Posts Tagged ‘homes’
Rising number of foreclosures emptying homes
Rising number of foreclosures emptying homes
Bloomberg News Tuesday, July 27, 2010 BOSTON — About 18.9 million homes across the country stood empty during the second quarter as surging foreclosures helped push ownership to the lowest level in a decade. The number of vacant properties — including foreclosures, residences for sale and vacation homes — rose from 18.6 million in the year-earlier quarter, a Census Bureau report said Tuesday …
Read more on St. Petersburg Times
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Posted in Florida Foreclosures | 
Tags: emptying, Foreclosures, homes, Number, Rising | 
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Florida Real Estate – Types Of Homes
Florida real estate offers more than just single family homes or condominiums. To meet the requirements of the different types of real estate investors, there are different types of properties being constructed throughout Florida.
Beach Homes: Beach homes are ideally located near the beautiful beaches that surround Florida. They are located near the Gulf and Atlantic beaches. Beach homes are ideal for those who are looking for a different living style in their advancing years or holidays. These houses offer good investment options too. After all, Florida real estate is one among the top real estate markets that have been maintaining a steady growth in the recent years.
Luxury homes: Luxury homes are the big fishes in Florida real estate. There are customized luxury condos and large exclusive single family homes that suit the requirements of differently sized families or income levels. There are special mansions and grand estates also for those require luxury in the finest form. All the major cities including Clearwater, Tampa, St. Petersburg, etc., offer luxury homes of various styles and price ranges.
Master Planned Communities: These are the large home communities that are systematically constructed and managed by the respective authorities. All of these are provided with the typical community facilities such as parks, swimming pools, spa, club, gymnasium, etc. More advanced communities are provided with additional features such as boat slips or country clubs. Because of the large population centered in these communities, almost all utilities such as schools, banks, hospitals, shopping malls, etc., are at hand’s reach to the residents. There are well-known communities constructed by reputed builders in Florida with a view to accommodate a large number of people by utilizing the land and resources in its finest form. There are differently sized houses, with different floor plans and appropriate prices.
Retirement Community: There are different types of houses offered for the adult community who are looking towards spending the evenings of their life in fruitful manner. There are special single family homes, villas, condos, that suit different category of senior citizens. These houses are provided with recreational facilities such as golf clubs and fitness centers, spa, pool, etc. All the utilities such as shopping malls, banks, theatres, etc. are at close proximity to these houses.
Modular Homes: These are otherwise called the system-built homes. These homes are built inside the factory in parts and are carried to the respective sites where they are transferred to the local builders. The modular homes satisfy all the prerequisites that are required for the construction of a normal house, and they are subject to the regulations of a normal home built in that area. The most important aspect of these homes is that the construction can be carried out within days provided the builder procures the parts from the factory.
As you can well see there are many different choices in home styles for every budget in Florida. Finding one that meets your specific requirements is easy. Spend some time with your Florida real estate agent going over the pros and cons of each type of housing style and you will begin to determine which type of home style is right for you and your family.
Bob Lipply sells Tampa Real Estate but specializes in Pinellas County Real Estate and Westchase Real Estate.
Posted in Jacksonville Florida Real Estate |
Tags: estate, Florida, homes, real, Types |
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Florida homes: Will luxury real estate ever rise again?
Florida homes: Will luxury real estate ever rise again?
Florida homes were the craze in the 1920s, then prices crashed and didn’t fully recover until the ’40s. The current bust could be worse.
Read more on The Christian Science Monitor
Posted in Florida Mortgage |
Tags: again, estate, ever, Florida, homes, luxury, real, rise |
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Short Sale Foreclosure – Cheap Homes For Sale In 2010
Where are the cheapest homes for sale? Investors with deep pockets are picking up homes for 50% of current market value, regular home shoppers are looking for similar deals but do not want to pay all cash or in bulk. You may want to sit on the fence as home values will most likely go lower in 2010.
The Los Angeles Times reported the following news headline Feb 16, 2010, “New wave of foreclosures by end of 2010 is feared” (http://www.latimes.com/business/la-fi-mortgage-mods17-2010feb17,0,7573498.story). This is just one of the many news articles reporting how further foreclosures will eventually occur in 2010 and the result would be lower home prices in many communities.
Moody’s Economy.com has reported that approximately 4 million homeowners are 90+ days late on their mortgage or are already facing foreclosure proceedings. This number was pulled from data analyzed from credit reporting agency Equifax.
There have been other news articles stating that the number of foreclosure filing are slowing down and a lot of market analysts are optimistic that recovery is near. But….Economy.com com estimated that 2.4 Million borrowers are expected to lose their home this year. 2009, there were 2.1 million foreclosures. With the job market still crawling with company’s trying to find new ways of surviving, it is assured that more homeowners will foreclose and the number of foreclosures that will occur this year will definitely lower home values in neighborhoods by 15-50% of current market values. All it takes is for one home in a neighborhood to sell below market value to bring all other home comparable values down.
The states to be hit the hardest is California, Florida, and Nevada. The one statistic I love to watch is California foreclosures. In December, Californians that were 90+ days late on their mortgage hit 11.4%, compared to 8.4% nationwide. California is definitely a state that is filled with frustrated homeowners that complain about the red tape of lenders and I suspect because of this fact, many of these homeowners will give up and just walk away.
If you can get a home at 80% of current market value, it should be safe even if the housing values pull back 20%. Obviously, the larger discount the better. Consider picking up fixer uppers that you can rent and fix up later to sell when the housing market improves. Based on current market activities, the best deals for 2010 will most likely be found at the end of the year after the floodgates open and foreclosures flood the market.
Full Article Resourse: www.whbsolutions.com/blog/
To learn more about how to qualify the best candidate for your short sale transaction visit whbsolutions.com. The number one factor in becoming successful in Short Sale Education, Short Sale Success and Short Sales is to learn how to pre-qualify your deal which includes finding the right buyer.
Related Websites
- Investing in Single Family Rental Houses Compared to Stocks and Bonds | YodZiaN.CoM – Finance and Loan Information
- TorontoRealtyBlog.com | Toronto Real Estate Blog
- What To Know About How California Foreclosures Play Off The Recession | Realty Agent Blog
- Does Foreclosure Work the Same in Every State? | Essential Finance Information
