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Dennis Norman Report looks at impact of the BP Deepwater Horizon Oil spill on Florida Coastal home values According to a report released this morning by CoreLogic the impact of the BP DeepWater Horizon oil spill on home values in the coastal area’s along the Gulf coast is expected to range from $648 million [...]
Dennis Norman Worst Street In America for Mortgage Fraud is In Orlando (actually they have 5 of the top 10 streets) According to the 2010 Mortgage Fraud Trends Report released by CoreLogic this week, fraud risk in the mortgage industry has declined by 25 percent since it peaked in the third quarter of 2007. Even [...]
Dennis Norman I may be getting desperate to find something good to write about with regard to the Housing Market, but nonetheless I found some good news today! According to a report titled “Foreign Investment in U.S. Real Estate” that was released recently by the National Association of REALTORS®, investment in residential real estate [...]
Dennis Norman Last week both Fannie Mae and Freddie Mac announced relief for homeowners with a mortgage insured by either agency (which accounts for over 90 percent of the home loans in the U.S.) that either have drywall problems (the Chinese drywall issue) or are in the Gulf coast area and are affected by the [...] Defendants Include a Mortgage Broker and Loan Processor This week the FBI announced the unsealing of a superseding indictment charging defendants Anson Joachin a/k/a A.J. Alexandre, 39, of Parkland, Florida, John Fisher, 35, of Jupiter, Florida, Tracey Balli, 35, of Pembroke Pines, Florida, and Delano McLennon, 33, of North Lauderdale, Florida, for [...]
Dennis Norman Sales of existing single-family homes in Florida rose 24 percent in first quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 38,846 existing homes sold statewide in 1Q 2010; during the same period the year before, [...]
Dennis Norman This week, Cher’s former Miami Mansion, which was purchased back in 2006 by Sean Wolfington, sold for $10.45 million – close to $2 million more than its sale price at the peak of the market, according to ONE Sotheby’s. So while most of the real estate market has been negatively impacted by the [...]
Dennis Norman Florida’s existing home sales rose in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida Realtors®. Existing home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March [...]
Dennis Norman Statewide Florida Open House Weekend April 10th and 11th The countdown has begun: Only a month remains before the federal homebuyer tax credit expires, so REALTORS(R) in Florida want to put the push on and are sponsoring the first-ever statewide Florida Open House Weekend just in time to help homebuyers find their Florida dream home,” [...] According to a Vacation Home Buyers Survey conducted by the National Association of REALTORS (NAR), vacation-home sales rose 7.9 percent in 2009 to 553,000 sales from 513,000 in 2008. For comparison purposes, primary residence home sales rose 7.1 percent in the same period. 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. In [...] 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 [...] Seventy Percent of all mortgaged properties in Nevada are underwater
Dennis Norman According to a report released today by First American CoreLogic more than 11.3 million U.S. mortgages, or 24 percent of all mortgaged properties, are in a negative equity position meaning the borrowers owe more on their mortgage than their home is worth as of December 31, [...] According to a press release from the U.S. Department of Housing and Urban Development, borrowers with FHA loans that are experiencing problems associated with drywall (ie; chinese drywall) may be eligible for assistance to help them rehabilitate their properties. FHA is reminding its approved lenders that they are to offer special forbearance for borrowers confronted with [...] Florida’s existing home sales rose in November, marking 15 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. Existing home sales rose 61 percent last month with a total of 14,026 homes sold statewide compared to 8,694 homes sold in November 2008, according to Florida [...] Dennis Norman UPDATE: January 1, 2010 The drawing was held at noon yesterday and teh winner of the 50/50 is Bernard Gross, from California. Below is the video from the local news station that covered the drawing. Watch news video of drawing UPDATE: December 28, 2009 I just got off the phone with Jack Labarga, the Director of the [...] Dennis Norman TransUnion released the results of its analysis of trends in the mortgage industry for the second quarter of 2009 and the associated impact on the U.S. consumer. Part of this report focused on delinquencies on mortgages and the rate of mortgage delinquency. The report showed that mortgage loan delinquency (the ratio of borrowers 60 or [...]
Dennis Norman $10 is the price of a raffle ticket for a chance to win a $3,000,000, 6,000 square foot gated waterfront estate home in Ft. Lauderdale, Florida according to information published by Florida Luxury Auctions. According to information in a press release, a Florida couple chose this approach to “selling” their home due to the current real estate [...] Dennis Norman By: Dennis Norman Existing home sales in Florida rose in April by 18 percent over a year ago and were up slightly from March. Condo sales in Florida were up 21% in April from a year ago and up over 6% from March. This increased activity is, at least in part, a result of significantly lower prices…the [...] Dennis Norman By: Dennis Norman This is my final post of a series about Florida real estate and the second part of my interview with Bob Radigan with VIP Realty Groupin the Sanibel/Captiva area. For part one of this series click here, part two click here and part three click here. Following is the continuation of my E-View TM with [...] Dennis Norman By: Dennis Norman This is my third post of a series about Florida real estate and the second part of my interview with Bob Radigan with VIP Realty Group in the Sanibel/Captiva area. For part one of this series click here, for part two click here. Following is the continuation of my E-View TM with Bob: Q-Bob, [...] Dennis Norman By: Dennis Norman In my post yesterday I was talking about Florida and whether or not now is the time to consider buying there now. To answer this question I turned to Bob Radigan with VIP Realty Group. Following is part one of my E-View TM with Bob: Q- Bob, please share with us your background and [...] Dennis Norman By: Dennis Norman I met the wonderful woman that was to be my wife in 1998 in St. Louis. Prior to moving back to St. Louis she had spent the prior decade living on the gulf coast of Florida and loved it but came back to St. Louis to be closer to family. We were [...] By: Dennis Norman According to a report this week by Realty Trac(R) there were 274,399 US properties in some stage of foreclosure during the month of January. This represents a 10% decrease from December but is still an 18% increase over a year ago. Do the math and it works out to a sobering 1 in [...] By: Dennis Norman State Farm Insurance Company (State Farm Florida), the state’s largest private property insurer, announced earlier this week filed plans to discontinue its Florida property insurance lines. This is not good for Florida residents nor all the people around the country that own vacation homes, rentals, time-shares or have other real estate investments in Florida. State [...] By: Dennis Norman Ah, a beautiful sunset on the gulf coast of Florida, hard to beat it this time of year. I was in Florida over Christmas with family enjoying the 70 to 80 degree days as well as the beauty of the beach and ocean on the gulf coast. It sure beat the weather back [...] |
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