by admin | Sep 22, 2015 | Market Data
More than half of Sarasota County’s 52 schools have more students enrolled this year compared with 2014-15.
According to School District attendance counts, 655 more students enrolled in Sarasota schools during the first five days of school than were enrolled during the same time period last year.
That number is expected to rise.
Source: sarasotaheraldtribune.fl.newsmemory.com
More than half of Sarasota County’s 52 schools have more students enrolled this year compared with 2014-15. According to School District attendance counts, 655 more students enrolled in Sarasota schools during the first five days of school than were enrolled during the same time period last year. That number is expected to rise.
This can be directly attributed to the boom that is currently happening in Southwest Florida and bodes well for the region supporting new developments of single family, apartments, retail and office.
by admin | Sep 22, 2015 | Market Data
The ability to get a mortgage has been one of the biggest obstacles to the housing market since the financial crisis, as only the most qualified borrowers were able to get a home loan. Now, that’s changing.
Outstanding home mortgage debt in the U.S. posted a 0.5 percent increase in the second quarter from the year before, the Fed’s financial accounts report on Friday showed. That’s the first year-over-year gain in mortgage debt since 2008, ending a streak of contraction that was unrivaled in data going back to 1949.
Source: www.bloomberg.com
The ability to get a mortgage has been one of the biggest obstacles to the housing market since the financial crisis, as only the most qualified borrowers were able to get a home loan. Now, that’s changing.
Outstanding home mortgage debt in the U.S. posted a 0.5 percent increase in the second quarter from the year before, the Fed’s financial accounts report on Friday showed. That’s the first year-over-year gain in mortgage debt since 2008, ending a streak of contraction that was unrivaled in data going back to 1949.
by admin | Sep 22, 2015 | Market Data
Nearly a decade after the housing crash, homeownership is still waning and renting is on the rise, according to U.S. Census data released Thursday.
Source: blogs.wsj.com
Nearly a decade after the housing crash, homeownership is still waning and renting is on the rise, according to U.S. Census data released Thursday.
The homeownership rate fell to 63.1% in 2014, down from 63.5% in 2013, according to an analysis of the American Community Survey data prepared by Jed Kolko, a senior fellow at the Terner Center for Housing Innovation at the University of California, Berkeley. The homeownership rate peaked at 67.3% in 2006 and has fallen steadily since then.
by admin | Sep 22, 2015 | Market Data
Orlando’s biggest challenge with building-safety violations isn’t in a blighted area. It’s a manicured MetroWest condo community where landscapers weed and security guards check guests.
Source: www.orlandosentinel.com
When conversions go bad.
by admin | Sep 22, 2015 | Market Data
Starwood Waypoint Residential Trust SWAY, +12.70% and Colony American Homes (“CAH”) announced today the signing of a definitive merger agreement (“Agreement”) to combine the two companies in a stock-for-stock transaction. In connection with the transaction, SWAY will internalize the SWAY manager. The combined internally managed company (“the Company”) is expected to own and manage over 30,000 homes and have an aggregate asset value of $7.7 billion at the closing of the transaction. The merger is expected to achieve estimated annualized cost synergies of $40 – $50 million.
Source: www.marketwatch.com
Starwood Waypoint Residential Trust (“SWAY”) and Colony American Homes (“CAH”) announced today the signing of a definitive merger agreement (“Agreement”) to combine the two companies in a stock-for-stock transaction. In connection with the transaction, SWAY will internalize the SWAY manager. The combined internally managed company (“the Company”) is expected to own and manage over 30,000 homes and have an aggregate asset value of $7.7 billion at the closing of the transaction. The merger is expected to achieve estimated annualized cost synergies of $40 – $50 million.
