Venice Real Estate Trends

Read articles on emerging market trends and the latest statistics from the local Venice real estate market.

There are currently 41 blog entries related to this category.

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New homes are bigger than ever

Thursday, June 9th, 2016 at 12:46pm. 81 Views, 0 Comments.

WASHINGTON – June 8, 2016 – The size of the typical American household may be shrinking, but new Census data shows the average size of new homes keeps getting bigger.

According to the 2015 Characteristics of New Housing survey, the median size of a completed single-family home was 2,467 square feet, while the median size of a new single-family home sold was 2,520 square feet.

The main cause behind the supersizing of new homes is quite simply the demand from wealthy buyers, says the New York Times' Upshot blog, pointing out that over 30 percent of new single-family homes clock-in at 3,000 square feet or more.

Buyers' demand for space seems to be concentrated in two areas of the home: the bedroom and the bathroom. While the average American

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Will interest rates go up this month?

Wednesday, June 8th, 2016 at 12:42pm. 65 Views, 0 Comments.

WASHINGTON – June 7, 2016 – Federal Reserve Chair Janet Yellen on Monday sketched a generally positive picture of the economy and labor market, saying Friday's dismal jobs report was "concerning," but policymakers still plan to gradually raise interest rates.

She did not specify whether a rate hike at the Fed's June 14-15 meeting was still feasible, but financial markets are giving less than 5 percent odds of such a move, and Yellen said nothing to alter that view. She also didn't tip her hand on the likelihood of a July rate increase, though fed fund futures say the chances are 27 percent, down from 31 percent before the speech.

Generally, however, Yellen emphasized the labor market's cumulative progress and voiced only measured concern about

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Home improvements: No money down, no credit score

Wednesday, June 8th, 2016 at 9:54am. 70 Views, 0 Comments.

FORT LAUDERDALE, Fla. – June 6, 2016 – Hundreds of home improvements have been funded in South Florida through an innovative program that requires no cash up front and credit scores aren't used to determine eligibility.

It's called the Property Assessed Clean Energy Program – or PACE – and property owners can finance energy efficient and hurricane-hardening improvements for up to 20 years. Loans are repaid as an assessment on the borrower's property tax bill.

Eligible improvements include roof replacement, new air conditioning units, solar panels, solar pool heating, insulation, low-flow plumbing systems, impact windows and hurricane strapping, awnings, and more.

Officials of Ygrene Florida, a California-based company that has quickly

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In the buy vs. rent battle, ‘buy’ is winning

Wednesday, June 8th, 2016 at 9:52am. 54 Views, 0 Comments.

BOCA RATON, Fla. – June 6, 2016 – The latest national index produced by Florida Atlantic University (FAU) and Florida International University (FIU) faculty indicates the United States housing market as a whole is moving deeper into buy territory, suggesting that, on average, residential housing markets around the country are sound.

Based on numbers from the end of the first quarter, the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index comes on the heels of the latest S&P/Case-Shiller Home Price Index, which found home prices nationally climbed 5.4 percent since March 2015.

"This appears to be driven by a steady but strengthening job market, rising rents relative to rising ownership costs and recent slower growth in traditional

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Latest market data proves Florida real estate is still red hot

Thursday, May 12th, 2016 at 11:10am. 65 Views, 0 Comments.

Two more newly-published market reports show that the Florida and Orlando real estate markets are still red hot.

Prices of single-family homes in Florida rose 11.8% year-over-year in the first Quarter of 2016, according to the latest data from Florida Realtors.

At the same time, data specialist CoreLogic shows home prices, including distressed sales, in the Orlando-Kissimmee-Sanford area rose 8.5% in the year to March 2016.

Garrett Kenny, Chief Executive Officer of experienced Central Florida agent and developer, Feltrim Group, says although the exact figures might differ between market reports, it is undeniable that real estate prices in Florida and Orlando are increasing fast.

“Strong property price rises in the Central Florida show that

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Report: Rents rising faster in SW Florida than in nation

Wednesday, May 4th, 2016 at 8:36am. 31 Views, 0 Comments.

Apartment rents grew in Southwest Florida faster than the national average in April a new report by said.The San Francisco-based apartment listing firm calculated the numbers using listings on its website, using same-unit comparisons.

The report isn't seasonally adjusted, but Andrew Woo, data scientist for the company, noted that balmy Southwest Florida is out of lockstep with most places in the nation in temperate climates, where rents tend to slow down in the winter and pick up in the spring and summer.

The other factor driving up rents is heavy migration to Southwest Florida from other states and other parts of Florida.

"That population growth is continuing to drive rent increases in those cities," he said.

In the Naples

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‘Ideal time’ to buy a home say 3 out of 4 people

Tuesday, May 3rd, 2016 at 3:07pm. 43 Views, 0 Comments.

Current and prospective homeowners are increasingly optimistic about U.S. real estate, according to a sentiment survey conducted by Berkshire Hathaway HomeServices. Respondents cited low interest rates, an improving economy and increasing housing inventory as key reasons for their growing optimism.

Three out of four (76 percent) prospective homeowners said this year is a more ideal time to buy a home – an 11-point jump from December.

Overall, downward trends noted in the two previous surveys reversed course: 61 percent of current homeowners and 65 percent of prospective homeowners now see the real estate market as more favorable for sellers and buyers.

"Our data underscores what we're beginning to see across America – that millennials are

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Florida names new insurance commissioner

Tuesday, May 3rd, 2016 at 3:04pm. 83 Views, 0 Comments.

TALLAHASSEE, Fla. May 2, 2016 – You may never have heard of David Altmaier but he could have a significant impact on your life in the next few years.

After a series of public starts and stops on an appointment that consumed two Cabinet meetings, Gov. Rick Scott and the Cabinet members on Friday unanimously agreed to hire Altmaier as Florida's new insurance commissioner. The former Kentucky math teacher immediately takes over the Office of Insurance Regulation (OIR), but Kevin McCarty, the current commissioner, will stay on for two months to aid in the transition.

"I'm humbled by your support," said Altmaier, 34, who has been with the OIR since 2008, mostly recently serving as the deputy commissioner overseeing the property insurance market. "I

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I Don't Want To Go, But Less-Pricey Florida Keeps Calling

Sunday, May 1st, 2016 at 8:46am. 100 Views, 0 Comments.

When I retired five years ago, my wife and I purchased a second residence in Naples, Fla., our winter home away from Avon. As a retiree, my time in Florida has highlighted Connecticut's cost of living.

I moved to Connecticut in the early 1970s. The state did not have an income tax at that time. Of course, today we do. And somehow, we are still in the red. The issue is not taxation (we have income tax, real estate tax, auto property tax, estate tax and sales tax), it's spending. For example, in 2000, Connecticut's annual budget was $12.3 billion. Today, the annual budget is $20 billion and not balanced. That's an $8 billion spending increase.  As a retiree, my issue is simple and complex.

Simply stated, Florida does not have an income tax. My

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Luxury Second Homes for Less

Thursday, April 28th, 2016 at 5:15pm. 93 Views, 0 Comments.

Residents in Sarasota, Sun Valley, Napa Valley and Bellport, N.Y. said they are getting more for their money

George and Silvia Serrano's home near Sarasota, which they bought in 2007. Last year, they bought a nearby 1/2-acre parcel of land for $235,000 and are in the process building a new home on it. Betsy Hansen for The Wall Street Journal ... Sarasota once ...

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