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July 2015 Archives

Falling new home sales figures send mixed economic message

Real estate developers and investors in Florida and around the country may be surprised to learn that the number of new homes sold in June 2015 was down by 6.8 percent. The adjusted annual rate of new home sales was 482,000 in June compared to 517,000 in May. The May total was also adjusted down from an original estimate of 546,000. While some say the June figures indicate that the real estate market is cooling down, others point out that new home sales are traditionally volatile and account for only a fraction of the residential real estate market.

Activist investor urges Macy's to consider REIT

Florida residents may be aware that several prominent retailers and restaurateurs have sought to generate cash recently by transferring some of their properties to real estate investment trusts. The investment group Starboard Value have been vocal proponents of this strategy, and the activist company's CEO urged Macy's to follow Sears and Darden Restaurants down this path during a July 15 investor conference.

Top 10 list details issues in real estate

Every year, realtors in Florida and across the country look to Chicago where a report listing some of the top issues that are predicted to have an effect on real estate is produced. This report emerges around the end of the second quarter, and it is used by individuals and businesses to anticipate potential challenges that may arise in the next 12 months.

Home foreclosure not always the best or only solution

When homeowners in Florida are facing a loan default, there are a few options available. They may try to sell their residence, but in many cases there will not be enough time to find a qualified buyer. The remaining options may consist of having the foreclosure process commence or getting the mortgage lender to approve a short sale. Losing a home and the equity in it is not appealing in any circumstances, but there are relative benefits and disadvantages associated with these tactics.