Wednesday, December 17, 2008
Monday, December 08, 2008
When the economy shrinks, so does the size of housing, sending the popularity of tiny apartments and condos soaring as construction costs rise and financial markets fall. Developers are also responding to buyers' penchant for urban living and their environmental awareness.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-120808.cfm
Monday, November 24, 2008
For the second month in a row, Florida's existing home sales rose in October: Florida Realtors reported a 15 percent increase in activity in the year-to-year comparison; last month's sales of existing condos statewide increased 5 percent in the year-to-year comparison. Meanwhile, NAR reports that existing-home sales fell 3.1 percent from the strong gain seen in September.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-112408.cfm
Friday, November 21, 2008
Based info from the NAR (National Association of Realtors), every year, the combination of median single family home price, family income, qualifying income, interest rates = the Housing affordibility index.
Here is how it works, a score of 100 means a family has the exact amount of income to qualify for a home, a score of 120 means a family has 120% of the income needed, therefore making it actually more affordable & the home mortgage payment a smaller portion of their bills.. http://www.realtor.org/research/research/hameth
So, we need to spread the word!!, there is no technical, financial, or analytical reason not to buy a home..
Not only is it the classic rallying cray of a "Great time to Buy" but its actually the "BEST time to Buy in out of the past 35 years"!!!!
Wow!! That is something to write home about... or at least to write to customers about homes about...
US HOUSING AFFORDABILITY INDEX is NOW 135
Thursday, November 13, 2008
Good Faith Estimates will be standardized effective Jan. 1, 2010, under rules issued by HUD yesterday. The change, HUD says, will save consumers $700 at the closing table by making it easier to compare mortgage offers from competing banks.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-111308.cfm
Wednesday, November 12, 2008
Starting Jan. 1, 2009, FHA will insure single-family home mortgages up to $271,050 in low-cost areas, and up to $625,500 in high-cost areas. While the February stimulus package temporarily raised the FHA maximum higher, $625,500 still represents a significant increase over the original $362,790 limit.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-111208.cfm
Monday, November 10, 2008
In the most recent issue of Forbes, the magazine lists the most and least vulnerable towns in the United States. Using criteria that focuses on 141 micropolitan areas in the nation, Lake City ranks 95th out of the 141 — the higher the ranking, the better, Forbes explained.
Of the Florida cities listed, only one — Key West, which is labeled the second least vulnerable town in the U.S. — ranks higher than Lake City.
Friday, November 07, 2008
Tuesday, November 04, 2008
Citizens Property Insurance Corp. announced that it will begin offering a Commercial Nonresidential Multi-peril (CNR-M) policy on Nov. 17, 2008. This new policy will be available to eligible nonresidential entities statewide.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-110408.cfm
Monday, November 03, 2008
Friday, October 24, 2008
The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of 2008 compared with the same period in 2007, according to data released Thursday. One bright spot: Filings in September were actually down 12 percent from August.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-102308.cfm
Tuesday, October 14, 2008
To compensate for a drop in sales, many new home builders switched to the construction of smaller houses. That worked for a while, but to attract buyers now, they're cutting square footage even more.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n5-101308.cfm
Wednesday, October 08, 2008
Pending home sales surged 7.4 percent, according to NAR's latest Pending Home Sales Index, and the number is 8.8 percent higher year-over-year. Lawrence Yun, NAR chief economist, says homebuyers were responding to improved affordability, especially in states such as Florida, California, Nevada, Arizona and Rhode Island.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-100808.cfm
Monday, September 29, 2008
Florida will receive $541 million in new federal foreclosure funds that must be used to buy property, rehabilitate abandoned homes and offer downpayment assistance to low-to-middle-income home buyers.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-092908.cfm
Tuesday, September 09, 2008
I wanted to take a minute & let you know about a sale we are having. This is our Land Liquidation Sale!!!. I have a list of listings that the sellers are very motivated & have authorized me to liquidate their properties at unheard of prices. These are all priced below market value for Columbia County, FL / Lake City, FL area. Check out the list below & regardless if this is the exact type of property you are looking for, these are incredible deals to check out. Otherwise forward these to anybody that you may know that may be interested. NOW is the time to get a deal.
