New Housing Starts and Permits moved forward in May from the lows set in prior months. Housing starts increased 17.2% to an annual rate of 523,000 units according to the Commerce Department. Additionally, New Building Permits rose 4% the largest gain since June of last year. These are encouraging numbers, inparticular if we can continue...
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The National Association of Realtors announced today that Pending home sales for April were up 6.7% from March. This is the third month in a row that pending sales have increased. Slowly it seems that we are creeping out of the bottom of the real estate market. Additionally, we see that 30yr mortgage rates are...
A small trend is forming in existing home sales in Florida. We have reached the eighth consecutive month where sales activity have increased year over year. In April we saw the following for Florida Existing Single Family Home Sales 18% increase (yoy) Existing Condo Sales 21% increase (yoy) On the alternative side we continue to...
The Florida Senate is considering joint resolution Bill # 532 related to among other things the reduction in the maximum increase in tax assessment for commerical or residential rental property to no more than 5% or the average annual percentage growth in revenue derived from the property for the preceding 3 years. This would be...