Tag Archive | United States

Florida Leads in Foreclosures

Florida was home to 17 percent of foreclosures that took place during a 12-month period that ended in August.

That’s 111,000 out of 658,463 of the foreclosed home across the nation.

The next closest was Michigan, with 9 percent of the foreclosure total.

The top five states for foreclosures during that year period were:

1.  Florida
2.  Michigan
3.  California
4.  Texas
5.  Georgia

Read more at Florida Realtors. 

Median Homes Prices in U.S.

The National Association of REALTORS has an interactive map that allows you to find the median home price in most metropolitan statistical areas in the U.S.

Here is a screenshot of the Tampa/St. Pete area, which currently has a median home price of $145,700:

map tampa

To find your metropolitan area, check out the REALTOR Interactive Median Home Price Map.

Keller Williams is #1 Again!

As of current data counts, Keller Williams is the #1 real estate franchise in the country based on agent count.  We have over 90,000 associates around the world.

Keller Williams has continued to break records for listings taken, contracts written, commissions earned, owner profit and profit share.

Honestly, I’m not all that surprised about the success of the company – I joined with Keller Williams because they’re the best real estate firm out there.  In fact, if you’re interested in what Keller Williams has to offer, contact me at Rosemary Sells Tampa to learn more!

Keller Williams is also the best company to work with if you’re buying or selling a house, so contact me if you’re looking to buy or sell in Florida!

Read more about why we’re #1 at the KW Blog.

Declining Number of Distressed Sales

The number of distressed properties is declining.  Short sales and foreclosures accounted for nearly a third of all sales from 2008 to 2011.  In 2012, that number dropped to 26%, and it’s estimated that that number will drop even further, to 17% for 2013.  They’re expecting percentages to fall to single digits by 2015.

This is great news for people underwater.  It means your home values will continue to improve.  If you’ve been thinking about buying a home, you need to start looking, because prices are going up!

distressed sales

Read more at NAR’s Economic Outlook Blog.

Florida is the Top State for International Home Sales

International buyers from Canada to Africa are buying homes in the U.S., primarily because of the cheap dollar and low interest rates.  Florida tops out as the most popular state for international buyers, however.  This is probably because many people are using these homes as either vacation homes or renting them out for income.

Florida is the Top State for International Home Buyers

Business Week reports that international buyers have spent over $50-billion on more than 250,000 Florida properties since 2009.  This helps create demand and boost home prices.

Read more at Business Weeks’ Foreign Buyers Drive Florida’s Housing Recovery.

 

The Millionaire Market

Got a few (or 57) million bucks saved up for your home search?  Check out what’s on the market now:

Photo: Nick Springett & Architectural Digest

This oceanfront Malibu, California estate was conceived by Frank Gehry and built in 1989.  It has 6 bedrooms, 10baths, 11,400 sq. ft., and is listed at $57.5 million.

 

Photo: Herb Engelsberg & Architectural Digest

This sprawling, European-style manse in Gladwyne, Pennsylvania was designed by Edmund Gilchrist in 1929.  The current owner named it Linden Hill for the courtyard’s trees.  It has 10 bedrooms, 7 full and 3 half baths, 16,000 sq. ft., and it listed for $24.5 million.

 

Photo: Gaetano Mallardo & Architectural Digest

This classic, terraced estate sits on Lake Como in Italy.  It was built in the 1930s and has over an acre of lush landscaping.  It has 4 bedrooms, 4 bathrooms, 6,450 sq. ft., and is listed at $9 million.

 

See more pics of these properties at Architectural Digest.