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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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