The trend continues as more homeowners fell behind on their mortgages, according to Realty Trac, an online marketer of foreclosed properties. Foreclosure filings were up 7.0% in August 2011 over July 2011. However, this is 33.0% below August 2010.
A bellwether for the future is the 33.0% rise in default notices on a sequential basis in August 2011. This is the beginning of the foreclosure process.
Some experts believe lenders are beginning a new push after being slowed down by the "robo-signing" issue last fall.
I find buyers are still focused on the distressed market with foreclosures being the choice over short-sales. I think the reason is primarily two-fold: lower price and less time to get approval.
Surprisingly, Florida was not in the top-three of states hardest hit by foreclosures. Nevada was number one in August, followed by California and then Arizona.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Saturday, September 17, 2011
Sunday, September 4, 2011
Hamlet Country Club in Delray Beach: Quarterly Update: Homes For Sale: Homes For Rent
The Hamlet Country Club community has a world-class golf and country club located in the heart of Delray Beach, Florida.
Located on Atlantic Avenue, minutes from the oceanic charm of Downtown Delray, the Hamlet Country Club is a gated community of quaint to estate properties surrounding one of the finest private golf courses in Palm Beach County. Club amenities, including an 18-hole championship golf course, complete practice facilities, a full service Clubhouse, Har-Tru tennis courts and a fitness center, are available to both Resident and Non Resident members.
During the past twelve months we estimate the average sold information for a single family home is as follows:
3 bedrooms
2 bathrooms
2,795 square feet
$231,000 sales price
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Located on Atlantic Avenue, minutes from the oceanic charm of Downtown Delray, the Hamlet Country Club is a gated community of quaint to estate properties surrounding one of the finest private golf courses in Palm Beach County. Club amenities, including an 18-hole championship golf course, complete practice facilities, a full service Clubhouse, Har-Tru tennis courts and a fitness center, are available to both Resident and Non Resident members.
During the past twelve months we estimate the average sold information for a single family home is as follows:
3 bedrooms
2 bathrooms
2,795 square feet
$231,000 sales price
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Thursday, September 1, 2011
Consumer Confidence, A Factor To Follow In The Housing Market: Homes For Sale: Homes For Rent
As we have discussed, one the important factors to follow in the housing market is consumer confidence. The more confident the consumer, the more likely there will be increased demand in the housing market.
The Conference Board, an industry group, said its index of consumer confidence dropped to 44.5 in August 2011 from 59.2 the month before. This is the lowest level in two years.
With consumers being more cautious, we would expect the housing market to show an increased level of softness. Indications are the buyer's market will continue into the near-term, in our opinion. The recent economic data, along with a deterioration in consumer confidence seems to point to sequential price reductions in the housing market, in our view. However, we do not anticipate large drops as was the case during the beginning the of "bubble" deflating.
We think this means those seeking to sell their homes need to price attractively and market aggressively. Qualified buyers should remain in the "driver's seat" for the foreseeable future.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
The Conference Board, an industry group, said its index of consumer confidence dropped to 44.5 in August 2011 from 59.2 the month before. This is the lowest level in two years.
With consumers being more cautious, we would expect the housing market to show an increased level of softness. Indications are the buyer's market will continue into the near-term, in our opinion. The recent economic data, along with a deterioration in consumer confidence seems to point to sequential price reductions in the housing market, in our view. However, we do not anticipate large drops as was the case during the beginning the of "bubble" deflating.
We think this means those seeking to sell their homes need to price attractively and market aggressively. Qualified buyers should remain in the "driver's seat" for the foreseeable future.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Your Credit Score, Getting A Mortgage, Renting And Buying A Home: Homes For Sale: Homes For Rent
Your credit score is important when looking to lease, rent out or purchase a home. According to CreditKarma.com, the threshold to be approved for a mortgage is a 660 credit score. The 660 score is also the threshold to be approved for unsecured credit, according to CreditKarma.com. I think this is also a good number to use when you are a landlord looking to approve a tenant or a tenant seeking to lease a home.
According to CreditKarma.com, about 40% of consumers have a credit below 660. This means that 4 out of 10 Americans would likely be denied for a mortgage. Obviously this hurts demand and weakens the overall housing market.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
According to CreditKarma.com, about 40% of consumers have a credit below 660. This means that 4 out of 10 Americans would likely be denied for a mortgage. Obviously this hurts demand and weakens the overall housing market.
If you are thinking of selling or buying a home, or require more information, please text me or call me at 561-247-3550. Please text or call to give me your name, telephone number and e-mail address for the ability to access home searches.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-247-3550
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
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