by admin | Oct 13, 2015 | Market Data
Altisource Portfolio Solutions, a provider of mortgage, financial and technology services for the real estate industry, is expanding with a pair of acquisitions. The company announced Tuesday that it is set to acquire RentRange and Investability. Click the headline for more details.
Source: www.housingwire.com
RentRange is a provider of rental home data and information to the financial services and real estate industries, delivering a wide assortment of address and geography-level data, analytics, and rent-based valuation solutions for single and multifamily properties.
by admin | Oct 13, 2015 | Market Data
St. Petersburg architect Sean Williams has seized the city’s stalemate with the Tampa Bay Rays as a business opportunity.
Source: www.bizjournals.com
In Williams’ vision, the Rays would stay right where they are — albeit in a new 30,000-seat, glass-roofed MLB stadium that would anchor a mixed-use development on the site that currently houses Tropicana Field. Other components would include space for a “corporate or institutional campus,” a hotel, residential development including workforce housing and retail space.
by admin | Oct 8, 2015 | Market Data
Rents are up 3.5 percent in Miami from a year ago, which is among the slowest growth of all major metro areas, according to new numbers from Reis.
Source: miamiagentmagazine.com
The rental market in Miami has been red-hot for some time now, but is it finally tapering off? And what would that mean for homeownership? Also, if Miami starts to slow down, will other Florida markets follow?
by admin | Oct 8, 2015 | Market Data
Many American millennials choose renting over buying, but with rental costs high, it may be time to reassess if it’s really worth delaying homeownership much longer. “Rents have grown at roughly twice the pace of wages” since 2000, according to Zillow research. The same report notes home buyer benefits such as “mortgage interest rates near historic lows and home values that remain below their pre-recession peaks in most areas.” And while you may doubt your ability to afford a house of your own,
Source: www.zillow.com
Millennials: 5 Reasons to Make a Condo Your First Home
by admin | Oct 5, 2015 | Market Data
Source: sarasotaheraldtribune.fl.newsmemory.com
Home buyers in Southwest Florida are still paying with cash at one of the fastest rates in the nation. Several recent studies show the Sarasota-Bradenton metro area maintains a higher percentage of cash buyers than almost anywhere else in the U.S.
It’s a similar situation throughout Florida. Of the 10 metro areas with the highest share of cash purchases in the first quarter, more than half were in Florida, according to real estate analyst Zillow.
‘In Florida, cash is king,’ Zillow said. ‘At the end of the first quarter, seven of the top 10 metros with the highest share of home purchases made in cash were in Florida, up from six at the end of 2014.’
Sarasota-Bradenton ranked second among metro areas in the nation for cash sales, with 58 percent of all home buys closed without financing. That was behind only Miami-Fort Lauderdale’s 59 percent.