- Lot 3 - Sylvi Cir - Star Lake Subdivision. This is a .58 acre LakeFront Lot. Originally priced at $84,000. This has been reduced to $39,900. You simply will not find another quality Lake front lot at this price. Seller needs quick cash closing. This is a deal!!MLS 66648.
- Olivia Court. This is a construction development opportunity. 1.66 acres. Priced at $29,900, and bring any offer. Zoned RSF-3, 8 units per acre zoning, preliminary plat NOT filed shows 8 possible building lots, or build off existing road. MLS 63259.
- Explorer Glen - Plenty of room to raise horses or a few other animals.. 16.17 acres priced at only $6178 per acre. $99,900 list price. NEW Listing. MLS 67962. Well, Septic on property per owner. Ft. White, FL area. One of the best prices in the county for acreage this size. Massive price reduction from original listing.
- Happy Jack Dr. - Several 10 acre lots available. BEST PRICE in THE COUNTY!!! for 10 acre tracts. Priced at only $53,000 for Lots 6 & 8, and $58,000 for Lot 7. MLS 64578. Only about 10-15 minutes from Lake City. Great Value.
- Lot 5 - Gideon Pl. This is a 10 acre parcel with 2 homesites already setup.. 2 wells, 2 power poles, 2 sceptics, Reduced by over $45,000 for buyer to take advantage of this. Priced at $69,900. MLS 65364.
- Haygood Loop. Multi-Family Development opportunity. Priced at $89,900, this is a 1.4 acre parcel. It is zoned & land use for 8 units per acre. Good locations, very close to schools, High & Dry. Multi-Family is great for Lake City, FL. Good demand MLS 61057.
- Horse Way. 5 acres close to Lake City, Mostly pasture. New Listing. Priced at only $49,900. MLS 67926. Great value, Great location in north central Florida.
Email me back for a map & a flyer on any property you are interested in. I will be personally coordinating all offers for the above properties, so contact me right away with questions, and about putting in your offer.
More Good Deals on Land & Homes Available at: http://www.chadstewart.com/
What does the federal government bailout of Fannie Mae and Freddie Mac mean to home buyers and sellers? Generally, it's a good thing, and brings stability to the mortgage market. Most experts even expect mortgage rates to drop some over the short term, though qualifying for a mortgage will remain a challenge unless the feds tinker with fees or rules.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-090808.cfm
Thursday, September 04, 2008
With most closings shut down by property insurers when a storm is "in the box," some sales may have to be scheduled between bouts of bad weather. Hurricane Gustav is departing only to see new threats from Hanna, a strengthening Ike and newcomer Josephine.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-090308.cfm
Thursday, August 28, 2008
Renters insurance isn't a burning issue to most renters. It's often only after a robbery that a policy suddenly seems like a no-brainer.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n5-082808.cfm
s this the real estate turnaround? On the heels of an increase in Florida home sales, a spike in new home sales and an upswing in consumer confidence, traffic to Realtor.com went up significantly in July, with traffic 29 percent higher and time spent on the Web site up 26 percent compared to one month earlier.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-082808.cfm
Monday, August 25, 2008
Single-family existing home sales rose in Florida for the first time in more than two years: While only six more homes sold in July 2008 than in July 2007, it could indicate stabilization in Florida's housing sector, according to FAR's latest housing statistics. NAR also reported that national existing-home sales rose in July to the highest level in five months.Read the full story:
Friday, August 22, 2008
How will homeowners fare with property insurers when seeking repairs for damage from Tropical Storm Fay? There's good news/bad news. Since Fay never became a hurricane, the higher deductibles don't apply. But flood damage is not covered under most policies, and less than half of homesteaded owners have a supplementary flood insurance policy.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-082208.cfm
Monday, August 18, 2008
With Tropical Storm Fay bearing down on Florida, most property insurers have stopped writing new policies, which could stall closings scheduled early this week if a mortgage lender demands coverage before releasing money. Florida's property insurer, Citizens Property Insurance, stopped writing new policies on Sunday morning, for example. Most insurers resume writing new policies once tropical storm or hurricane watches and/or warnings have been lifted. "The box" - the geographic area in which policies will not be written - varies among insurers, so it's worth a phone call for any closings scheduled during a storm. For more hurricane info, visit the floridarealtors.org hurricane page at: http://www.floridarealtors.org/NewsAndEvents/Before-disaster-strikes.cfm.
