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Armonk Homes | Massachusetts deals with foreclosures through prevention program
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Monthly Archives: February 2013
Freddie Mac outlook: Housing activity remains stale | Chappaqua NY Real Estate
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NYC Is Pushing Out Its Middle Class | Bedford Corners Real Estate
Facebook May Already Be Taking Away Searches From Google | Pound Ridge Realtor
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Foreclosures Re-infect Florida Markets | Bedford Hills Real Estate
It’s deja vu all over again in Florida. In a virtual re-run of Florida’s housing economy, its foreclosure starts lead the nation, prices are falling and inventories are too big, especially on the coasts.
Florida posted the nation’s highest statewide foreclosure rate for the fifth month in a row in January, and also had the highest number of properties with foreclosure filings for the month, marking the first month since January 2007 that California has not had the highest number of properties with foreclosure filings, RealtyTrac reported today.
With one in every 223 housing units with a foreclosure filing in January, the Ocala, Fla., metro area posted the nation’s highest foreclosure rate in January among metropolitan statistical areas with a population of 200,000 or more. But that’s just the beginning of Florida’s woes.
The top 10 markets for foreclosures include five other Florida metro areas: Miami at No. 2 (one in 228 housing units with a foreclosure filing); Orlando at No. 3 (one in 241 housing units); Jacksonville at No. 8 (one in 301 housing units); Tampa at No. 9 (one in 307 housing units); and Lakeland at No. 10 (one in 332 housing units).
Florida also topped RealtyTrac’s list of best markets to buy a foreclosure. Five other Florida cities ranked among the Top 20 best places to buy foreclosures: Lakeland, Tampa, Jacksonville, Orlando, and Miami.
In 2012, Florida posted the highest foreclosure rate in the nation, eclipsing Nevada for the first time, according to RealtyTrac. Activity in Florida rose 53.5 percent in 2012 from a year earlier, as lenders stepped up activity following the Attorneys General settlement last spring. In many cases, court backlogs and faulty bank filings have drawn out foreclosures through years of delays. RealtyTrac reported a typical Florida foreclosure lasts more than 28 months, four times as long as in 2007.
Florida cities made terrific progress against foreclosures two years ago, as the “Florida Phenomenon” led the nation into recovery. But today the state is second worse behind Nevada in terms of its lack of recovery price declines since the 2007 housing crash. Including distressed transactions, Florida markets are 43.5 percent lower today than they were at the peak, according to CoreLogic.
While foreclosure inventories in markets like Phoenix and Las Vegas are so low that the foreclosure discount-the difference between full-price homes and comparable REOs-has virtually disappeared. In Miami, the discount is still 38 percent, sign that supply is outpacing supply. In Orlando, the discount is less, 19 percent, but it’s 35 percent in Tampa and 31 percent in West Palm Beach, according to data from Home Value Forecast.
Facebook Graph Search Review, How it Works | Waccabuc Realtor
Only you can decide if Chromebook is right for real estate | South Salem Realtor
Last week I field tested a Samsung Chromebook.
Over the holidays the local Best Buy store ran out of them. They were also out of stock on Amazon.com, with a waiting list to buy one. I wanted to know what all the hype was about.
I finally got my hands on a Chomebook when a family member got one and let me play with it.
I borrowed the Chromebook for a few days, logging into my own Google account and testing everything I use on a day-to-day basis for real estate.
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Demystifying the ‘Obamacare’ real estate tax | Cross River Real Estate
Q: When does the tax for “Obamacare” when selling a house go into effect? How will it be calculated? –P.
A: First things first: Always, when considering any real estate move, from buying to selling, refinancing or even planning to rent for a number of years, get your own tax professional on the horn, loop them into your plans, and get their advice.
I say this upfront because I commonly see people worry and fret about tax issues that are not likely to ever be an issue for them, and vice versa: people wandering right into tax dramas they could have avoided if they’d gotten professional advice upfront.
And this “Obamacare” home sale tax issue is no different. Many who are worried about it needn’t be at all. Many who are unaware of the tax should be mindful of it.
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Would gun ban violate tenants’ rights? | Katonah Real Estate
Q: We own several large apartment complexes. After all that’s happened recently, we have decided that we do not want firearms on the property. Can we prohibit tenants from keeping them on the premises? Our manager says no, that people have a constitutional right to keep arms. –Dave and Bea M.
A: You do have a legal right to prohibit the keeping of firearms at your properties, just as you can prohibit tenants from keeping pets or parking oversize vehicles in your parking lots.
Your manager’s concerns are a bit off the mark: The United States Constitution (specifically, the Second Amendment, which concerns the people’s “right to bear arms”) is aimed at the government, not at individuals like you. So, while recent Supreme Court decisions have struck down attempts to restrict gun ownership, these cases have all involved states or localities whose laws have been found to infringe on the amendment. You are neither a state nor a locality. You are simply a business owner who has wide latitude in deciding how your run the business.
Should you instigate such a policy at your properties — more on how to do that below — you should be prepared for another argument you’re likely to hear. “That’s discrimination against gun owners!” will surely be lobbed your way. Again, nothing to fear, legally. That’s because gun owners are not a protected group under federal, state or local laws.
via inman.com
Would gun ban violate tenants’ rights? | Katonah Real Estate
Q: We own several large apartment complexes. After all that’s happened recently, we have decided that we do not want firearms on the property. Can we prohibit tenants from keeping them on the premises? Our manager says no, that people have a constitutional right to keep arms. –Dave and Bea M.
A: You do have a legal right to prohibit the keeping of firearms at your properties, just as you can prohibit tenants from keeping pets or parking oversize vehicles in your parking lots.
Your manager’s concerns are a bit off the mark: The United States Constitution (specifically, the Second Amendment, which concerns the people’s “right to bear arms”) is aimed at the government, not at individuals like you. So, while recent Supreme Court decisions have struck down attempts to restrict gun ownership, these cases have all involved states or localities whose laws have been found to infringe on the amendment. You are neither a state nor a locality. You are simply a business owner who has wide latitude in deciding how your run the business.
Should you instigate such a policy at your properties — more on how to do that below — you should be prepared for another argument you’re likely to hear. “That’s discrimination against gun owners!” will surely be lobbed your way. Again, nothing to fear, legally. That’s because gun owners are not a protected group under federal, state or local laws.
via inman.com