Government lowers maximum amount for Freddie, Fannie and FHA loans | | St. Petersburg Times - 7/7/2011 |
Starting Oct. 1, home buyers seeking government-insured mortgages will have to pick lower-priced houses if they want the federal government to back the loans. The new limits were supposed to take effect in January 2009, but the economic downturn led Congress to delay the implementation. In the Tampa Bay area, the FHA is reducing the maximum insured loan for single-family homes from $292,500 to $271,050. | | View article from the Source Website... |
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When will the foreclosure crisis end? | | Herald Tribune - 7/6/2011 | It has been said so often that it is accepted as fact: In order for the real estate market to "recover," the glut of foreclosed upon properties must be cleared. n "Let the market work." So said a panel of experts speaking at the National Association of Real Estate Editors' annual journalism conference here, in a discussion titled "Foreclosure Crisis: When Will It End?" n Two of them, anyway. | | View article from the Source Website... |
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Would-be investors find few condos for sale | | Herald Tribune - 7/4/2011 |
Clients from New Jersey told Shannon Moore a couple of months ago that they wanted to spend at least $3 million to make bulk condominium purchases in Southwest Florida. Eager to earn a healthy commission, Moore scoured the region for blocks of at least 50 unsold units, but she came up empty. | | View article from the Source Website... |
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Home prices fall again in May | | Gulf Coast Business Review - 6/21/2011 |
Existing single-family home sales in Florida increased by 3% in May 2011 relative to the prior year, but the statewide median sale price fell 5%, according to the latest data from Florida Realtors. The median price fell in both the Sarasota-Bradenton and Tampa-St. Petersburg-Clearwater markets, with respective decreases of 8% and 11% in those locations. | | View article from the Source Website... |
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Former Trump Tower site sold | | Gulf Coast Business Review - 7/6/2011 | TAMPA — Brownstone Tampa Partners LLC bought the former site of Tampa Trump Tower, along with an adjacent office complex known as the CapTrust building, for $5 million. | | View article from the Source Website... |
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Foreclosures up in April | | Gulf Coast Business Review - 6/28/2011 | Roughly 12% of all outstanding mortgage loans in Southwest Florida’s three major metros — Tampa-St. Petersburg-Clearwater, North Port-Bradenton-Sarasota, and Cape Coral-Fort Myers — were in some state of foreclosure in April, according to the latest data from CoreLogic. | | View article from the Source Website... |
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Unemployment down in metros | | Gulf Coast Business Review - 6/29/2011 |
Each of Southwest Florida’s three major metro areas — Tampa-St. Petersburg-Clearwater, North Port-Bradenton-Sarasota, and Cape Coral-Fort Myers — saw its unemployment rate decrease in May, according to the latest data from the U.S. Bureau of Labor Statistics, released this morning. | | View article from the Source Website... |
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Tampa home prices down 12% | | Gulf Coast Business Review - 7/5/2011 |
Distressed sales — that is, foreclosure and short sale transactions — pushed home prices lower in the Tampa-St. Petersburg-Clearwater metro area in May, down 12.71% over the year according to an index monitored by CoreLogic. CoreLogic also tracks price changes for non-distressed sales, which fell just 1.42% in the Tampa Bay area. | | View article from the Source Website... |
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Southwest Florida Blue Star Mothers and BB&T Team Up to Create “Welcome Home” Package for Returning Soldiers | | The Bradenton Times - 6/25/2011 | Imagine how a soldier who was deployed in Afghanistan feels after flying for hours over the vast spans of an ocean. Exhausted from the flight, they finally arrive at a military base in the middle of the night. Relieved to be in a familiar setting and sleeping safely for the first time in months, they quickly locate their bunk anxious for their head to hit a comfy pillow. But the mattress is bare – there are no sheets, no pillow, no blanket, not even a tooth brush for them to use upon arrival. | | View article from the Source Website... |
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Florida Green Building Coalition Presents Manatee with Green Government Certification | | The Bradenton Times - 6/27/2011 | Manatee County Government received its Green Local Government Certification through the Florida Green Building Coalition. Dr. Jennifer Languell, past president of the Florida Green Building Coalition, executive director of the Coalition, presented the certification to Manatee County Commissioners this afternoon. | | View article from the Source Website... |
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Developer scraps plans for housing and offices at the old Toytown landfill | | St. Petersburg Times - 6/17/2011 |
Developers who wanted to build thousands of homes and offices on the old Toytown landfill are pulling out of the $870 million venture. The project, first proposed in 2008, fell victim to the recession, financial troubles of a partner and the environmental hurdles that come with building atop an old 247-acre landfill. | | View article from the Source Website... |
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Alan Thompson Speaks on Social Media at Lakewood Ranch, Florida, Seminar | | PR.COM - 6/17/2011 | Sarasota, FL, June 17, 2011 --( PR.com)-- Social media is here to stay and Realtors need to “catch the wave” before it’s too late, said motivational speaker Alan Thompson at a recent seminar sponsored by CornerStone Title. He spoke at the Polo Grill before a group 110 real estate professionals representing 39 companies from Sarasota and Manatee counties. | | View article from the Source Website... |
