Here’s a recent post regarding real estate foreclosures in Florida.
There’s no doubt what the F-word has come to mean in Florida over the past three years: Foreclosure.
There are almost 40,000 properties now in foreclosure in the Sunshine State. Almost 30,000 more are in the short sale process, which means homeowners are underwater on their homes and trying to sell them for less than they owe the bank. Another 56,000 are in pre-foreclosures – homeowners are behind on their mortgage payments and at risk of foreclosure. These are the short sales and foreclosures of tomorrow.
Permanent link to this post (97 words, 2 images, estimated 23 secs reading time)
Some recent commercial real estate news regarding Florida’s markets.
Posted By Alison Agudo on August 29th, 2011
Despite statewide trends, Miami-Dade shopping centers are providing tempting development opportunities for commercial real estate developers.
Miami-Dade county vacancy rates are lower and occupancy rates are higher than anywhere else in Florida. With occupancy rates above 90 percent and rental rates above $18 per-square-foot, Miami has seen a decrease in retail vacancy rates for five straight quarters – a recovery not seen in many markets across the country.
Permanent link to this post (87 words, 2 images, estimated 21 secs reading time)
Jeff Faine of the Tampa Bay Buccaneers has become a major player in the Florida commercial real estate market. It shows that investing in commercial real estate is profitable and a wise use of capital.
Sports celebrity emerges as downtown player
August 28, 2011|By Mary Shanklin, Orlando Sentinel
When Tampa Bay Buccaneers center and hometown celeb Jeff Faine opens his mouth, he lays out with aplomb a series of real estate deals that he has consummated, some investment opportunities he has missed, and his concerns about the downtown club scene.
Permanent link to this post (91 words, 2 images, estimated 22 secs reading time)
ORLANDO, Fla. – Aug. 12, 2011
The “2011 Florida Commercial Market Watch”, released by Florida Realtors, finds tempered optimism in the six cities tracked by NAR researchers, with job creation leading most markets.”Job growth creates demand for commercial space, and the (national) economy should be adding between 1.5 million and 2 million jobs annually both this year and in 2012, with the unemployment rate falling to 8.0 percent by the end of next year,” says Lawrence Yun, NAR chief economist.
Florida commercial real estate markets are attractive. Don’t allow opportunities to pass you by…they won’t last.
Offshore investors are flocking to Florida’s distressed real estate prices as major companies with ties to Hong Kong, Spain, Argentina and Malaysia are snapping up properties sensing the local market has bottomed.
Permanent link to this post (50 words, 2 images, estimated 12 secs reading time)
I’ve always been a fan of Dr. Sean Snaith. Snaith is the director of the University of Central Florida’s Institute for Economic Competitiveness and a nationally recognized economist in the field of business and economic forecasting. Today he released his latest Florida metro forecast offering a slightly improving economic outlook for Florida through at least 2014.
Snaith expects unemployment to remain stubbornly high — not falling below 10 percent until next year — He goes on to call the housing boom of the mid-2000s a “once-in-a-lifetime event that we will probably not see again”
0 Comments 
