Showing posts with label Miramar Beach. Show all posts
Showing posts with label Miramar Beach. Show all posts
Thursday, May 22, 2014
Prices Going Up In Florida in April Reports!
Fla.’s housing market: Prices, listings rise in April
ORLANDO, Fla. – May 22, 2014 – Florida's housing market reported higher median prices, more new listings and a slight rise in inventory in April, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 21,385 last month, up 4.1 percent over the April 2013 figure.
"Florida's strengthening economy and increased jobs outlook are positive signs for continued growth in the state's housing market," said 2014 Florida Realtors®President Sherri Meadows, CEO and team leader, Keller Williams, with market centers in Gainesville, Ocala and The Villages. "Statewide, new listings for single-family homes in April rose 9.2 percent year-over-year, while new townhouse-condo listings rose 1.4 percent. This increase in listings shows many Florida homeowners are continuing to regain equity in their homes. Potential sellers who were on the sidelines now believe the time is right to put their residences on the market.
"And, for the 29th month in row, median sales prices rose year-over-year for both single-family homes and townhome-condo properties."
The statewide median sales price for single-family existing homes last month was $175,000, up 6.1 percent from the previous year, according to data from Florida Realtors Industry Data and Analysis (IDA) department in partnership with local Realtor boards/associations. The statewide median price for townhouse-condo properties in April was $140,500, up 9.8 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.
According to the National Association of Realtors (NAR), thenational median sales price for existing single-family homes in March 2014 was $198,200, up 7.4 percent from the previous yearthenational median existing condo price was $200,800.In California, the statewide median sales price for single-family existing homes in March was $435,470; in Massachusetts, it was $314,063; in Maryland, it was $245,891; and in New York, it was$217,500.
Looking at Florida's townhome-condo market, statewide closed sales totaled 10,766 last month, down 5.1 percent compared to April 2013. The closed sales data reflected fewer short sales last month compared to the previous year: Short sales for condo-townhome properties declined 57.9 percent while short sales for single-family homes dropped 51.5 percent. Closed sales typically occur 30 to 90 days after sales contracts are written.
"We continue to see the development of a sustainable market here in Florida," said Florida Realtors Chief Economist Dr. John Tuccillo. "The numbers all suggest a balanced market, and the slight uptick in inventory is a correction for the historically low levels we've seen over the past two or three years.
"If there's anything that jumps out of these numbers, it is the rapidly disappearing short sale market. The decline in short sales – a characteristic seen all over the country – is a function of rising prices reducing the number of candidate properties for short sales. We expect this will continue as the market continues to improve."
Inventory was at a 5.7-months' supply last month for single-family homes and at a 6-months' supply for townhouse-condo properties, according to Florida Realtors.
According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.34 percent in April 2014, up from the 3.45 percent average recorded during the same month a year earlier.
Sunday, July 1, 2012
Wednesday, June 27, 2012
Turtles
South Walton’s sugar-white sand beaches are a big draw for visitors, but they’re also home to some of the area’s tiniest residents. During the months of May through October, endangered sea turtles build nests in that sand, and need the help and consideration of human beachgoers in order to thrive and survive.
The two most common species of turtles in South Walton are Green Sea Turtles and Loggerheads. In the late spring and early summer, female sea turtles that were born in South Walton return to build nests. Later in the summer and in the early fall, the turtle eggs in the nests begin to hatch, and the hatchlings use light reflected off the surf to guide them into the ocean. South Walton has a dedicated team to help identify and protect the turtles, but there are things that beachgoers can do to make sure their efforts are a success:
- Prevent all lights from illuminating the beach– Turn off balcony and porch lights and draw blinds each night. Use only flashlights with red film covers (which are available at area businesses and the Visitor Information Center) as sea turtles become disoriented on their crawl back to the surf.
- Look but don’t touch – Do not disturb or handle any sea turtles, their eggs or their nests. All are violations of both federal and state laws.
- Don’t leave holes – Fill in any holes you dig including holes left from sticking poles and beach umbrellas into the sand. This will ensure others don’t get injured and that you don’t create obstacles for nesting sea turtles.
- Keep the beach clean – Reduce litter by disposing of your trash properly and removing all personal items from the beach each night.
Visit South Walton is a proud sponsor of these efforts. To find out more, visit southwaltonturtlewatch.org.
Monday, June 25, 2012
Beautiful Day in Destin, Florida!
Saturday, June 23, 2012
Mortgage Rates Continue To Drop!
