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Florida Real Estate – Sellers Still Slashing Prices

Dennis Norman

According to a report issued today by Zip Realty, sellers in Florida are slashing prices by more than 10 percent

South Florida has deals on homes! According to Zip Realty, sellers in Miami and Ft. Lauderdale have reduced their list price by an average of nearly 15 percent, or $36,000 in February 2010. [...]

Orange City Landlord and Property Manager Pay $415,000 to Settle Discrimination Suit

The Justice Department today announced that landlord James Stevens, his company Fountain View Apartments Inc., and his former rental manager, Mildred Chastain, have agreed to pay $415,000 in monetary damages and civil penalties to settle a Fair Housing Act lawsuit alleging that they discriminated against African Americans and families with children at Fountain [...]

Florida home and condo markets heat up

Dennis Norman

The sunshine state’s real estate market is heating up according to the latest report from the Florida REALTORS(R). Existing home sales rose in January, marking 17 months that sales activity has increased in the year-to-year comparions.

Existing home sales in Florida increased 24 percent in January with a total of 10,465 homes sold statewide [...]

Las Vegas, Cape Coral, Merced Foreclosure Rates Highest Among Major Metro Areas in 2009

Dennis Norman

Top 20 Cities Are From California, Florida, Nevada and Arizona; Utah, Illinois, Oregon, Idaho Cities Indicate Foreclosure Problem Is Spreading.

Today RealtyTrac® released its year-end 2009 Metropolitan Foreclosure Market Report which shows that cities in four Sun Belt states accounted for all top 20 foreclosure rates in 2009 among metro areas with a population [...]

Some Housing Markets Getting Hot Again

Dennis Norman

Zip Realty’s “Home Hunter” Report for 4th quarter 2009 shows some housing markets heating up.

While some of the “hottest” real estate markets in the country — those where homes are selling most above their list prices — continue to be distressed areas dominated by heavily discounted prices, a report issued by ZipRealty [...]

Where are the best investments in California and Florida?

Dennis Norman

By: Dennis Norman

Today SmartZip, Inc. released it’s first release of the SmartZip Top 10 Markets™, a list of top-rated cities most likely to yield above-average investment returns over the next ten years.  The markets are hand-picked by SmartZip’s analysts in conjunction with local market experts. 

 

Presently SmartZip, which just launched its public Beta site in [...]

Florida market continues to gain momentum

Dennis Norman

By: Dennis Norman

Existing home sales in Florida rose in June, the 10th consecutive month that sales activity showed gains in the year to year comparison for both existing home as well as existing condominium markets.  And, for the second month in a row, the statewide median sales prices for existing homes was higher.

According to [...]

Florida passes a developer-friendly bill – gets backlash though

Dennis Norman

By: Dennis Norman

Having done my share of new developments and being put through the “wringer” by city councils and boards of aldermen, I was pleasantly surprised when I saw that the governor of Florida had signed into law SB 360, titled Growth Management.

According to the Governor’s press release, the following are the benefits [...]

An Appraisers View of HVCC, sub-prime, the market and more – Final post of the series

Dennis Norman

By: Dennis Norman

Monday I did the first post and yesterday the second post of my E-View with Frank Gregoire, a Florida appraiser and author of Appraiser Active.

Frank is often quoted as a source for nationally syndicated real estate columnists and appears as a

Francois (Frank) K. Gregoire, IFA RAA

speaker on appraisal and mortgage related [...]

Has the Florida real estate market hit bottom? Is it time to buy?

Dennis Norman

By: Dennis Norman

Florida is definitely a state that has felt the impact of the declining real estate market.  It has been one of of the top four states in number of foreclosures, biggest declines in values and a few other statistics a state would just as soon not be associated with.

The tides may [...]