News

Magazine says Fla. is second-best state for business

05/11/16

GREENWICH, Conn. – May 11, 2016 – Chief Executive magazine released its annual Best & Worst States for Business survey and CEOs again rated Texas as the No. 1 state in which to do business – abut No. 2-ranked Florida continued to steadily edge up in qualitative measures.

Florida "has aggressively moved ahead on key issues, like rebuilding ports, without waiting on federal support," the report says.

North Carolina, Tennessee and Indiana rounded out the top five, and Ohio ranked as the biggest gainer, rising from No. 22 in 2015 to No. 10 this year.

The Best & Worst States for Business survey captures the sentiments of CEOs on a range of important issues. The magazine calls the CEO opinions "crucial" because their judgments drive investments in offices, factories and other facilities that bring jobs to a region.

In addition to the ov

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Fla.’s housing market: Median prices, new listings up in 1Q 2016

05/09/16

ORLANDO, Fla. – May 9, 2016 – Florida's housing market reported more new listings, higher median prices and fewer days to a sales contract during the first quarter of 2016, according to the latest housing data released by Florida Realtors®. Closed sales of single-family homes statewide totaled 57,913 in 1Q 2016, slightly up (0.3 percent) over the 1Q 2015 figure.

"In the first three months of 2016, traditional housing gsales rose in Florida while distressed property sales continued to decline – which underscores stability in the state's housing sector," says 2016 Florida Realtors President Matey H. Veissi, broker and co-owner of Veissi & Associates in Miami. "Another positive sign: New listings for single-family homes over the three-month-period rose 4.5 percent year-over-year, while new condo-townhouse listings rose 6.6 percent."

The statewide median sales

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In 9% of U.S. markets, an all-cash sale costs more

04/28/16

IRVINE, Calif. – April 28, 2016 – All-cash buyers of single-family homes and condos nationally paid 23 percent less per square foot than all homebuyers – but cash buyers in 9 percent of local housing markets paid a premium price per square foot, according to RealtyTrac's Q1 2016 U.S. Cash & Institutional Investor Housing Market Report.

In Florida, Naples made RealtyTrac's top five list of local markets where cash buyers paid more for a home than buyers who took out a mortgage – an average 3.9 percent more. In addition, Cape Coral-Fort Myers ranked eighth nationally with cash buyers paying 1.5 percent more.

"While large institutional investors and other cash buyers continue to shrink as a share of U.S. home sales, these buyers still typically beat out traditional buyers using financing – in some cases even when they

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100 million Americans have a criminal record

04/26/16

WASHINGTON – April 26, 2016 – Each year 650,000 Americans are released from prison, according to federal data. By some estimates, almost a third of Americans have a criminal record, including the many people who have a record for a minor infraction, or an infraction that occurred a long time ago.

This statistic now impacts property managers because the U.S. Department of Housing and Urban Development (HUD) recently suggested that a complete ban on ex-criminals could be a form of discrimination that violates the Fair Housing Act. While people with a criminal record are not a protected class under the Act, minorities are, and minorities are disproportionately represented among those with a criminal record, according to HUD.

Under the government's guidance, the goal is to take a nuanced view when creating a housing policy. As a result, HUD believes that a property manager's policy that rejects any

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Fla. has two ‘top 10’ cities for RE investing

04/13/16

ORLANDO, Fla. – April 13, 2016 – HomeVestors – the We Buy Ugly Houses people – and Local Market Monitor published their Best Markets Top Ten List for Real Estate Investing for the first quarter of 2016, and two Florida cities made the list: Orlando and Tampa.

To identify top investment cities, the study ranks them based on increased job opportunities in the past year. The overall national average increase was 1.9 percent.

Two Texas cities topped the list: Dallas-Plano-Irving followed by San Antonio. Grand Rapids-Wyoming, Michigan fell to third place, with Orlando in fourth place. Atlanta-Sandy Springs-Marietta, Georgia came in at No. 5.

"Good job growth is driving prices higher in our markets, mainly in business services but also tourism (Orlando, San Antonio), finance (Charlotte, Dallas) and manufacturing (Grand Rapids)," says Ingo Winzer, pre

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