Read articles on emerging market trends and the latest statistics from the local Venice real estate market.
There are currently 11 blog entries related to this category.
Monday, February 8th, 2016 at 8:03pm. 7 Views, 0 Comments.
NEW YORK – Feb. 5, 2016 – Steady order growth and strong backlogs should support healthy financials for the U.S. homebuilding sector entering the pivotal spring selling season, according to Fitch Ratings in the latest edition of the "Chalk Line."
The weak Chinese economy, volatile financial markets and an adequate, reasonable cost labor supply are potential impediments, according to the report.
That said, "Low oil prices, robust employment growth, pent-up demand and steep rent increases should help support the housing upturn for at least the next six-to-12 months," says managing director and lead homebuilding analyst Robert Curran. "Additionally, the continued moderate easing in credit standards is enticing more first-time homebuyers to…
Thursday, February 4th, 2016 at 8:44am. 12 Views, 0 Comments.
ATLANTA – Feb. 3, 2016 – According to data from the latest Equifax National Consumer Credit Trends Report, first mortgage originations for subprime borrowers (consumers with an Equifax Risk Score of 620 or below) showed steady growth in the first three quarters of 2015.
During that time, more than 312,000 new mortgages were originated totaling $50.7 billion – an increase of 28 percent in the number of first mortgage originations and 45 percent increase in the total balances year-to-hear.
"While there are many characteristics that define a subprime loan, such as the specific terms of the loan and the lender who issues it, credit standards are becoming more accommodating to meet market demand," says Amy Crews Cutts, chief economist at Equifax.…
Thursday, February 4th, 2016 at 8:43am. 8 Views, 0 Comments.
NEW YORK – Feb. 3, 2016 – Where should real estate investors put their money in 2016? Forbes teamed up with North Carolina-based data company Local Market Monitor to produce its list of 2016 Best Buy Cities – the top 20 housing markets to invest in this year – and Florida dominates the list.
According to Forbes, Florida offers good values "where investors get the best bang for their housing buck, and where aspiring homeowners have the best prospects of making an economically sound purchase."
Orlando took second place and was followed by six other Sunshine State cities. Among them, average home prices are highest in West Palm Beach (No. 19) at $285,000 and lowest in Tampa (No. 14) at $193,000. The averages, though, have been accelerating at a…
Tuesday, February 2nd, 2016 at 11:50am. 5 Views, 0 Comments.
GAINESVILLE, Fla. – Jan. 29, 2016 – Consumer sentiment among Floridians fell a very slight amount in January, dropping to 91.5 from December's 91.6, according to the latest University of Florida (UF) consumer survey.
Among the five components that make up the index, three declined and two increased, with Floridians' view of the economy down for both the short and long term.
Expectations of U.S. economic conditions over the next year fell 1.8 points to 84.1; and the outlook for U.S. economic conditions over the next five years fell 4 points to 86.8. One year earlier, both were higher.
Opinions as to whether it is a good time to buy a big-ticket item fell 1 point to 100.9 but it was still higher in a year-to-year comparison.…
Thursday, January 28th, 2016 at 10:59am. 6 Views, 0 Comments.
MIAMI – Jan. 27, 2016 – Sunshine, beaches and a laid-back lifestyle have made Florida one of the top destinations for retirees looking to live out their golden years in peace and comfort.
Now a new study from WalletHub.com has named the Sunshine State the best place in the U.S. to retire based on its affordability, quality of life and healthcare. The website pointed out that nearly a third of non-retirees have no retirement savings or pension and said it made its choices to help retirees find the states that offered the most bang for their buck.
Rounding out the top five for 2016 after Florida were Wyoming, South Dakota, South Carolina and Colorado.
At the bottom? Vermont, Connecticut, Hawaii, Washington D.C. and Rhode Island.
Here are the…
Thursday, January 7th, 2016 at 9:43am. 31 Views, 0 Comments.
WASHINGTON – Jan. 6, 2016 – The Fed's end-of-year decision to raise the interest rate was presented as the "normalization" of monetary policy and the end of the era of the 2007-2008 financial crisis. Ending seven years of loose monetary policy will not only shape U.S. financial markets but will have profound effects on economies and even politics across the world.
Emerging markets, increasingly dependent on the flood of investment fleeing the United States, will face challenges as the higher interest rates may make them less attractive for foreign investors.
In the eyes of the U.S. Federal Reserve, the financial crisis is over. After a year marked by great uncertainty about future monetary policy, the Fed hiked its headline interest rate by 0.25…
Thursday, January 7th, 2016 at 9:41am. 43 Views, 0 Comments.
NEW YORK – Jan. 6, 2015 – For years, first-time homebuyers have made up around 40 percent of all buyers. However, since the recession, the percentage has been shrinking. In 2015, they made up under 30 percent, according to the National Association of Realtors® (NAR).
The decrease in first-time homebuyers has broad economic implications, housing analysts say. Without first-timers, an entire cycle of homeownership stalls. Current homeowners many times can't sell their homes and move up – and without move-up transactions, many older people can't sell and downsize for retirement.
"In terms of the real estate recovery, the missing link is first-time home buyers," says Rob Chrane, founder and CEO of Down Payment Resource. "They've been at record…
Tuesday, January 5th, 2016 at 3:24pm. 31 Views, 0 Comments.
ORLANDO, Fla., – Jan. 4, 2016 – Positive trends continued for Florida's housing market in November, with more closed sales, higher median prices, more new listings and fewer days on the market, according to the latest housing data released by Florida Realtors®. Statewide closed sales of existing single-family homes rose last month with a total of 18,102, an increase of 1.9 percent over November 2014.
"The Consumer Financial Protection Bureau's Know Before You Owe TILA-RESPA Integrated Disclosure (TRID), which was implemented in early October, may have affected home sales in the last couple of months," says 2015 Florida Realtors President Andrew Barbar, a broker with Keller Williams Realty Services in Boca Raton. "It appears some sales have been…
Monday, December 14th, 2015 at 11:53pm. 108 Views, 0 Comments.
The trend toward smaller, very upscale condominium projects is continuing in Sarasota.
Seaward Development has released a rendering of its Azure on Palm, at 711 S. Palm Ave., and announced that Coldwell Banker Previews ace Roger Pettingell is heading up the sales effort for developer Patrick N. DiPinto III.
Prices range from $1.4 million to $1.8 million for the 16 residences. The groundbreaking is slated for spring of 2016.
“Azure on Palm is all about luxury, lifestyle and location,” said Pettingell. “The fresh and contemporary style of this new project will fit in perfectly downtown Sarasota.”
The condo, designed by DSDG Architects of Sarasota,…
Thursday, December 10th, 2015 at 1:40pm. 47 Views, 0 Comments.
But according to the 2015 Remodeling Impact Report from the National Association of Realtors® (NAR), remodeling projects can also be a major benefit for homeowners who choose to remain in their homes.
"Realtors know that certain home upgrades and remodels can be beneficial to get more buyer eyes on a property, potentially bring in more offers or gain more equity from a home," says NAR President Tom Salomone, broker-owner of Real Estate II Inc. in Coral Springs, Florida. "But remodeling projects are just as valuable to homeowners who simply want to get more joy out of their dwellings. Regardless of the situation, Realtors…