Home vacancy rate falls to pre-housing bubble levels

WASHINGTON – Oct. 31, 2012 – The home vacancy rate – based on the number of unoccupied properties and those for sale – shrank to 1.9 percent in the third quarter from 2.1 percent in the prior three-month period.

The Commerce Department cited increased demand for housing and some economic improvements for driving the rate to the lowest point in seven years.

Read more at http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=283029


FHFA issues new short sale guidelines

WASHINGTON – Aug. 22, 2012 – The Federal Housing Finance Agency (FHFA) announced that short sales on homes under Fannie Mae and Freddie Mac would get easier after Nov. 1, 2012. It issued new guidelines that help homeowners hit by a financial hardship, moved by the military or held back by a home’s second mortgage.

Read more at: http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=280068

Multiple offers possible in tight housing market, experts say

Bidding wars are back as the housing market continues its recovery.

After years of lackluster sales and sagging prices, demand is growing while the number of homes for sale shrinks.

Those market conditions drive multiple offers in many areas, but real estate agents and other housing followers say sellers still can take practical steps to boost the level of interest among buyers.


For renters, buying a home pays off after 3 years on average

LOS ANGELES — Real estate website Zillow has a provocative data point for every renter thinking about buying these days: That move pays off after just three years on average nationwide.

The company, which lists for-sale and for-rent information on its site, has released a new analysis of what it calls the “break-even horizon,” comparing what it would cost to buy or rent the same home in a number of U.S. markets over time.


Housing market in Manatee, Sarasota continues to show strength

MANATEE — Existing home sales across Southwest Florida continued in June to flirt with paces not seen since the market’s historic balloon almost a decade ago.

Foreclosures actions show distressed-property pipeline full

SARASOTA – For the third straight month, distressed property filings in Southwest Florida in June were dominated by early stage foreclosures, suggesting that the pipeline of full-scale court proceedings by lenders will increase in the months ahead.