by admin | Oct 27, 2015 | Market Data
Brevard has seen a housing rebound in sales and prices over the past two years, but it’s not millennials fueling that recovery.
Source: www.floridatoday.com
Early in 2015, the U.S. Census Bureau reported that Florida had one of the largest declines in home ownership in the nation during the past decade, going from more than 73 percent at the start of 2005 to just under 65 percent at the end of last year.
The only states with steeper declines were Nevada, North Dakota, Minnesota, Alabama and Arizona.
Last year, the Census Bureau reported Florida had passed New York in population to claim the rank of the country’s No. 3 state, with almost 20 million residents, fueled mostly by people moving into state. For instance, Census data showed that the Sunshine State is gaining about 25,000 more New Yorkers than it loses to New York each year.
by admin | Oct 27, 2015 | Market Data
The good and bad news is that buoyed by a flood of capital, this year will be the biggest for CRE ever, said economist Sam Chandan, Ph.D., during Trigild s recent 15th Annual Lender Conference here.
Source: www.globest.com
Buoyed by a flood of capital, this year will be “the biggest for CRE ever.” as he value of US commercial real estate transactions in the first half of 2015 jumped 36% from a year earlier to $225.1 billion, ahead of the pace set in 2006, according to Real Capital Analytics.
Despite the record numbers, moderate economic growth, an improving labor market and marginally higher interest rates imply more-limited appreciation rates on the horizon.
In this climate, it is more challenging for investors to say no to deals as the tendency is to take the deal.
by admin | Oct 26, 2015 | Market Data
It’s a question most people eventually come to face: Should I rent or buy a home? However, the data that was previously used to answer the question didn’t consider the specifics of the situation facing Millennials. This new study from Trulia takes into account the real variables for young homebuyers, and as it turns out, buying a home is still the better option.
Source: www.housingwire.com
Even with their unique financial and living situations, it is still better for Millennials to buy a home rather than rent in most cities.
This latest edition of Rent vs. Buy considers these Millennial factors. Trulia also assumed a 3.85% mortgage rate on a 30-year fixed-rate loan, itemized federal tax deductions and a 25% tax bracket
by admin | Oct 26, 2015 | Market Data
Source: www.businessobserverfl.com
The Naples area is experiencing a similar issues with homes priced below $300,000. In the area less than 1/3 of the homes currently on the market are below this threshold making home affordability a large challenge.
by admin | Oct 26, 2015 | Market Data
The cost of renting across Tampa Bay is spiking, as many apartments are seeing occupancy rates between 97 and 99 percent.
Source: www.baynews9.com
As renters continue to increase rent hikes from landlords, the option of owning a home may become a more likely and cheaper solution. Like other metro areas, Tampa Bay is experiencing increasing rents, low vacancies and a large number of new projects currently under development.
