Real Estate News

The emerging Florida residential real estate market during 2012 experienced a prodigious number of sales and the momentum is ongoing. The state, and especially Southwest Florida, has now witnessed twenty-four months of solid “comeback,” with strong sales and prices continuing positive trends. As we move into 2013, critical indicators and …

For the Florida housing industry, 2012 has been a good year. Crucial housing statistics have improved steadily. Inventory is down; average days a property is listed for sale is down and the number of pending and closed sales are up. These trends are very encouraging signs for the Sunshine State.
Statewide …

 
Pending home sales rose in July to the highest level in over two years and remain well above year-ago levels, according to the National Association of Realtors® (NAR).
The Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, rose 2.4 percent to 101.7 in July from 99.3 in …

For real-estate investors interested in a “hot” market, Florida is once again the place to purchase a home.
Sales of existing homes in Florida rose in April and remain at a higher level than a year ago. The median sales prices in April for single family homes increased 10.2% to $144,350 …

 
SARASOTA– New customers face price increases up to 30% to insure their property through the state-run insurance plan, Citizens Property Insurance Corp., if a controversial plan to uncap rates for new customers is passed.
The plan is part of Citizen’s aggressive push to reduce risk and shrink in size. A 10 …

As the French elite scramble for an economic exit plan across the pond to London, Californians would enjoy similar benefits from a continental shift to Florida. High earners in France face enormous tax increases in the coming years if the newly elected Presidente Hollande follows through with his …

Naples has seen two record home sales in less than two months. Two beach-front mansions on Gordon Drive in the Port Royal area — a haven for the ultrarich — recently sold for more than $40 million each, beating a record set in 2007.
One of the estates fetched nearly $47.3 …

In the fall of 2007, as home prices in Florida began slipping and population growth braked drastically from what had been a 1,000-person-a-day clip, Wall Street Journal reporter Conor Dougherty wrote an article headlined “Is Florida Over?”
The story cataloged a host of challenges to Florida’s traditional model of growth that …

Florida has reversed its demographic decline.
One of the leading demographic stories of the past decade was Florida’s population slump. But a surprising story of the new decade is Florida’s population rebound. Of all the “bubble states”—those slammed hardest by the housing market’s collapse—only the Sunshine State has shown robust signs …

The nation seems to have finally caught what Southwest Florida has been enjoying for the last few months: people getting off the fence and signing home sales contracts.
An index that tracks the number of so-called “pending sales” rose to its highest level in nearly two years last month, the latest …