ORLANDO, Fla., Oct. 24, 2008 – For the first time in almost three years, Florida’s existing home sales rose in September, noting a 24 percent increase in activity in the year-to-year comparison; last month’s sales of existing condos statewide increased 11 percent in the year-to-year comparison, according to the latest housing data released by the [...]

Florida’s housing market is far from recovery with both the foreclosure and delinquency rates in Central Florida increasing.
Foreclosure rates among outstanding mortgage loans were 5.5 percent in August, nearly three-fold compared to the 1.5 percent rate in August 2007, according to First American CoreLogic Inc.
The company based foreclosure rates on total outstanding mortgages instead of [...]

Your “Miami condo auction draws low bids” article was both symptomatic and problematic. A developer holds an auction and now cries that he sold nine condos that he couldn’t sell prior to the auction for less than what they cost to build. This smacks of the real problem – greed coupled with over-inflated prices.
If someone [...]

Relief is on the way for some Floridians in foreclosure or at risk for it.
Bank of America is to provide $1 billion for Floridians who are recipients of Countrywide home loans considered troubled or risky.
Bank of America, which acquired Countrywide last year, is expecting about 58,000 Floridians to be eligible for its home retention program [...]

Once thought of as only distressed properties, today’s foreclosure market is filled with upscale homes that are turning buyers’ heads. Buyers are attending bank-owned foreclosure auctions to find the move-in ready home of their dreams at the right price. America’s leading real estate owned (REO) auction firm, Hudson & Marshall, will auction 60 upscale bank-owned [...]

Short sales and foreclosures are having an impact on the local housing market as the median sales price dropped $20,000 in September.
The Northeast Florida Association of Realtors reports 772 home sales last month with $165,717 being the median price. That means half of the homes sold for more than that amount and the other half [...]

BRADENTON, Fla. – Oct. 10, 2008 – Florida is becoming a hot spot in the global real estate market.
Declining property prices coupled with a desirable climate is making the state an attractive investment and bargain for foreign buyers.
And local real estate professionals are taking advantage of that appeal and doing more to establish international relationships.
“The [...]

Phillip Walker put his Jensen Beach home in Florida on the market 13 months ago.
He finally got an offer this week, and he jumped at it. But he’s not jumping for joy… That’s because he’ll have to settle for $95,000 less than what he originally priced the house.
“About every other week a new [...]

Governor Charlie Crist today praised more than $1 billion in federal support for Florida’s housing market, made possible by the federal Housing and Economic Recovery Act of 2008 passed by Congress this summer. He also announced that Standard &Poor’s has affirmed a “AAA” rating with a stable outlook to Florida’s general obligation bonds.
“I commend Florida’s [...]

In a “once in a lifetime” residential real estate auction event, the lifestyle of the fortunate few will soon become available to 30 successful bidders in one of the most exciting auction opportunities the Palm Beach region has seen in nearly two decades.
Sheldon Good & Company Auctions, LLC (www.sheldongood.com), the nation’s largest commercial and residential [...]