by admin | Sep 23, 2015 | Market Data
lorida’s housing market continued its positive track in August with more closed sales, higher median prices and a tightening inventory, according to the latest housing data released by Florida Realtors. Closed sales of existing single-family homes statewide totaled 23,605 last month, up 8.6 percent over August 2014.
Source: www.multifamilybiz.com
Florida’s housing market continued its positive track in August with more closed sales, higher median prices and a tightening inventory, according to the latest housing data released by Florida Realtors. Closed sales of existing single-family homes statewide totaled 23,605 last month, up 8.6 percent over August 2014.
by admin | Sep 22, 2015 | Market Data
The biggest landlord for U.S. single-family homes can’t ignore the lackluster performance of several publicly traded competitors.
Source: www.institutionalinvestor.com
The underperformance of players in the single family rental space is dragging down the industry as a whole. The issue stems not from the value of the assets as most of the groups purchased at the right time, but the management intensive nature of the business is (and has been) the most difficult hurdle to overcome.
by admin | Sep 22, 2015 | Market Data
A building boom that has created a major new shopping destination, thousands of additional homes and increasing traffic has caught the attention of Sarasota County residents, who are beginning to wonder if the region is growing too fast.
Source: sarasotaheraldtribune.fl.newsmemory.com
A building boom that has created a major new shopping destination, thousands of additional homes and increasing traffic has caught the attention of Sarasota County residents, who are beginning to wonder if the region is growing too fast.
Often times people are afraid of new or different and this is especially true when it comes to new development. Whether the region is actually growing to fast can be debated, but it appears the growth is being completed in a well thought out manner and should be beneficial for the entire region in both the short and long term.
by admin | Sep 22, 2015 | Market Data
The shrinking stock of properties for sale sent home sale prices soaring in Southwest Florida last month.
But buyers shrugged off that 21 percent jump in singlefamily home prices as sales increased 5 percent over the year, according to data released Monday by the Florida Realtors trade group.
The steadily tightening inventory has created a sellers’ market, with buyers forced to make quicker decisions while homes attract multiple bidders.
Source: sarasotaheraldtribune.fl.newsmemory.com
The shrinking stock of properties for sale sent home sale prices soaring in Southwest Florida last month. But buyers shrugged off that 21 percent jump in single family home prices as sales increased 5 percent over the year, according to data released Monday by the Florida Realtors trade group. The steadily tightening inventory has created a sellers’ market, with buyers forced to make quicker decisions while homes attract multiple bidders.
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.
