by admin | Aug 3, 2015 | Market Data
A 90-room hotel project on Causeway Boulevard in Dunedin is working its way through city and county approvals.
The five-story hotel is slated to occupy a piece of vacant land on the corner of Michael Place, a few blocks from the water and two miles east of Honeymoon Island State Park.
Source: www.bizjournals.com
A 90-room hotel project on Causeway Boulevard in Dunedin is working its way through city and county approvals.
The five-story hotel is slated to occupy a piece of vacant land on the corner ofMichael Place, a few blocks from the water and two miles east of Honeymoon Island State Park.
by admin | Aug 3, 2015 | Market Data
Brien noted that while home prices have recovered from where they were at the trough of the market, there is still a “very compelling opportunity” to make acquisitions. He noted that a recent internal company survey revealed the availability of more than 120,000 homes that fit Starwood’s market profile.
Source: www.reit.com
Brien noted that while home prices have recovered from where they were at the trough of the market, there is still a “very compelling opportunity” to make acquisitions. He noted that a recent internal company survey revealed the availability of more than 120,000 homes that fit Starwood’s market profile.
by admin | Jul 31, 2015 | Market Data
Apartments aren’t just for millennials at Altman Development Corp.
Source: www.bizjournals.com
More and more infill projects are attracting Boomers and Empty Nesters as they are Millennials…these projects provide walkable living in close proximity to shopping, dining and entertainment which are desired amenities as much as lavish pools, pet spas and demonstration kitchens.
by admin | Jul 30, 2015 | Market Data
Although home values are rising, thousands of Tampa Bay homeowners still owe more than their property is worth.
According to RealtyTrac, 24.8% of all bay area borrowers are “seriously” underwater on their homes, meaning they owe at least 25% more than the property’s value.
Only Lakeland, Fla., Cleveland, Las Vegas, Akron, Ohio, and Orlando had higher percentages of underwater homeowners in the second quarter of 2015.
Source: www.nationalmortgagenews.com
Although home values are rising, thousands of Tampa Bay homeowners still owe more than their property is worth.
According to RealtyTrac, 24.8% of all bay area borrowers are “seriously” underwater on their homes, meaning they owe at least 25% more than the property’s value.
Only Lakeland, Fla., Cleveland, Las Vegas, Akron, Ohio, and Orlando had higher percentages of underwater homeowners in the second quarter of 2015.
by admin | Jul 29, 2015 | Market Data
Wall Street firms have found a new way to profit from consumers with blemished credit who can’t qualify for a mortgage: let them rent a home first with the option to buy it later.
Source: www.wsj.com
The friction in this model is in judicial states where these contracts essentially are treated as mortgages thus in the event of default you need to foreclose out the renters interest. One of the other areas of concern is with the upfront option fees that are typically charged. Couple that with poor underwriting and this can start to look predatory. That said, there is a huge need for the product type given the inefficient mortgage market . Well executed, this is a fantastic solution for would be homeowners on the edge of qualifying for conventional loans. As an operator, the yields can be fantastic particularly if you approach on a triple net basis.
by admin | Jul 28, 2015 | Market Data
In its August edition, Kiplinger’s Personal Finance places the community squarely at the top of an unnumbered list of “10 Great Places to Retire in 2015.”
The article touts Sarasota’s combination of being a cultural oasis within Florida, coupled with “miles of white sand beaches, including Siesta Beach and Lido Beach.”
Source: www.heraldtribune.com
In its August edition, Kiplinger’s Personal Finance places the community squarely at the top of an unnumbered list of “10 Great Places to Retire in 2015.” The article touts Sarasota’s combination of being a cultural oasis within Florida, coupled with “miles of white sand beaches, including Siesta Beach and Lido Beach.”
The Sarasota-Bradenton market is fast becoming one of the more desirable places to live by both Boomers and young professionals. With a thriving downtown scene and several luxury apartment projects under construction, there will finally be rental options available that have previously been absent.
Vertica Partners and Framework Group are currently developing 228 units on Fruitville Road and the entrance to the up and coming Rosemary District.
