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Keeping vacation homes rented in off-peak seasons Print E-mail
Tuesday, 19 September 2006

Below follows are some steps vacation-home owners have taken to make the rental season last well beyond the peaks, increasing their income and lightening their mortgage loads.

If business is slow, owners might also consider calling or emailing repeat guests with discounted "VIP" off-season stays. These could be customized as celebratory weekend specials if an owner knows the regulars have a birthday or anniversary coming up.

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Florida’s real estate industry worries on soaring insurance costs Print E-mail
Tuesday, 19 September 2006
The crisis on property insurance threatens Florida’s commercial real estate market and its economy.  Soaring insurance prices are the top issue now.  The cost of insurance has gone from a minor operating expense to the largest one.  The pressure on property owners would eventually translate into the broader economy and into higher consumer prices. 
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Purchase applications of homes went up on holiday week Print E-mail
Tuesday, 19 September 2006
WASHINGTON, D.C. -   The market Composite Index had an increase of 3.2 percent on a seasonally adjusted basis from 566.3 one week earlier.  This is a measure of mortgage loan application volume. On an unadjusted basis, the Index decreased 8.3 percent compared with the previous week and was down 22.8 percent.
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Confidence on home builder fell Print E-mail
Tuesday, 19 September 2006
For the eight consecutive month home builder confidence went down.  This was according to the National Association of Home Builders, which the Wells Farge Housing Market Index announced.  It is expected that the market would level out around the middle of next year and begin moving up again in 2008.  At that time, long-term housing fundamentals will be very favorable. In fact, the housing market that emerges from this correction will have better balance between supply and demand and will be able to ride on excellent underlying fundamentals for years to come.
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Real Estate Markets show young home buyers as great influence Print E-mail
Tuesday, 19 September 2006
Many consumers in their 20s are more likely to buy a home at a younger age.  The next generation of homeowners is beginning to exert influence on the housing market.  Many younger buyers have seen the wealth-building effects of homeownership in their parents and understand the value of housing as a good long-term investment.
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What to be aware of when buying a condo Print E-mail
Tuesday, 19 September 2006

Ownership of condominium units is a popular move by buyers in the US.  It seemed that condo developments are a win-win situation for everybody.  For builders, they can represent a strong return on investment. 

Condominiums come in all shapes and flavors. The newest breed is found in the urban areas. This is partly due to the trend towards urban renewal and redevelopment that is found in many portions of this country.

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