News

CoreLogic: Fla. foreclosures down 38% in one year

04/12/16

IRVINE, Calif. – April 12, 2016 – CoreLogic's February 2016 National Foreclosure Report finds a 37.6 percent drop in Florida's foreclosure inventory in just one year. Of 21 U.S. states that foreclose through the court system, the Fla. inventory decline outpaced second-place New Jersey's by 12 percent.

Nationally, the foreclosure inventory declined by 23.9 percent when counting both judicial and non-judicial states, and completed foreclosures dropped 10 percent year-to-year.

The number of completed Florida disclosures dropped 36.6 percent year-to-year. Nationally, the decline was 19 percent. The foreclosure inventory represents the number of homes at some stage of the foreclosure process and completed foreclosures reflect the total number of homes lost to foreclosure.

As of February 2016, the national foreclosure inventory included approximately 1.1 percent of all homes with a mort

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2015 vacation sales retreat, investment sales leap

04/07/16

WASHINGTON – April 7, 2016 – Vacation home sales cooled in 2015 but remained at the second highest amount in nearly a decade, and investment purchases increased for the first time in five years, according to an annual survey of residential homebuyers released by the National Association of Realtors® (NAR).

The median sales price of both vacation and investment homes surged in 2015.

NAR's 2016 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2015, found:

  • Vacation-home sales last year declined to an estimated 920,000, down 18.5 percent from their most recent peak level of 1.13 million in 2014.
  • Investment-home sales in 2015 jumped 7.0 percent to an estimated 1.09 million from 1.02 million in 2014.
  • Owner-occupied purchases jumped 15.9 percent in 2015 to 3.74 million from 3.23 million in 2

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Which Fla. metros are best for rental investing?

04/01/16

IRVINE, Calif. – March 31, 2016 – RealtyTrac released its Q1 2016 Single Family Rental Market Report today, ranking the best markets for buying residential rental properties in 2016.

The report analyzed single-family rental returns in 448 U.S. counties with a population of at least 100,000 if they also had sufficient rental and home price data. Rental data comes from the U.S. Department of Housing and Urban Development; home price data comes from publicly recorded sales deed data collected and licensed by RealtyTrac markets.

The report ranked all 448 counties based on the potential annual gross rental yield (monthly rent, annualized, divided by median home price) and also identified the best counties for future growth in the single-family rental market.

Fla. real estate investment part of int’l event

03/31/16

ORLANDO, Fla. – March 30, 2016 – For the first time, Florida Realtors®, the largest professional trade association in Florida, joined influential leaders in the international property sector as part of this year's MIPIM, the world's leading real estate market, conference and networking event held March 15-18, 2016, in Cannes, France.

In addition to Florida Realtors, the Miami Association of Realtors, Northeast Florida Association of Realtors, Missouri Realtors, Nevada Association of Realtors, Illinois Association of Realtors and other Realtor organizations from these states as well as California were represented in the National Association of Realtors' (NAR) USA Pavilion.

"Florida Realtors took advantage of this unique opportunity to show a global audience of industry leaders and investors why Florida remains a prominent market for foreign home buyers and real estate investors thro

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Home flipping is back – and Fla. a national hot spot

03/03/16

IRVING, Calif. – March 3, 2016 – According to RealtyTrac's Year-End and Q4 2015 U.S. Home Flipping Report, Florida trails only one other state, Nevada, for the number of home flips in 2015. RealtyTrac defines a home flip as a property sold in an arms-length sale for a second time within a 12-month period.

Nationwide, property flipping involved 5.5 percent of all single-family and condo sales last year, an increase from 5.3 percent one year earlier.

"As confidence in the housing recovery spreads, more real estate investors and would-be real estate investors are hopping on the home flipping bandwagon," says Daren Blomquist, senior vice president at RealtyTrac.

Blomquist says it's not just the number of flips that's changing – it's also the people doing the flipping.

"We also see the flipping trend trickling down to smaller investors who are complet

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