Longboat Key luxury awaits you! New Listing

Longboat Key luxury awaits you! Don’t miss the opportunity to make this your dream home in one of the most sought after neighborhoods on  Longboat Key! Southern exposure fills this 3 bedroom 2 car garage residence with generous amounts of light. Just off the intra-coastal waterways, no bridges to Sarasota Bay within minutes to the Gulf of Mexico! The Barrel Tiled roof and circular driveway makes for a grand entrance. But beware! As soon as you move in, all of your relatives  will soon be making a visit! You will fall in love with the large open entryway as well as the front doors in the dining room leading out to the covered porch area.  Updated tile and shower doors as well as double sinks in the master bathroom with an over sized closet.  This is the perfect place for entertaining! Just fire up the grill around the over sized screened pool and patio area.  This home also boasts a walk around dock right in your backyard with a fishing station for a fun filled day fishing. Country Club Shores also has Deeded Beach access as well as a short distance to the fine dining and shopping area of St Armand’s Circle

 

 

For more information or to schedule a showing call the C & G International Realty Team today! 941-556-5030 

Manatee Realtor defines purpose of Women’s Resource Center

Manatee Realtor defines purpose of Women’s Resource Center

We couldn’t be more proud of our Team Leader Angie Cegnar, as the guest speaker yesterday sharing her story on domestic violence to more than 250 people who attended the Women’s Resource Center’s Founders Impact Luncheon. Such a strong and inspirational woman! Read her story here on the front page of the Bradenton Herald!

Also wishing you a very HAPPY BIRTHDAY ANGIE!!!!!!

 

New Listing!!

Check out our new listing- This 3/2 Family home in Ancient Oaks is a MUST SEE!
Click on the photo for more images!
Interested in viewing this home call us now! or for any of your Real Estate needs call 941-556-5030.

Homes for sale remain in low supply

 

 

The supply of homes for sale is still unusually tight as the spring buying season opens, helping sellers by turning up the heat on already-rising prices.

 

The number of homes listed for sale on real estate website Zillow was down almost 17% in late February vs. a year earlier. In some California markets, they were down more than 40%, Zillow data show.

The supply crunch is likely to last all year, says IHS Global Insight economist Patrick Newport. “We’re still not building enough homes.”

While the U.S. is creating about 1.1 million new households a year, housing starts in January came in at an 890,000 annual rate, the government says.

But as prices rise, more owners will be motivated to sell, easing supply shortages, economists say.

Home prices were up 7.3% in the fourth quarter from a year before, Standard & Poor’s Case-Shiller data show. That was a much faster rise than most economists expected for 2012.

Nationwide, the supply of homes for sale — based on the pace of sales — fell in January to 4.2 months, the National Association of Realtors says. That’s an almost eight-year low. A six-month to seven-month supply is considered balanced between buyers and sellers.

The availability of the most expensive homes in the markets Zillow tracks has tightened more than those at lower price levels.

Homes for sale in what Zillow defines as the top price tier in each market fell by almost 21% in February compared to a year ago. By comparison, the inventory of homes in the middle tier dropped 17% and those in the bottom tier fell 9%.

The price tiers vary by market, based on local prices.

Five California cities in Zillow’s survey are among those seeing the biggest inventory drops, ranging from a 48% decline in Sacramento to a 36% falloff in Riverside. But other cities are also seeing significantly fewer listings. New York is down almost 19%, Dallas-Fort Worth, nearly 21%, and Orlando is off 27%.

Only five of 99 metros showed an increase in listings, led by El Paso, up 19%, and Albuquerque, up 8%. Little Rock, Fort Myers, Fla., and Youngstown, Ohio, also saw increases.

 

 

http://www.usatoday.com/story/money/business/2013/03/10/supply-of-homes-for-sale-still-lagging/1972853/

Fed court considers force-placed insurance

BOSTON – Oct 3, 2012 – If homeowners allow property insurance to expire, a mortgage lender can step in and force them to take a new policy, adding the monthly cost to the mortgage payment. But are there limitations?

The United States Court of Appeals for the First Circuit issued a ruling in September on the issue. In the case, a class action group of homeowners accused Bank of America of overcharging them for force-placed flood insurance. The lawsuit alleges that Bank of America breached its mortgage contracts and acted in bad faith by forcing borrowers to maintain excessive amounts of flood insurance.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=281885

U.S. housing starts rose 2.3% in August

WASHINGTON (AP) – Sept. 19, 2012 – U.S. builders started work on more homes in August, driven by the fastest pace of single-family home construction in more than two years. The increase points to steady progress in the housing recovery.

The Commerce Department said Wednesday that construction of homes and apartments rose 2.3 percent to a seasonally adjusted annual rate of 750,000 last month. That’s up from 733,000 in July, which was revised lower from last month’s initial estimate.

Single-family housing starts rose 5.5 percent to an annual rate of 535,000 homes, the best pace since April 2010. Apartment construction, which can be volatile from month to month, fell 4.9 percent.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=281302

NAR: August existing-home sales and prices rise

WASHINGTON – Sept. 19, 2012 – Existing-home sales continued to improve in August and the national median price rose on a year-over-year basis for the sixth straight month, according to the National Association of Realtors® (NAR).

Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – rose 7.8 percent to a seasonally adjusted annual rate of 4.82 million in August from 4.47 million in July, and are 9.3 percent higher than the 4.41 million-unit level in August 2011.

NAR Chief Economist Lawrence said favorable buying conditions get the credit.

http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=281280

Visiting Our Area? Here Are Some Useful Links

VisitFlorida.com

Virtual Tourist- Florida

Manatee County Map

Sarasota County Map

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.

Read more here: http://www.bradenton.com/2012/08/23/4168934/multiple-offers-possible-in-tight.html#storylink=cpy