News

9 global trends that may impact your market

11/08/16

ORLANDO, Fla. – Nov. 8, 2016 – Sometimes global shifts can rock the real estate industry worldwide, such as the Brexit vote that caused British investors to pull back due to a falling pound this summer and fall. Other signs are subtler.

As Carla Rayman told attendees at a session analyzing shifts in the global real estate market during the recent 2016 Realtors® Conference & Expo in Orlando, some trends are even quite sweet.

"Look for the macaroons and market to the French," Rayman advised. One of the ways French citizens find to emigrate is by opening shops featuring the delicious pastries their country is famous for creating. "That's one of the franchises they use to move."

Her business partner and co-presenter, Patricia Tan, said that many of the macaroon shops popping up in the United States might be traceable to policies that have moved political

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Fla. real estate market rapidly returning to ‘normal’

10/26/16

 

WASHINGTON – Oct. 26, 2016 – According to Freddie Mac, the nation's housing market is almost back to normal or, in Freddie's terms, "on the outer edge of its historic benchmark range of housing activity."

The study also found that Florida and many of its metro areas are improving quickly. The state came in second to Nevada as "most improved," and four metro areas made the top five for most improved month-to-month: Las Vegas, Palm Bay, Tampa, Orlando and Sarasota.

In Freddie Mac's list of metro areas most improved year-to-year, four Florida cities made the list: Orlando ranked first at No. 1, followed by Tampa, Chattanooga, Palm Bay and Lakeland.

Freddie gauges

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Fair Housing: Multifamily units must be accessible

10/24/16

WASHINGTON – Oct. 24, 2016 – Under the Fair Housing Act, multifamily housing built after March 1991 must contain accessible features for people with disabilities. Requirements include accessible common areas, bathrooms and kitchens, wider doors and environmental controls that can be reached by residents who use wheelchairs.

As a result, the U.S. Department of Housing and Urban Development (HUD) is charging the owners and developers of Ashlynn Estates, a 27-unit complex in Ellensburg, Washington, with housing discrimination for designing and constructing housing units that fail to meet the accessibility requirements of the Fair Housing Act.

"For more than 25 years, owners and developers have known their legal responsibility under the Fair Housing Act to design housing that is accessible to people with disabilities," says Gustavo Velasquez, HUD Assistant Secretary for Fair Housing and Equal Opp

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Single-family rental returns drop to nine-year low

10/20/16

IRVINE, Calif. – Oct. 20, 2016 – ATTOM Data Solutions' Q3 2016 Single Family Rental Market Report found that average single-family rental (SFR) returns dropped to a nine-year low for homes purchased so far in 2016.

The average annual gross rental yield – monthly rent, annualized, divided by median home price – among the 473 counties studied was 8.7 percent for properties purchased in the first seven months of 2016, down from an average of 8.8 percent for the same time period in 2015 and the lowest level since 2007, when the average gross rental yield across the 473 counties was 7.3 percent.

An interactive map displaying SFR returns in all Florida and U.S. counties included in the analysis is posted on ATTOM's website.

"While average rental retur

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ATTOM: The foreclosure crisis is over

10/13/16

IRVINE, Calif. – Oct. 13, 2016 – According to ATTOM Data Solutions, the foreclosure crisis is over.

ATTOM released its September and Q3 2016 U.S. Foreclosure Market Report, which includes default notices, scheduled auctions or bank repossessions. In September, foreclosures dropped 13 percent month-to-month and 24 percent year-to-year to hit their lowest level in over a decade – since December 2005.

"Foreclosure activity has been on a steady slide downward over the past six years, finally dropping back below pre-crisis levels in September," says Daren Blomquist, senior vice president at ATTOM. "While we've know that the national foreclosure problem has been dying a long, slow death for quite some time, the final nail in the coffin of the foreclosure crisis is the year-over-year decrease in the average foreclosure timeline nationwide that we saw in Q3 2016 – the first time

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State Property Management LLC's goal is to keep you and your tenants informed regarding all matters related to your property. Managers are avail able to answer any questions you may have about your rental property. Our goal is to keep you as informed as needed using any medium. Our mangers are available by phone email or fax to help keep you informed.