Thursday, August 14, 2008
Florida Realtors continued to report positive signs for the state's housing sector in the second quarter of 2008. Sales of both existing single-family homes and existing condos improved in the second quarter compared to first quarter 2008, according to FAR's latest housing data. A total of 35,178 existing homes sold statewide in 2Q 2008, up 38.2 percent over 1Q 2008. Nationwide, existing home sales rose from the first quarter in 13 states, according to NAR's latest survey.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-081408.cfm
Wednesday, August 06, 2008
Gov. Charlie Crist spoke out again in favor of Amendment 5 yesterday during one of his meetings with constituent groups, this time business people. The group included FAR President Chuck Bonfiglio, who thanked Crist for being ''the catalyst'' for Amendment 1, and said that Amendment 5 would be the second part of the tax relief promised by the governor.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-080608.cfm
Wednesday, July 30, 2008
President Bush signed the massive housing bill intended to provide mortgage relief for 400,000 struggling U.S. homeowners and stabilize financial markets. The measure also offers a temporary lifeline to mortgage companies Fannie Mae and Freddie Mac and tightens controls over the two government-sponsored businesses.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-073008.cfm
Friday, July 25, 2008
Thursday, July 24, 2008
Many Florida Realtors reported positive movement in their local housing markets in June, with the statewide median price for both existing home sales and condo sales up 1 percent over the May 2008 figures, according to FAR's latest housing statistics. The statewide existing-home median price last month was $205,500; the statewide median condo price was $183,700.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-072408.cfm
Wednesday, July 23, 2008
Doing a little listing marketing blogging today....
Here is my latest big listing...$6,900,000. The property is for sale or for lease.
http://www.halloffamedrive.com/ -- Website for complete property information.
Southern Mediplex is a 34,000+ sq ft 9.7 acre complex with innovative solutions for medical & health services. Property consists of 3 buildings including: a 2 story, 24,126 sq ft out-patient/office; a single story 6,285 sq ft Surgery center, and a 3,990 free standing building. Incredible location in Lake City, FL, near Hwy 90 & I-75. Information available regarding leases, current occupancy, floorplans, & more.
Chad Stewart - Westfield Realty Group - Real Estate Broker Associate in Lake City, FL.
Wednesday, July 16, 2008
Friday, July 11, 2008
High scores could relate to more money from state.
The Federal Reserve will issue new lending rules next week to protect future homebuyers from shady lending practices. The plan would apply to new loans made by thousands of lenders of all types, including banks and brokers.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-070908.cfm
Tuesday, July 08, 2008
While it's impossible to predict the future of median home prices, some experts don't think REOs will decline any more since banks are cutting such great deals right now.Read the full story:
Tuesday, July 01, 2008
It's a buyer's market, but sellers can increase the chance of a sale in today's climate by working with a Realtor and considering these eight things.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-070108.cfm __________________________
TAMPA, Fla. – July 1, 2008 – Blucher Bridges, a sales representative for Standard Pacific Homes in the Seven Oaks community in Wesley Chapel, Fla., recently sold his 300th new home.
Friday, June 27, 2008
Sales up, prices up, interest rates low. This is a great time to be in the real estate business.
Wednesday, June 25, 2008
Central bank ends nine-month course of rate cuts as it cites rising inflation risks and hints at a rebound in the economy.
This means that now is a great time to buy real estate, especially in the Lake City, FL area.
Tuesday, June 24, 2008
Consumers love real estate Web sites that offer an immediate estimate of a home's worth, and some Internet users are almost addicted to seeing fluctuations in their home's value. One problem, however: The percentage of error is still "very large," making any single home's estimate almost worthless.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-062308.cfm
Friday, June 20, 2008
from Chad Stewart - Lake City Florida Realtor & Blogger.
