Florida Leads Nation in Cash-Only Home Sales

4what Florida Real Estate Info, For Buyers, For Sellers, National News, National Real Estate Info

MIAMI – Aug. 29, 2013 – Florida led the nation last month with what one expert called an “astounding” rate of all-cash home sales: 66 percent, a new report shows. Investor groups, international buyers, landlords and those in the market for vacation homes are fueling a cash-only market that has virtually shut out entry-level homebuyers, who can’t get approved for …

NEW for 2013 Property Tax Reform

4what Florida Real Estate Info, For Buyers, Local News, Naples Real Estate Info

In November 2012, Florida voters approved amendments to the Florida Constitution granting the following: Amended 2 – Veteran’s Disabled Due to Combat Injury; Homestead Property Tax Discount – This amendment removes from Florida Statute 196.082, the requirement that the veteran must have been a Florida resident at the time of entering the military to qualify for the combat-related disability. The …

Is Generation Y Ready for Homeownership?

4what For Buyers, National Real Estate Info

  NEW YORK – Aug. 15, 2013 – Millennials, also known as Generation Y, have come of age during one of the most turbulent economic times in American history. And these 20-somethings still want to buy homes, despite seeing home values plummet during their formative years. “The aspiration for homeownership is still there, but they also recognize it might take …

South Florida Home Prices Climbing Back

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MIAMI – July 31, 2013 – Seven years after the South Florida real-estate bubble stretched as far as it could, buyers continue to pump more air into the deflated market. New numbers from the S&P/Case-Shiller real-estate index for South Florida show home values up 14 percent this year. That’s the best 12-month gain since July 2006. “I don’t hear people …