Florida Housing Market
The recovery in Florida's housing market continues to grow stronger and stronger. Pending sales up 43.1% for single family homes and up 33.4% for condos/townhomes. Some areas in Florida are having a shortage of inventory which is resulting in multiple offers.
Monday, April 30, 2012
Existing-Home Sales Decline in March but Inventory Down, Prices Stabilizing
Existing-home sales were down in March but continue to outpace year-ago levels, while inventory tightened and home prices are showing further signs of stabilizing, according to the National Realtors Association.
Wonderful Events on the Emerald Coast for May and June! Click on this link to see all that this area offers. Something for everyone!!!
Events on the Emerald Coast in May!
Thursday, April 19, 2012
Monday, April 16, 2012
Monday, April 9, 2012
Friday, January 6, 2012
Retired Moving To Florida In Large Numbers!
Monday, December 19, 2011
Loan Mortgage Rates Tie Record Low!
Tuesday, November 1, 2011
REO Sales
When will REO sales finally reach the peak?
NEW YORK – Oct. 19, 2011 – Properties repossessed through foreclosure may not peak until 2013, HousingWire reports, quoting several analysts and recent reports.
Foreclosure sales are expected to reach 1.48 million properties in 2013, according to analysts from Bank of America Merrill Lynch.
However, with the surge, “we do not expect to see anywhere near the downward pressure on home prices that we had back in 2008, since the expected percent changes in liquidation volumes are so much smaller,” the analysts said.
The increase in foreclosures is expected to mostly change from private banks’ portfolios – which nearly half are from now – to the government’s backlog of properties, with an increase in foreclosures forecasted from Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development’s portfolios. Overall, they are expected to liquidate about 595,000 properties in 2013.
To handle the expected surge, the government continues to consider ideas, including proposals of turning some of the foreclosures into rentals, and a plan from the Federal Housing Finance Agency to refinance more underwater borrowers so they’ll be less likely to walk away from their property.
But some analysts are skeptical that a surge in foreclosures will come without an intervention from the government.
“Do they really think that the government under any administration would let 500,000 homes hit the mark and crash prices all over again, six years after the first crash?” Scott Sambucci, chief analyst at Altos Research, told HousingWire.
Source: “REO Sales May Not Peak Until 2013,” HousingWire (Oct. 17, 2011)
Foreclosure sales are expected to reach 1.48 million properties in 2013, according to analysts from Bank of America Merrill Lynch.
However, with the surge, “we do not expect to see anywhere near the downward pressure on home prices that we had back in 2008, since the expected percent changes in liquidation volumes are so much smaller,” the analysts said.
The increase in foreclosures is expected to mostly change from private banks’ portfolios – which nearly half are from now – to the government’s backlog of properties, with an increase in foreclosures forecasted from Fannie Mae, Freddie Mac, and the Department of Housing and Urban Development’s portfolios. Overall, they are expected to liquidate about 595,000 properties in 2013.
To handle the expected surge, the government continues to consider ideas, including proposals of turning some of the foreclosures into rentals, and a plan from the Federal Housing Finance Agency to refinance more underwater borrowers so they’ll be less likely to walk away from their property.
But some analysts are skeptical that a surge in foreclosures will come without an intervention from the government.
“Do they really think that the government under any administration would let 500,000 homes hit the mark and crash prices all over again, six years after the first crash?” Scott Sambucci, chief analyst at Altos Research, told HousingWire.
Source: “REO Sales May Not Peak Until 2013,” HousingWire (Oct. 17, 2011)
Wednesday, October 5, 2011
Homes for sale declining across South Florida
FORT LAUDERDALE, Fla. – Oct. 5, 2011 – The number of homes and condominiums for sale has steadily declined across South Florida in 2011, frustrating buyers and leading to bidding wars in some cases, real estate agents say.
An October update from Chip Rowand of the Keyes Co. in Weston shows that Broward County has 13,480 single-family homes and condos for sale. In Palm Beach County, there are 15,782 homes and condos on the market.
Those figures are less than half of what they were a few years ago, Rowand said.
“We’re seeing multiple showings and multiple offers if the homes are priced right,” he said. “We need more inventory.”
Analysts expect that’ll happen soon enough as a new wave of foreclosures hits the market.
The foreclosure pipeline slowed considerably last year as banks investigated possible paperwork errors as part of the “robo-signer” controversy. Now lenders are starting to process foreclosures more quickly.
Last week, research firm CoreLogic reported that the so-called shadow inventory of homes for sale declined to 1.6 million in July from 1.9 million a year ago.
Shadow inventory is a hidden supply of homes that are likely to come on the market as a result of foreclosures.
“The steady improvement in the shadow inventory is a positive development for the housing market,” Mark Fleming, chief economist for CoreLogic, said in a statement. “However, continued price declines, high levels of (underwater mortgages) and a sluggish labor market will keep the shadow supply elevated for an extended period of time.”
© 2011 Sun Sentinel (Fort Lauderdale, Fla.), Paul Owers. Distributed by MCT Information Services
An October update from Chip Rowand of the Keyes Co. in Weston shows that Broward County has 13,480 single-family homes and condos for sale. In Palm Beach County, there are 15,782 homes and condos on the market.
Those figures are less than half of what they were a few years ago, Rowand said.
“We’re seeing multiple showings and multiple offers if the homes are priced right,” he said. “We need more inventory.”
Analysts expect that’ll happen soon enough as a new wave of foreclosures hits the market.
The foreclosure pipeline slowed considerably last year as banks investigated possible paperwork errors as part of the “robo-signer” controversy. Now lenders are starting to process foreclosures more quickly.
Last week, research firm CoreLogic reported that the so-called shadow inventory of homes for sale declined to 1.6 million in July from 1.9 million a year ago.
Shadow inventory is a hidden supply of homes that are likely to come on the market as a result of foreclosures.
“The steady improvement in the shadow inventory is a positive development for the housing market,” Mark Fleming, chief economist for CoreLogic, said in a statement. “However, continued price declines, high levels of (underwater mortgages) and a sluggish labor market will keep the shadow supply elevated for an extended period of time.”
© 2011 Sun Sentinel (Fort Lauderdale, Fla.), Paul Owers. Distributed by MCT Information Services
Wednesday, September 28, 2011
Housing Inventory Dropping
Shadow Inventory Drops: ‘Positive Sign for Housing’
Residential shadow inventory is on the decline, falling in July to 1.6 million units and representing a supply of five months, a new report from CoreLogic shows.
One year ago, nationwide shadow inventory stood at 1.9 million units, marking a six-month supply. Shadow inventory is 22 percent lower than the peak reached in January 2010 of 2 million units -- or 8.4 months of supply.
CoreLogic calculates shadow inventory by taking into account the number of distressed properties not yet listed on the multiple listing services that are more than 90 days delinquent, in foreclosure, and real estate owned by lenders.
"The steady improvement in the shadow inventory is a positive development for the housing market," says Mark Fleming, chief economist for CoreLogic. "However, continued price declines, high levels of negative equity, and a sluggish labor market will keep the shadow supply elevated for an extended period of time."
Source: “Shadow Inventory Declines to 5-Month Supply: CoreLogic,” HousingWire (Sept. 27, 2011)
Wednesday, September 21, 2011
Monday, September 19, 2011
Coldwell Banker United Destin Cares
CBU Cares: From dream homes to children in need, CBU Realtors strive to provide
September 17, 2011 1:20 PM
As well as helping homebuyers and sellers with their real estate quests, the agents of Coldwell Banker United are passionate about supporting local charities and children in need.
“Last year, a group of agents got together and created the idea of an internal organization to raise money for charities in the community that they’re passionate about,” said Jamie Huggins, CBU sales manager and broker.
That dream of an informal organization quickly grew into a formal foundation known as CBU Cares. After each sale, each of the 59 agents pledge to make a donation of a certain percentage of their sales commission.
Volunteer CBU Realtors, known as the Vision Council, recently went through agent-submitted applications and decided that Children in Crisis was exactly what they were looking for in their first act of charity as a foundation.
At Wednesday’s sales meeting, CBU Realtors presented Ken Hair, the president and CEO of Children in Crisis, a check for $2,500.
CIC is a nonprofit charity in Fort Walton Beach that provides homes for neglected, abused and abandoned children of the community. Hair said they were very happy and thankful to be selected as CBU Cares’ signature charity.
“The money will go to feed, clothe and care for these children,” Hair said. “It’s because of donations from places like Coldwell Banker that we are able to keep our doors open.”
CBU Cares is an agent-driven foundation with the dream of contributing time and money to local organizations and charities. Coldwell Banker United also supports Habitat for Humanity and breast cancer research through the American Cancer Society.
“One of our five core values is supporting and being a part of the community,” Huggins said, adding that CBU Cares will make an annual donation to Children in Crisis. “That is my dream for this office.”
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