At least 22 people in Miami-Dade have been arrested on federal mortgage fraud charges in recent weeks, pushing the total to 102 people charged since September. In 2007, there were 47,000 "suspicious activity reports" in Florida, which leads the nation in the number of reports. In 2003, there were only 7,000 - an increase of more than 570 percent.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-062008.cfm
Tuesday, June 17, 2008
Major mortgage lenders have agreed to streamline and speed up the process for assisting distressed homeowners following criticism that they're too slow and sometimes unresponsive. Under new guidelines, homeowners seeking help can expect an answer within 45 days.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-061708.cfm
Monday, June 16, 2008
CORAL GABLES, Fla. – June 16, 2008 – Home prices in South Florida “easily” could be 20 percent to 30 percent higher by 2013, the chief economist for the National Association of Realtors said Thursday.Addressing local real estate agents during a conference at the Biltmore Hotel in Coral Gables, Lawrence Yun countered the persistent pessimism of experts who insist the region’s housing market will continue to struggle before rebounding slowly during the next few years.USA Today recently identified Yun as one of the nation’s top 10 analysts on a list measuring accuracy in forecasting. But real estate observers say he is overly optimistic because he works for the national Realtors’ group, whose goal is to promote home sales.
Friday, June 13, 2008
Wednesday, June 11, 2008
Tuesday, June 03, 2008
PROPERTY TAXES It appears that Florida cities aren't hurting too much from the property tax cuts created by January's Amendment 1 thanks to the number of commercial enterprises. But suburban and rural areas have lost more funding since private homeowners benefited more from the tax cuts, and many local governments say they must raise tax rates or cut spending.Read the full story:
Real Estate in Lake City,
Tuesday, May 27, 2008
Stone & hardy board house was built by Whiddon Construction. Great floor plan, great room wi vaulted ceiling, 18’4” x 12’8” master, his/her closets, wood floor in dining room, screened porch, sprinkler system, landscaping & sod, security system.
Must see this area with lots of room for kids to run, horses, ATV, gardening, etc. Tranquil rural area, but still short drive to town. Scattered oaks in the front of the lot & pasture land in the back. Call your Realtor for floor plan or tour.
Thursday, May 22, 2008
Wednesday, May 14, 2008
Friday, May 09, 2008
According to Realty Times, Florida real estate experts say the state's housing market is showing signs of recovery, despite falling residential prices and rising foreclosures and short sales. They note that inventory is expanding at slower rates, and home sales are on the rise in some markets. The Realtor Association of Greater Fort Myers, for instance, reports an 85-percent surge in pending single-family home sales in its area during the past 10 weeks. Meanwhile, pending sales jumped 65 percent in February from January in Fort Lauderdale, and 30 percent in March from the prior month in Palm Beach County.Source: Realty Times (05/09/08) Carr, M. Anthony © Copyright 2008 INFORMATION, INC. Bethesda, MD (301) 215-4688
Monday, May 05, 2008
It's a challenge to sell a home in today's market, but the battle eases considerably with careful preparation. Sellers should focus on the top 10 issues. Curb appeal, kitchens, bathrooms and doors head the list.Read the full story:
Check out this article from Forbes
Daily Real Estate News May 1, 2008 The First $2-Billion Home Is Coming The world’s largest and most expensive home will be completed in January.The 27-story skyscraper in downtown Mumbai, India, will be the residence of Mukesh Ambani and his wife Nita. Ambani, head of Mumbai-based petrochemical company Reliance Industries, is the fifth richest man in the world.The couple who have three children, are custom designing their $2 billion property with help from architecture firms Perkins + Will and Hirsch Bedner Assoc., based in Dallas and Los Angeles respectively.The home will have 400,000 square feet of interior space, nine elevators, a ballroom and a section for security guards and assistants to relax.There will also be an ice room where residents and guests can escape the Mumbai heat and be dusted by man-made snow flurries.Source: Forbes, Matt Woolsey (04/30/2008)
Friday, May 02, 2008
Thursday, May 01, 2008
Tuesday, April 29, 2008
Wednesday, April 23, 2008
Florida Realtors statewide reported slight gains in existing home and condominium sales from February to March 2008, according to FAR's latest housing statistics. A total of 9,142 existing single-family homes changed hands in March, a 10 percent increase over the previous month. Statewide existing condo sales totaled 3,145 in March, up 13.7 percent compared to February's sales.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-042208.cfm
Tuesday, April 15, 2008
Magazine rates area as No. 47 for doing business.
By TROY ROBERTS
Lake City was named one of the top 100 small business markets in the south — coming in at No. 47 — in the April issue of Southern Business and Development magazine.Lake City was second on the list in the state of Florida behind Palm Coast.
This is the second time in the past decade that Lake City has been named one of the top small business markets by this magazine, said Jim Poole, executive director of the Lake City-Columbia County Chamber of Commerce.“This is based on the number of actual deals or company locations within your community that has created a minimum of 200 jobs,” Poole said.