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Inventory of South Florida homes for sale falls, as buyers zero in on Palm Beach County | | The Palm Beach Post - 6/17/2011 |
From deluge to dearth, South Florida's real estate market is shrinking as the number of homes for sale drops to its lowest amount since the economic bust of 2008. About 49,900 residential properties in Palm Beach, Broward and Miami-Dade counties were listed for resale as of June 13, according to a report today from the Miami-based consultancy group Condo Vultures. | | View article from the Source Website... |
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Tampa Bay, state foreclosure rates not as grim as predicted | | St. Petersburg Times - 6/17/2011 |
Real estate experts for several months predicted that foreclosures in Tampa Bay would rise as lenders cleared a backlog of filings containing improper signatures. | | View article from the Source Website... |
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Foreclosures continue down in most of Southwest Florida | | Herald Tribune - 6/16/2011 |
Foreclosure filings continued to sink in most of Southwest Florida during May, with only small signs that processing delays were ebbing and some banks were pushing inventory into the marketplace. | | View article from the Source Website... |
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Lakewood Ranch Spawns $100M in Commercial Growth | | GlobeSt.com - 6/16/2011 |
LAKEWOOD RANCH, FL-Lakewood Ranch is seeing new development this year that will infuse more than $100 million into Florida’s west coast. Schroeder-Manatee Ranch, developers of the master-planned community, has attracted several private groups to develop a mix of homes, apartments, retail stores, schools and government offices there. | | View article from the Source Website... |
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Residents, not just residential units | | Tampa Tribune - 6/15/2011 |
No, it certainly didn't unfold according to script, but the Towers of Channelside, as we have learned, has finally sold out. What had become a real estate flipper's nightmare is now a 257-unit sellout. Sure, the prices were drastically discounted, and nobody made a killing. But at least there's one fewer Potemkin Village residential project. What's critically important for the Channel District/downtown region, however, is that today's bargain-hunter buyers plan to live there. That's certainly the word on the Towers. | | View article from the Source Website... |
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Foreclosures fall for 8th straight month | | CNN.com - 6/16/2011 |
NEW YORK (CNNMoney) -- Foreclosure filings experienced their eighth straight month of declines, according to RealtyTrac. In May, filings fell 33% from a year earlier and 2% month-over-month, according to the online marketplace of foreclosed properties. The number of homes that were repossessed (referred to as REOs or real estate-owned properties) in May also declined to 66,879, down 3.8% from April and 29% year-over-year, the firm said. | | View article from the Source Website... |
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Sarasota real estate picks up | | Gulf Coast Business Review - 6/15/2011 |
SARASOTA — Although total sales are up just 4% over the year, the Sarasota residential real estate market is reporting one of its best months in terms of volume since late 2005. With 796 properties sold, the Sarasota Association of Realtors says May 2011 saw the second-highest number of property sales in the past six years. | | View article from the Source Website... |
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RE/MAX: Home Prices Hang Tough | | www.UPI.com - 6/15/2011 |
Year to year prices in May are still 7.2 percent below those of a year ago, but they've virtually the same as April's on a year to year basis. However, the number of closed transactions and price also increased from April to May.
The month-to-month findings from the May RE/MAX National Housing Report gave the international real estate franchise a reason to hope the trend will continue. | | View article from the Source Website... |
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Census 2010 Look at Florida Population | | News-Press.com - 6/14/2011 | This tool published by News-Press.com takes a look at the 2010 Florida Population based upon the 2010 Census | | View article from the Source Website... |
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UF study sees million-plus in Lee | | News-Press.com - 6/13/2011 |
More than 1 million people are projected to be living in Lee County within 25 years, according to a study released Monday by the University of Florida. | | View article from the Source Website... |
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Short Sales continue to decline | | Herald Tribune - 6/14/2011 | In May 2011 property sales in Sarasota, Manatee, and Charlotte Counties contiued to improve over 2010. However, the continued decline in short sales brought the tri-county year-to-date increase down to just 3% compared to 2010. | | View article from the Source Website... |
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Ft. Myers real estate improves | | Gulf Coast Business Review - 6/14/2011 |
FORT MYERS — As traditional sales take up an increasingly larger share of activity in the Fort Myers real estate market, median prices are stabilizing, and in some cases moving upward, according to the Realtor Association of Greater Fort Myers and the Beach Inc. | | View article from the Source Website... |
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Most Polk Homeowners Underwater | | The Lakeland Ledger - 6/14/2011 |
LAKELAND | More than half of Polk County homeowners with mortgages owe more than what their house is worth, and that's more than double the national average. A total 59,977 residential properties, or 51.2 percent of Polk homes with mortgages, were in negative equity in the first quarter of 2011, according to a recent report by CoreLogic, a California-based data service. | | View article from the Source Website... |
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