 4/3/3. That amount is $32,643 less than the $683,302 avg. price back in May 2007 which is a decrease of 4.7%. Today, I will give you a run down on Mar Azul, Allicante and Savona. In the village of Mar Azul- There are currently 7 listings down from 8 in May 2007 and ranging from $869,900 for a 3737 sq.ft home to $1,149,900 for 4929 sq.ft. home with DOM currently at 119 down sharply from 141 in May 2007. The avg. house is listed at $249 sq.ft. down from $271 sq.ft. and has an avg. price of $949,628 which is down from $1,121,991 in March. Alicante - There are currently 6 listings which is down 1 from May 2007 and ranges from $719,900 for a 2993 sq.ft home to $949,500 for 3408 sq.ft. home with DOM 77 which is down from May's 80 DOM and listing for an avg. of $258 sq.ft. or an avg. price of $864,866. Savona - There are currently 7 listings which is unchanged from May 2007, ranging from $449,900 for a 2438 sq.ft home to $675,000 for a 3000 sq.ft. home with DOM currently at 73 down sharply from 159 DOM in May 2007 and listing for an avg. of $199 sq.ft. which is unchanged from May 2007. The Waterchase Community seems to be slightly favored toward a buyers market but is starting to firm up on the sellers side.
Tampa, Fl. July 10, 2007
Freddie Mac’s top economist released his forecast for 2007 home sales yesterday: a total of 6.28 million new and resale homes for a decrease of 6.7 percent from 2006 numbers.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n4-071007.cfm
July 7th 2007, Tampa, Fl.
Football fans with money represent a new market niche for upscale condos. Most say they would live in the stadium if they could, but instead buy a unit – some selling for over $1 million – that they use only when attending a game.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n4-070507.cfm
