Florida Real Estate

Fri, May 09, 2008

Housing Market Has Bottomed?

Noted real estate expert, Professor Karl E. Case, created the chart above showing the housing starts and recessions since 1972. Notice how every time the housing starts dip below the 1 million mark the real estate market turns around and the recession end. In March of 2008 housing starts dropped below 1 million. Case believes the market is near or at the bottom. "It's bottom-fishing time, I think," says Mr. Case. "There's got to be bargains in Florida, Arizona and Nevada."

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Thu, May 01, 2008

6 Reasons to Consider Condo Livi...

Periodically, we have other real estate professionals write posts of value. Lynn Byrne of CenterPointe Realty in Daytona Beach, Florida contributed this article. Condo living is an ideal match for many people seeking vacation homes or retirement homes or who are too busy to maintain a home. Here are 6 top reasons to consider condo living:

1.      Location, Location, Location - just to buy the land where an ocean front, gulf front or riverfront condo is built would cost many times the value of the single unit that you own. Waterfront lots can run into the millions of dollars. Your beachfront condo is sitting on multi-million dollar property, but you pay only a fraction of that cost. I've sold many Daytona Beach Condos the units...

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Tue, Apr 22, 2008

March sales in Sarasota top 500 ...

The Sarasota Board of Realtors released some news this morning about the Sarasota real estate market. Overall property sales in the local market for March 2008 topped 500 for the fierst time in 8 month according to the Sarasota MLS. There were 514 property sales reported which topped the February 20078 sales of 423. There were 344 homes sold in March 2008 along with 170 condominiums. This compares to 294 homes and 129 condominiums in February 2008. March saw an overall increase of almost 22 percent over February.      An interesting fact about the Sarasota-Manatee markets - this area sold more overall properties than the Miami market. There were 1,022 overall sales where Miami only had 609. That obviously is a much larger market....

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Thu, Aug 30, 2007

Hank Fishkind: Florida’s housing...

In his weekly radio address, economist Hank Fishkind stated that popular perceptions about the housing market are wrong. Fishkind believes that the Florida real estate market reached bottom a few months ago. He looks for trends in statistical releases, and says that things may not be great but there is not data indicating that things are getting worse. “The variance between the real economic data and people’s perceptions was enormous,” Fishkind said. “While home starts have dropped 36 percent from their peak, starts have stabilized over the last six months with no further erosion. Friday’s report on new home sales confirms that the market has bottomed out. Sales actually increased 2.7 percent to an annual pace … and the inventory of...

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