Read articles on emerging market trends and the latest statistics from the local Venice real estate market.
There are currently 32 blog entries related to this category.
Thursday, April 28th, 2016 at 5:15pm. 19 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 ...
To read more goto: http://www.wsj.com/articles/luxury-second-homes-for-less-1461851863
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Thursday, April 21st, 2016 at 4:46pm. 3 Views, 0 Comments.
Realtors, and their marketing departments, have a fairly new tactic in the battle for buyers: Storytelling. Every older house has a story. The vintage property where prominent early residents once lived. The family home in the suburbs, where kids once played but no longer fits "just the two of us." The grand waterfront mansion that is going on the market because its owners couldn't freeze the calendar and now have to downsize.
“People want to project a lifestyle,” said Tracy Eisnaugle, regional marketing director for Premier Sotheby’s International Realty. “They fall in love with the feeling.”
By telling a story, she added, “We are trying to touch something that evokes the buyer.”
A half-block from Little Sarasota Bay, a 1924…
Friday, April 8th, 2016 at 11:41am. 29 Views, 0 Comments.
South Florida homeowners have little to fear in the way of falling prices, new data show. The likelihood of price declines in Palm Beach County in the next two years is 3 percent, according to a report from Arch Mortgage Insurance Co., a private mortgage insurer based in Walnut Creek, Calif.
Broward and Miami-Dade counties and 22 other areas in Florida have a 2 percent chance of price declines. The national average is 5 percent. "I'm bullish," said Ralph DeFranco, chief economist for Arch. "I think it's a good time to buy. Interest rates are low, so buyers should lock in while they can."
The Arch risk index analyzes median home prices from the Federal Housing Finance Agency while factoring in regional unemployment rates, affordability, change…
Tuesday, April 5th, 2016 at 2:10pm. 14 Views, 0 Comments.
WASHINGTON (AP) – April 4, 2016 – U.S. construction spending fell in February by the largest amount in three months. Weakness in nonresidential construction and government offset the strongest month for home construction in more than eight years.
Construction spending fell 0.5 percent in February following a 2.1 percent January gain, the Commerce Department reported Friday. Spending declines on construction of factories, communication facilities and other nonresidential activities fell by 1.3 percent in February. Spending on government projects was down 1.7 percent.
Those declines overshadowed a solid 0.9 percent rise in home construction, which pushed that sector to the highest point since October 2007.
Home construction has been a bright…
Tuesday, April 5th, 2016 at 10:55am. 13 Views, 0 Comments.
Home prices in Southwest Florida continue to advance at a double-digit clip. Single-family homes prices increased 10.2 percent in February over the year in the Sarasota-Manatee region, data provider CoreLogic reported Tuesday. Prices jumped an even more robust 13.3 percent in Charlotte County. Home prices climbed 10.2 percent throughout Florida in February, the third-highest rate in the nation.
for more info goto: http://goo.gl/w1DwC4
Thursday, March 31st, 2016 at 2:55pm. 23 Views, 0 Comments.
TALLAHASSEE, Fla. – March 30, 2016 – Venice Endsley and her husband, Robert, had what a court described as an "intact, congenial marriage" for more than 60 years.
In the 1980s, Venice Endsley signed over her rights to a home in Huntington, Ind., to her husband. In turn, Robert Endsley signed over his rights to a home in Lauderdale-By-The-Sea to his wife. Venice Endsley had a homestead exemption on the Florida home, while her husband received a similar exemption on the Indiana home.
But the Broward County property appraiser learned of the arrangement in 2006, leading to a dispute that resulted Wednesday in an appeals court ruling that Venice Endsley was not entitled to receive the Florida homestead exemption. In doing so, the court waded into…
Wednesday, March 30th, 2016 at 11:27am. 21 Views, 0 Comments.
WASHINGTON (AP) – March 29, 2016 – U.S. home prices climbed at more than double the rate of incomes in January, a trend that could ultimately create affordability challenges for buyers.
The Standard & Poor's/Case-Shiller 20-city home price index rose 5.7 percent from a year earlier, a slight increase from the 5.6 percent annual increase in December, according to a report Tuesday.
"The pace of U.S. home value growth has been picking up bit-by-bit over the past few months, driven in large part by stubbornly low inventory in most markets that creates competition and drives up prices for those homes that are available," said Svenja Gudell, chief economist at the real estate firm Zillow.
Home values have risen 2.6 times faster than average hourly…
Tuesday, March 29th, 2016 at 11:35am. 23 Views, 0 Comments.
SARASOTA COUNTY -- The Sarasota metropolitan region once again figured among America's 20 fastest-growing urban areas, cinching the 11th spot on the list by adding enough new residents last year to create another city the size of Venice, according to census figures released today.
In a population spike reminiscent of the pre-housing-bust days, the metro region defined by Sarasota and Manatee counties swelled by an estimated 20,123 people between mid-2014 and mid-2015, for a growth rate of 2.7 percent.
for the complete article go http://extra.heraldtribune.com/2016/03/24/sarasota-manatee-no-11-in-u-s-for-growth-census-says/
Tuesday, March 29th, 2016 at 11:04am. 18 Views, 0 Comments.
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Tuesday, March 29th, 2016 at 11:00am. 17 Views, 0 Comments.
ORLANDO, Fla. – March 21, 2016 – Florida's housing market reported increased new listings, rising median prices and fewer all-cash closed sales in February, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 18,159 last month, remaining relatively the same (up 0.4 percent) as the February 2015 figure.
"Realtors across the state are reporting great interest from buyers, but with inventory levels still tight for single-family homes, the search can take time,' said 2016 Florida Realtors®President Matey H. Veissi, broker and co-owner of Veissi & Associates in Miami. "New listings increased in February, which is good news for would-be buyers: for existing single-family homes,…