South Region

Fla. foreclosures dropped in April

May 19th, 2010 | By Gregory Arzumanov | Category: South Region

TALLAHASSEE, Fla. May 20, 2010 The number of Florida foreclosures fell in April from a year earlier, mirroring a national trend that indicates a slowing of defaults on mortgages, according to data released Thursday by RealtyTrac. Florida’s foreclosure fell 18 percent from March and was down 25 percent compared to April 2009. [...]



Half of South Florida homes sell for a loss

Feb 19th, 2010 | By Gregory Arzumanov | Category: Housing News, South Region

WEST PALM BEACH, Fla. Feb. 15, 2010 Nearly half of South Florida homes sold in December did so at a loss, a 4 percent increase from the previous year and a disturbing sign for anyone with a home on the market. The data, released by analysts at Zillow.com, evaluated sales by region, county [...]



Florida’s existing home, condo sales up in September 2009

Oct 27th, 2009 | By Gregory Arzumanov | Category: South Region

ORLANDO, Fla. Oct. 23, 2009 Floridas existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors. Septembers statewide sales also increased over sales activity in August in both the existing [...]



Florida home insurance rates on rise again

Oct 5th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

The respite from rapidly rising insurance rates is ending for Florida homeowners.
State regulators approved an average 19 percent statewide increase for Federated National Insurance. The insurer, a subsidiary of 21st Century Holdings in Lauderdale Lakes, has 30,889 policies in Florida.
Northern Capital Group was approved for a 10 percent hike on the policies it has taken [...]



Economy: What’s good, bad

Aug 27th, 2009 | By Gregory Arzumanov | Category: Housing News, Northeast Region, South Region

MIAMI Aug. 27, 2009 Real estate agent Dave Gervase recently witnessed an astonishing spectacle: a bidding war for a house in South Florida.
When he showed a home to a client, he discovered that 23 other shoppers had already put in bids. We offered 6 percent over the asking price and lost out, [...]



$8K tax credit downpayment challenges Florida officials

Jul 9th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

TALLAHASSEE, Fla. July 8, 2009 Trying to get the $8,000 tax credit downpayment loan to help a homebuyer? Local officials charged with administering the SHIP (State Housing Initiatives Partnership) program and, by extension, the Florida Homebuyer Opportunity Programs (FLHOP) $8,000 tax credit bridge loan peppered state officials with questions yesterday in a conference [...]



Florida’s existing home, condo sales rise in May 2009

Jun 12th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

ORLANDO, Fla. May 27, 2009 Floridas existing home sales rose in April the eighth consecutive month that sales activity increased in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR). Aprils statewide sales showed gains over the previous months sales level in both the [...]



Foreclosure reprieve gives hope to families

Dec 2nd, 2008 | By Gregory Arzumanov | Category: Housing News, South Region

By Gregory Arzumanov
TAMPA, Fla. – Dec. 1, 2008 – Tiffany Edwards thought she was running out of time to persuade her lender to work out a new loan so her growing family could stay in their Tampa home.
She had been out of work for more than a year, and her husband’s income wasn’t enough to [...]



Baltimore housing sales, prices fell in October, dashing any hopes for quick rebound

Nov 11th, 2008 | By RT Staff | Category: South Region

Home sales and prices in the Baltimore area fell in October, and experts said rising joblessness and tighter credit markets could further dampen sales in the months ahead.
The statistics released yesterday dashed hopes that a recovery had begun in Baltimore’s housing market, experts said.
Sales of previously owned homes in metropolitan Baltimore decreased nearly 15 percent [...]



Pending home sales down on tight credit and economic slowdown

Nov 8th, 2008 | By Gregory Arzumanov | Category: South Region

ORLANDO, Fla. Nov. 7, 2008 Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors (NAR).
The Pending Home Sales Index, a forward-looking indicator based on contracts signed in September, declined 4.6 percent to 89.2 from [...]