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Florida Home Sales Rise – Inventory Falls – January 2009

Posted by Justin in Advice, Bradenton Florida Real Estate, Buyers, Florida Real Estate, Sarasota Real Estate, Sellers, Service, Shirley International Realty Inc., Statistics

 
(This Report Represents is a Nice Snapshot of Florida home sales in the Greater Ft. Launderdale Area (RAGFL = Realtor Association of Greater Fort Lauderdale). This is a Metropolitan Area of Florida that has Traditionally Established Buying Trends in the Sunshine State..)

Florida’s existing home, condo sales rise in January 2009 January existing-home sales fall, inventory down, says NAR
ORLANDO, Fla. – Feb. 25, 2009 – Florida’s existing home sales rose in January, making it the fifth month in a row that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Existing home sales rose 24 percent last month with a total of 8,450 homes sold statewide compared to 6,810 homes sold in January 2008, according to FAR.

“Many people are looking at today’s market and seeing opportunities to find the home or business they’ve always wanted,” said 2009 FAR President Cynthia Shelton. “With a range of available housing options, historically low mortgage interest rates and affordable prices, buyers who may have been hesitant before should take a closer look at the current opportunities for homeownership. As real estate professionals who know all aspects of their local market conditions, Florida Realtors are here to help counsel consumers making sound long-term decisions for their homes and their businesses.”

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Florida Condo Associations – Tough Time Meeting Budgets

Posted by Justin in Advice, Bradenton Florida Real Estate, Buyers, FSBO, Florida Real Estate, For Sale By Owner, Sarasota Real Estate, Sellers, Shirley International Realty Inc.

 

(This is a nice example of how a Homeowners Association Breaks Down its HOA fee, billed to Residents.. This Particular Development is the Collegiate Villa Condominiums, located in Manhatten, Kansas & is Very Well Maintained & One of My Favorite Communities in Manhatten.)

Condo and homeowner associations have tough time covering budgets

SOUTH FLORIDA – Feb. 24, 2009 – The pain being experienced by Florida’s condo and homeowner associations in the state’s epic foreclosure crisis worsened in the last half of 2008, forcing more to cut back services and levy special assessments to meet their budgets, according to a survey released Tuesday by the Hollywood-based Community Association Leadership Lobby.

The survey of 1,589 Florida property owners by CALL, a group formed in 2003 by Hollywood-based law firm Becker & Poliakoff, comes as Florida lawmakers begin to look for ways to address the impact of foreclosures on community associations, particularly condominiums.

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Sarasota Real Estate Sales Jump 18 Percent in January of 2009

Posted by Justin in Advice, Bradenton Florida Real Estate, Buyers, How to Sell, Sarasota Real Estate, Service, Shirley International Realty Inc., Statistics

 

January 2009 pending sales jump almost 18 percent

In the face of national economic doom and gloom, pending sales in the Sarasota real estate market rose to 683 in January 2009 as reported by members of the Sarasota Association of Realtors®, topping the 500 level for the 13th month in a row. Pending sales last month were much higher than the 516 reported in January 2008, which indicates that local real estate has bucked the national downward to some extent.
 
Pending sales reflect contracts executed by buyers and sellers. The recent numbers demonstrate a steady, strong pattern, indicating buyers have become more active in the Sarasota market as the traditional season heats up.

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First-Time Homebuyers – How to Get $8,000 Tax Credit

Posted by Justin in Advice, Bradenton Florida Real Estate, Florida Real Estate, Sarasota Real Estate, Service, Shirley International Realty Inc., Statistics

 
(First Time Homebuyer’s recieve $8,000 Tax Credit! Great Incentive to Take Advantage of..)

First-time homebuyers: How to get the $8,000 tax credit Tax Credit details

Every homebuyer has unique circumstances and specific questions. The National Association of Home Builders (NAHB) has launched a consumer Web site with detailed information and an extensive list of frequently-asked questions. To find out more about the $8,000 tax credit, go here.

WASHINGTON – Feb. 17, 2009 – How does a first-time homebuyer take advantage of the $8,000 tax credit that President Obama is expected to sign into law tomorrow? It comes with a few rules. According to the most recent analysis, the following rules will apply – though things could change as tax professionals weigh the details:

• The deduction is worth 10 percent of a home’s value up to $8,000, which means all homes worth more than $80,000 could qualify for the maximum amount.

• There is an income limit to qualify. A married couples’ modified adjusted gross income (MAGI) should be under $150,000 and single filers’ MAGI should be less than $75,000.

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