Local Palm Beach Property Data CONSISTENT with nationwide press reports! - News

Local Palm Beach Property Data CONSISTENT with nationwide press reports!

by Michael Bode
With all of the reports hitting the press of a rebounding housing market in Palm Beach County I decided to do a quick year over year analysis using the local MLS for the Palm Beach County Single Family Residential Market.

Read Full Story: Local Palm Beach Property Data CONSISTENT with nationwide press reports! - News

Bank offers 6-figure loan discounts for South Florida Homeowners - News

Eligible Florida homeowners will begin getting notices this week about a Bank of America push to reduce their loan balances, and the discounts have been doozies.

The average nationwide price cut for an initial group of 5,000 approved homeowners was about $145,000 per borrower.

The plan, part of a $25 billion settlement among lenders and state attorneys general, is targeting 200,000 underwater homeowners nationwide, with the highest concentrations in California and Florida.
While Bank of America officials caution that not every homeowner should expect a loan reduction of $145,000, they predict an average savings of 30 percent on monthly mortgage payments.

Read More: Bank offers 6-figure loan discounts for South Florida Homeowners - News

Florida Residential Real Estate Market: News Stories Forecast Hope of a 2012 Turnaround - News

Reports are suggesting that the Florida residential real estate market has hit bottom and is beginning to bounce back, which is good news for all Floridians - and once it's clear that Florida homes are steadily selling again with Florida home loans being made to Florida home and condo buyers, then it will be great news.
Right now, here are several news reports pointing to a turnaround in the Florida residential real estate market:

Read More Here: Florida Residential Real Estate Market: News Stories Forecast Hope of a 2012 Turnaround - News

South Florida Home Sellers Staying After Deals Close - News

Home Sellers Staying After Deals Close

May 1, 2012 Paul Owers

Another sign of the shift in South Florida's housing market: Some sellers are insisting that buyers allow them to stay in their homes after the deals close. A few need more time to find another place because the sales happened so fast, while others want to remain through the school year. Whatever the reason, small but growing numbers of sellers are striking these deals because the improved market means buyers don't have as many alternatives, real estate agents say.  Read more on http://FastFloridaAppraisals.com

South Florida Home Sellers Staying After Deals Close - News

South Florida income growth to outpace rest of Florida - News

Read more on http://fastfloridaappraisals.com/index.php?pageid=7&postid=154

South Florida is expected to outpace the state in personal income growth with the help of surging tourism and international trade, according to a new economic report released Friday by the University of Central Florida.
Personal income in Miami-Dade, Broward and Palm Beach counties is projected to grow 4.2 percent in 2012 — more than the state's estimated 3.9 percent increase, said Sean Snaith, author of the quarterly report that is published by UCF's Institute for Economic Competitiveness.

South Florida's strong rate of personal income growth is expected to help the state outperform the national average for first time since 2006, the institute predicted. Even better years are ahead for South Florida and the rest of the state, Snaith predicted.

"Although the recovery has been moving at the speed of a tortoise, rather than that of a hare, we all know who wins the race in the end," Snaith quipped in his report.


South Florida income growth to outpace rest of Florida - News