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Archive for July, 2007

South Florida Home Prices Take a Dive

Friday, July 27th, 2007

Fewer homes sold in the South Florida housing market in June, and median home prices dropped in almost every city. (more…)

Mixed Messages in the Florida Housing Market

Friday, July 27th, 2007

Housing starts decreased in Miami-Dade and Palm Beach counties from the first quarter to the second quarter, but the Broward County housing market saw its first rise in number of starts in several quarters. (more…)

Housing Market Slows in Hernando County

Friday, July 27th, 2007

Florida’s housing market fell - and subseqently, its unemployment rate rose - slightly last month, but the pattern in Hernando County was much more pronounced. (more…)

Naples Couple Calls Steel Building Home, Can’t Meet Florida Mortgage Payments

Thursday, July 26th, 2007

You might call it a hut.

Thomas and Ruta Vicker call it home. (more…)

Foreign Buyers Flock to Buy Orlando Real Estate

Thursday, July 26th, 2007

Foreign investors have poured more than $120 million into the Central Florida housing market from January through June of this year, on everything from student housing to downtown office space, a new report shows. (more…)

As One Market Slows, Another Grows

Thursday, July 26th, 2007

When fewer people apply for Florida mortgages, the fallout isn’t hard to find. Although this is one you might not have seen coming. (more…)

Parting Ways in a Down Florida Housing Market

Thursday, July 26th, 2007

“Either party may unilaterally demand a 10 percent drop in the acceptable selling price and listing price every 60 days.” (more…)

Florida Mortgage Applications Fall to Five-Month Low

Wednesday, July 25th, 2007

Mortgage applications declined for the first time in a month, and hit a five-month low, reflecting a sharp drop in Florida home loan demand. (more…)

Jacksonville, Lake Forest Feel Foreclosure Crunch

Wednesday, July 25th, 2007

The Jacksonville housing market foreclosure epidemic is widespread among all neighborhoods and income groups. But in one community on the Northside, a battleground of owners, investors, and lenders is strewn with the casualties of a Florida mortgage industry in turmoil. (more…)

In Face of Property Tax Cuts, New Fees Planned

Wednesday, July 25th, 2007

Cities and counties across the Florida housing market are tightening their belts as they face a state-ordered cut in property tax collections ranging as high as 9 percent this year. (more…)