He said the scoring is done during the course of a five-year time frame, and new industries in Lake City such as Hunter Panels, New Millennium Building Systems, U.S. Cold Storage and Target helped Lake City place on the list again.Ranking businesses east of Texas and south of West Virginia, the magazine ranked communities similar in size to Lake City, Poole said, and noted that many of the communities were larger than Lake City and very few, if any, were actually smaller.
Lake City being named to the list could help future expansion, Poole said, as companies looking to relocate into the South or into Florida will see Lake City’s high ranking.
“The last time (we were named to the list), it definitely helped us because people began to realize where we were, and began to look and see who is here and what’s happening and why this community was emerging,” he said.“I think that will continue,” Poole said.
“The magazine goes out to site developers, company locators, people looking for new locations for businesses; when they go through the businesses on the list, they’ll see how well we did within the state and southern markets.”
Friday, April 11, 2008
Tuesday, April 01, 2008
Wednesday, March 26, 2008
Monday, March 24, 2008
Monday, March 17, 2008
Friday, February 29, 2008
Only three days remain: Friday is the deadline for homeowners to apply for a homestead exemption, and, for 2007 homebuyers, the last day to apply for property tax portability – the right to take tax savings from a home protected by Florida’s Save Our Homes amendment and transfer it to a home purchased last year.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-022608.cfm
NAR’s housing report yesterday had some good news. While the sales numbers were down, they weren’t as dismal as many economists expected. Some investors saw that as positive news, and a sign that the housing downturn is on the verge of bottoming out.
Monday, February 25, 2008
ORLANDO, Fla. – Feb. 25, 2008 – The mortgage credit crunch and a sluggish economy continued to affect the sales pace of existing homes and condominiums in Florida in January. Statewide, sales of existing single-family homes totaled 6,737 last month while 9,360 homes sold in January 2007 for a decrease of 28 percent in the year-to-year comparison, according to the Florida Association of Realtors® (FAR).
But some industry analysts expect sales activity to improve by the second half of the year, especially if the increased loan limit caps within the federal government’s economic stimulus package can be implemented quickly. In the latest market outlook from the National Association of Realtors®, Chief Economist Lawrence Yun says, “Existing-home sales have moved narrowly since last September, but when the full impact of higher loan limits for conventional mortgages begins to hit the market, there is likely to be a notable rise in home sales and prices. If higher limits are enacted very quickly, we’ll see a faster and more meaningful recovery by expanding safe, affordable financing in high-cost areas – that, in turn, would help to stimulate overall economic activity.”
Tuesday, February 19, 2008
Thursday, February 07, 2008
Wednesday, January 30, 2008
Now is the time to buy a home.
Check out http://www.chadstewart.com/ & start browesing for Lake City, FL Homes & Real Estate today.
If "getting organized" is on your list of New Year's resolutions, you're not alone. Surveys show that getting organized is right up there with exercising, spending more time with family and paying off debt.
Organizing your home from top to bottom doesn't have to be a daunting task, especially if you focus on one room at a time and work in short intervals. Help your clients and customers get their homes in shape for 2008 by printing out and sharing these helpful tips.
8 Home Organization Tips
Monday, January 28, 2008
Amendment 1 cuts property taxes for all homeowners.
Amendment 1 doubles the homestead exemption.
Amendment 1 cuts property taxes on businesses.
Amendment 1 makes the "Save Our Homes" property tax cap portable by allowing owners of homesteaded property to take up to $500,000 of tax savings with them when they purchase another home.
AMENDMENT 1 WILL BRING US BUSINESS!
Amendment 1 *DOES NOT* remove "Save Our Homes" as was proposed in the super-homestead legislation that failed last fall.
Sunday, January 27, 2008
Wednesday, January 23, 2008
Friday, January 18, 2008
Thursday, January 17, 2008
Tuesday, January 15, 2008
Tuesday, January 08, 2008
Florida’s housing market slowed in 2007, flattened out and will begin to recover in 2008, according to a new forecast report from the Attorneys’ Title Insurance Fund. “Florida has a very large and powerful economy that has gone through a cyclical downshift, but it is still outperforming compared to the rest of the nation,” says Orlando economist Dr. Hank Fishkind, who created the report.
Read the full story: