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Uncategorized REALTOR Magazine-Daily News-More Owners Walk Away When Underwater More Owners Walk Away When Underwater A study of the Massachusetts housing market by researchers from Northwestern University and the University of Chicago concludes that a home owner’s propensity to default increases the further their loan goes under water. The study found that home owners begin to walk away after declines of 15 percent or […]
Uncategorized REALTOR Magazine-Daily News-More Owners Walk Away When Underwater More Owners Walk Away When Underwater A study of the Massachusetts housing market by researchers from Northwestern University and the University of Chicago concludes that a home owner’s propensity to default increases the further their loan goes under water. The study found that home owners begin to walk away after declines of 15 percent or […]
Uncategorized Is Mortgage Forgiveness the Answer? Is Mortgage Forgiveness the Answer? Some housing experts say the next logical step for helping home owners with negative equity is loan forgiveness. Home owners with no equity stake and no likelihood of having one anytime soon are increasingly likely to walk away. Some theorize that curbing that trend is the only thing that will […]
Florida Keys New Habitat Homes dedicated in Key Largo Two new homes have been built by Habitat for Humanity of The Upper Keys in the Largo Gardens neighborhood. These homes were dedicated November 16th. The two new partner families that will be living in the homes will be receiving 0% mortgages for the homes. The homes were sponsored by TIB Bank and KLI Supply. […]
Florida Keys New Habitat Homes dedicated in Key Largo Two new homes have been built by Habitat for Humanity of The Upper Keys in the Largo Gardens neighborhood. These homes were dedicated November 16th. The two new partner families that will be living in the homes will be receiving 0% mortgages for the homes. The homes were sponsored by TIB Bank and KLI Supply. […]
Uncategorized Hurricane Ike serves as a reminder of how lucky we have been here in the Florida Keys. A week after the eyes of the Florida Keys were all on Hurricane Ike, residents of the Florida Keys watched as Ike slammed into Texas this weekend. While we are all grateful that Ike spared us, our thoughts are with the people of Texas as they begin the arduous recovery after the storm passes. It […]
Uncategorized Hurricane Ike serves as a reminder of how lucky we have been here in the Florida Keys. A week after the eyes of the Florida Keys were all on Hurricane Ike, residents of the Florida Keys watched as Ike slammed into Texas this weekend. While we are all grateful that Ike spared us, our thoughts are with the people of Texas as they begin the arduous recovery after the storm passes. It […]
Uncategorized Mortgage Loan Rates – 5 Things a Home Buyer Should Know by Brandon Cornett Buying a home requires plenty of homework (no pun intended). There are new concepts to grasp, unfamiliar terminology to learn, and plenty of decisions to make along the way. The mortgage loan interest rate is one of the topics that confuse a lot of home buyers, especially the first-time buyers who are […]
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Uncategorized Mortgage Loan Rates – 5 Things a Home Buyer Should Know by Brandon Cornett Buying a home requires plenty of homework (no pun intended). There are new concepts to grasp, unfamiliar terminology to learn, and plenty of decisions to make along the way. The mortgage loan interest rate is one of the topics that confuse a lot of home buyers, especially the first-time buyers who are […]
Uncategorized New Record in World Real Estate Russian billionaire’s purchase of French villa sets new world record for most expensive home — $750 million! August 11, 2008 — The market for the average priced U.S. residence may be soft, but the über rich (especially the Russians) continue to drive prices up at the very top of the world’s luxury market. Case in […]
Uncategorized New Record in World Real Estate Russian billionaire’s purchase of French villa sets new world record for most expensive home — $750 million! August 11, 2008 — The market for the average priced U.S. residence may be soft, but the über rich (especially the Russians) continue to drive prices up at the very top of the world’s luxury market. Case in […]
Uncategorized The crème de le crème in the Upper Keys The Florida Keys is well-known for it’s spectacular ocean front estates overlooking the turquoise waters of the Atlantic Ocean and Florida Bay. Wondering what the top ten priced listings are in the Upper Keys? Here is a collection of the ten highest priced luxury single family homes in the Key Largo to Islamorada area, sure […]
Uncategorized The crème de le crème in the Upper Keys The Florida Keys is well-known for it’s spectacular ocean front estates overlooking the turquoise waters of the Atlantic Ocean and Florida Bay. Wondering what the top ten priced listings are in the Upper Keys? Here is a collection of the ten highest priced luxury single family homes in the Key Largo to Islamorada area, sure […]
Uncategorized 1st & 2nd Quarters: 2007 compared to 2008 How do the first two quarters of 2008 compare to the same time period in 2007? Here is a look at the numbers. Single Family, Open water (oceanfront, bayfront, open water) Year Properties Closed Average Sales Price Average Days on Market 2007 30 $1,985,167 264 2008 15 $1,903,333 278 Single Family, Canalfront Year Properties Closed […]
Uncategorized 1st & 2nd Quarters: 2007 compared to 2008 How do the first two quarters of 2008 compare to the same time period in 2007? Here is a look at the numbers. Single Family, Open water (oceanfront, bayfront, open water) Year Properties Closed Average Sales Price Average Days on Market 2007 30 $1,985,167 264 2008 15 $1,903,333 278 Single Family, Canalfront Year Properties Closed […]
Uncategorized Top Residential Sales in the Upper Keys for 2007 Wondering what the highest residential sales of 2007 were? From multi-acre bayfront estates to oceanfront getaways, there was something for everyone. Here are the top ten highest priced closed sales that took place in the Upper Keys in 2007, as found in the Florida Keys Multiple listing service. American Caribbean Real Estate is proud to […]
Uncategorized 2007 Third Quarter Sales Statistics for the Upper Keys How does the third quarter of 2007 compare to the same time last year? The waterfront single family market compares fairly closely. During the third quarter of 2006, 124 new listings entered the market. There were 31 sales, with and average price of $1,496,016 (lowest price was $525,000, highest price was $4,400,000). The average time […]
Uncategorized 2007 Third Quarter Sales Statistics for the Upper Keys How does the third quarter of 2007 compare to the same time last year? The waterfront single family market compares fairly closely. During the third quarter of 2006, 124 new listings entered the market. There were 31 sales, with and average price of $1,496,016 (lowest price was $525,000, highest price was $4,400,000). The average time […]
Uncategorized Mortgage Woes? Not Necessarily. . . . There’s been a lot of talk lately about the mortgage crisis. Yes, the mortgage industry is changing. While rates are still low, some of those creative financing opportunities of the past have started to disappear, or become much harder to obtain. Lenders are looking more closely at applications and using different guidelines in the approval […]
Uncategorized Mortgage Woes? Not Necessarily. . . . There’s been a lot of talk lately about the mortgage crisis. Yes, the mortgage industry is changing. While rates are still low, some of those creative financing opportunities of the past have started to disappear, or become much harder to obtain. Lenders are looking more closely at applications and using different guidelines in the approval […]
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