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Archive for July, 2007

South Florida Mortgage Foreclosures May Lower Surrounding Property Values

Tuesday, July 31st, 2007

Mounting Florida mortgage defaults across the state threaten to hurt more than just those homeowners who lose their properties to lenders. (more…)

Despite Slow Southwest Florida Housing Market, Developers Persist

Tuesday, July 31st, 2007

Four developers have pitched projects for 3,660 houses along Burnt Store Road since January, raising the likelihood that this area will be one of the first to develop when the Southwest Florida housing market recovers. (more…)

Sarasota-Bradenton Home Sales: Signs of Hope?

Monday, July 30th, 2007

In another sign that the Sarasota-Bradenton housing market is recovering faster than most parts of Florida, June home sales climbed 5 percent from the same month last year. (more…)

Glut of Empty Homes Up and Down the Treasure Coast

Monday, July 30th, 2007

A glut of new but vacant homes continues to dominate the landscape of the central and northern portions of the Treasure Coast, a Florida housing report released last week suggested. (more…)

Sales Lag in Flagler County, Volusia County

Monday, July 30th, 2007

Existing-home sales in Volusia County and Flagler County fell 29 percent in June compared with the same month a year ago, with the median sales price dropping 10 percent to $197,100. (more…)

Miami, South Florida Sellers Refuse to Drop Prices

Monday, July 30th, 2007

South Florida homes continue to sit on the market, waiting for buyers, while more and more are being put up for sale. Some real estate experts now say it will be 2009 before the housing market starts to recover. (more…)

Palm Beach County Home Prices Down; Broward Flat

Sunday, July 29th, 2007

Prices of existing homes in June fell in Palm Beach County as the South Florida housing market slump continues to linger. (more…)

South Florida Mortgage Lenders Feeling Heat From Regulators

Saturday, July 28th, 2007

Many South Florida mortgage lenders are being watched - more closely than their counterparts elsewhere in the nation - after regulators tightened standards on exotic mortgages in response to spiking foreclosures. (more…)

Florida Realtors Report on Home Sales, Interest Rates

Saturday, July 28th, 2007

Despite favorable Florida mortgage rates, strong job growth and other positive economic conditions, statewide sales of existing single-family homes in the state were down last month. (more…)

Florida Home Loan Rates Fall Slightly For Week

Friday, July 27th, 2007

Florida mortgage rates eased this week after rising substantially over the past two months, a Freddie Mac survey revealed Thursday. (more…)