News

2016 Fla. international investment down $4.3B

12/16/16

ORLANDO, Fla. – Dec. 16, 2016 –Florida Realtors latest report, Profile of International Residential Real Estate Activity, finds that international sales hit $19.4 billion this year, though that's less than the $23.7 billion spent in 2015.

As a percentage of total dollar volume spent on Florida real estate in 2016, international sales made up 19 percent. However, that's a drop from 24 percent last year. Nationwide, foreign buyers made up only seven percent of existing home sales' dollar volume. In the report, 2016 refers to the 12-month period from August 2015–July 2016.

High profile findings

  • Foreign buyers purchased 47,000 residential properties in the 12-month period (44,000 in 2015) – 12

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Flipping down in 3Q – but 4 Fla. metros in top 10

12/08/16

IRVINE, Calif. – Dec. 8, 2016 – ATTOM Data Solutions' Q3 2016 U.S. Home Flipping Report finds an overall drop in the percentage of homes being flipped. ATTOM defines a home flip as a property sold in an arms-length sale for the second time within a 12-month period.

Florida saw a fair share of that declining number of home flips, however, with four metro areas making ATTOM's top 10 list of "markets with the highest flipping rate."

Among 92 metropolitan statistical areas with at least 90 homes flipped in Q3 2016, those with the highest flipping rate were:

  1. Memphis (11.0 percent)
  2. Clarksville, Tennessee (9.5 percent)
  3. Deltona-Daytona Beach-Ormond Beach (9.3 percent)
  4. Tampa-St. Petersburg (9.3 percent)
  5. Visalia-Porterville, California (9.3 percent)
  6. York-Hanover, Pennsylvania (9.2 percent)

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42 4 of 5 top Miami home seekers from South America

12/02/16

MIAMI – Dec. 2, 2016 – Colombia remains the top foreign country searching for South Florida real estate, according to new data released by the Miami Association of Realtors®. The South American nation finished as the top international country using Miami's search portal IWC Replica Watches, and it has been No. 1 for nine consecutive months.

Miami-Fort Lauderdale-West Palm Beach finished as the most searched U.S. market for international consumers in August, according to Realtor.com. Miami has ranked No. 1 in nine of the last 10 months.

A realtor.com analysis of real estate searches finds:

Top-10 U.S. markets for international real estate demand

  1. Miami-Fort Lauderdale-West Palm Beach
  2. Los Angeles-Long Beach-Anaheim
  3. Bellingham, Wash Read More

Realtor.com forecast: 2017 real estate trends

12/01/16

 
Panerai Luminor Replica

SANTA CLARA, Calif. – Nov. 30, 2016 – Next year’s housing market will see slow yet moderate growth, a changing composition of homebuyers and a post-election interest rate jump that could price some first-timers out of the market, according to the realtor.com® 2017 housing forecast.

Realtor.com’s 2017 housing forecast

The 2017 national real estate market should slow compared to the last two years. Realtor.com predicts that home prices will increase 3.9 percent, and existing home sales will increase 1.9 percent to 5.46 million homes. Interest rates are expected to reach 4.5 percent due to higher expectations for inflationary pressure.

The homeownership rate will stabilize at 63.5 percent af

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HomeUnion: Top U.S. cities for investment bargains

12/01/16

NEW YORK – Dec. 1, 2016 – During Cyber Monday week – the first week of the unofficial holiday season – everyone looks for a great deal, and real estate has plenty to offer too.

HomeUnion, an online real estate investment and management firm, released a list of the best places to find online bargains for investment housing on Cyber Monday.

In markets like Chicago; Greenville, S.C.; and Birmingham, Ala., investors may have the best chances of scoring wintertime discounts on single-family rental property, potentially saving 11 percent by buying properties now. In these markets, median home prices are $109,000 in the winter months compared to $122,000 during the spring and summer buying season.

"Cyber Monday is the perfect time for investors to shop for these SFRs (single-family residences), since they will already be taking advantage of seasonal discounts," says Steve Hovla

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