NBC2 News Online – Real estate experts say 2006 will be a different year for property values in Southwest Florida. The supply of homes has now surpassed demand and for the first time sellers are lowering their asking prices. For sale signs are everywhere. That’s something Toni Bagley says her husband couldn’t find a year [...]
NYI News – A new report suggests prices in many neighborhoods in Brooklyn are skyrocketing. The Real Estate Board of New York released a report Tuesday on 2005 real estate prices in the borough showing the average price of an apartment in Brooklyn is up 35 percent from 2004. According to the report, DUMBO is [...]
Bizjournal.com – 2/6/06 Property owners across the United States could face higher premiums for flood insurance after Congress re-examines this program in the wake of huge losses from last year’s hurricanes. The Federal Emergency Management Agency expects to pay at least $23 billion in flood insurance claims for damage caused by hurricanes Katrina, Rita and [...]
SAN FRANCISCO CHRONICLE – 2/6/06 A cool front has wafted westward to Hawaii’s housing market, where declining home sales and higher inventories are keeping a lid on prices in a rarefied part of the country where appreciation exceeded 30 percent last summer. Although home values on the island state remain relatively high by historical standards, [...]
NBC-2.com — Everyone has heard the housing market in Southwest Florida is hot. But one local realtor is waving a red flag saying the market may not be as hot as it appears. There’s no question, you’ll find plenty of homes for sale in Lee County. The number of homes sold keeps going up, especially [...]
With interest rates on the rise, it’s no wonder that Florida’s cooling real estate market is getting even cooler. A University of Florida study out Wednesday suggested a gloomy forecast for the local market, and included a warning that it may take Floridians longer to sell their homes. While houses may be on the market [...]
Foreclosure activity in California edged up in fourth-quarter 2005, according to DataQuick Information Systems, a real estate information service. Lending institutions sent 14,999 default notices to California homeowners from October to December, up 19 percent from 12,606 for the third quarter, and up 15.6 percent from 12,978 for fourth-quarter 2004, DataQuick reported. “Because of the [...]
According to the Local Market Monitor, while many overheated U.S. housing markets lost steam during the third quarter of 2005, most still grew less affordable. Through the third quarter of 2005, 79 of the 100 surveyed markets had gotten more expensive, relative to what Local Market Monitor calculates as fair value. At the top of [...]