Property prices in the USA are continueing to fall, as there has been a rise in the number of distressed sales. The average cost of a home in America reduced by 1.4% month-on-month in November, new reports from the Home Price Index show. This included the sale of distressed homes. A chief economist for CoreLogic, [...]
Orlando is one of five areas in Florida that have recently been named as having the best markets to invest in rental property. It came in at number 4 in the top 10 places for rental investment, above Fort Myers which came 5th, Fort Lauderdale which came 8th and Tampa which came 9th place. Above [...]
Do you try to keep up to speed with happenings in the Florida property market but feel you may have missed something? If so, take a look at a summary of the 10 most important news stories of 2011, as reported by Florida’s largest real estate trade body, Florida Realtors: 1. Once-in-a-generation time to [...]
The average property price in America is said to have fallen over the last three years; by a staggering 46%, research shows. This happened at the same time as a rise in rental prices, as more and more people decide they cannot afford to buy and have to settle for rented accommodation, which means that [...]
Now could be the cheapest time for anyone who meets the required conditions to get a mortgage in the USA, following reports that rates are at all-time lows. Mid-way through December a leading American mortgage website said that mortgage rates advertised on its site were either at or below the lowest point in its history. [...]
Anyone interested in buying property in the USA will have a careful eye on the endless promotions for discounted property there, but the resounding message coming from experts is to take care when you purchase. With prices still falling in many parts of the country and homeowners continuing to fall victim to foreclosure, any [...]
A few years ago, in the height of Orlando’s property boom, mortgages and properties were flying off the shelves. Today, however, it is a slightly different story, as research shows that so far this year, only one in ten sales of condos in Orlando were purchased with a mortgage - the remaining nine were cash [...]
Brits accounted for seven per cent of property sales to foreigners in Florida last year, equally $889million of the estimated $12.7billion international market. Figures from a recent National Association of Realtors (NAR) report also showed that Canadians made up the largest group of Florida’s foreign buyers in 2010, with 39 per cent of the market. [...]
Six areas in the state of Florida are dominating the US property market and leading the country’s turnaround for recovery. As the stability of the real estate market improves, Miami, Orlando, Fort Myers-Cape Coral, Fort Lauderdale, Sarasota-Bradenton, and Lakeland-Winter Haven are all in the latest Top 10 Turnaround Town Report from Realtor.com. This is great [...]
Builders in America have been building fewer houses than in previous years, research shows. The number of new builds of homes that companies actually started in October was much less than usual. There were however, more plans submitted for the building of apartments; a clear sign of the times when it comes to the American [...]