For Sellers
Floridians’ Confidence in Economy Unchanged in August
GAINESVILLE, Fla. – Aug. 28, 2013 – Florida’s consumer confidence level was unchanged in August, matching July’s revised reading of 77, according to a University of Florida (UF) survey. Three of the five categories in the August survey declined, while two increased. Respondents’ perceptions of whether they are in better financial shape now than they…
Read MoreFlorida Leads Nation in Cash-Only Home Sales
MIAMI – Aug. 29, 2013 – Florida led the nation last month with what one expert called an “astounding” rate of all-cash home sales: 66 percent, a new report shows. Investor groups, international buyers, landlords and those in the market for vacation homes are fueling a cash-only market that has virtually shut out entry-level homebuyers,…
Read MoreSouth Florida Home Prices Climbing Back
MIAMI – July 31, 2013 – Seven years after the South Florida real-estate bubble stretched as far as it could, buyers continue to pump more air into the deflated market. New numbers from the S&P/Case-Shiller real-estate index for South Florida show home values up 14 percent this year. That’s the best 12-month gain since July…
Read MoreFlood Insurance History & Reformation
Flooding is the most catastrophic natural hazard and causes, on average, $3 billion dollars in damage annually. In 1936 The Flood Control Act was the first national program aimed at flood damage. In 1965 Hurricane Betsy caused over $1 billion dollars in damage along the Gulf Coast of Florida to Louisiana, and was the first…
Read MoreHomestead Exemption
Homestead Exemption One of the great many advantages of owning a home in the state of Florida is the tax benefit of Homestead Exemption. Every person who purchases and resides in a home in Florida on January 1st and thusly makes this their permanent residence, is eligible to receive a homestead exemption of up to…
Read MoreCondo Association beats Bank in Million Dollar Foreclosure Battle
AVENTURA, Fla. – June 25, 2013 – It is a condominium association’s version of winning the lotto. A big bank missed its deadline to file for foreclosure on a million-dollar condo unit by 10 days. As a result, Peninsula Condominium Association in Aventura will get to keep the condo – a fancy three-bedroom, three-bathroom bayfront…
Read MoreU.S. home prices jumped in April by most in 7 years
WASHINGTON – June 4, 2013 – U.S. home prices increased 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes. Real estate data provider CoreLogic says prices rose in April from the previous April in 48 states. Prices also rose 3.2 percent in…
Read MoreNew-homes sales rise 1.5% in March to 417K
WASHINGTON (AP) – April 23, 2013 – U.S. sales of new homes rose in March to a seasonally adjusted annual rate of 417,000. The increase added to evidence of a sustained housing recovery at the start of the spring buying season. The Commerce Department said Tuesday that sales of new homes increased 1.5 percent. The gain…
Read MoreFlorida Housing Market Continues Positive Trend in 2013
ORLANDO, Fla. – March 21, 2013 – Florida’s housing market reported more closed sales, rising median prices, increased pending sales, more new listings and a reduced inventory of homes for sale in February, according to the latest housing data released by Florida Realtors®. “Each month brings more positive signs for the state’s housing market,” says…
Read More2012 Market Update
The Naples area overall median closed price increased a remarkable 17 percent from $175,000 in 2011 to $204,000 in 2012, according to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The NABOR® 2012 Annual Report provides comparisons of single-family home…
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