Sunday, February 05, 2006

Houses are Piling up in Florida

The inventory of unsold houses is piling up in Florida. The Jersey Shore doesn't seem to be as speculative as Florida. However, when people with loans underwritten by national banks like Wachovia or Wells Fargo start to default in Florida, those banks are going to raise mortage rates all over the country, including here in Jersey.


"Lee County's housing market is slowing after years of robust growth — and the worst may be yet to come as homes already being built flood the market.

That's the word from experts who keep an eye on the numbers, and the numbers lately are raising concerns.

Every day, more than 400 houses go on the market, but only about a hundred are sold, according to real estate broker Denny Grimes, owner of Denny Grimes & Co. About 300 owners per day are reducing their sales prices.

While prices haven't fallen much, unsold houses are piling up and "the inventory will get worse before it gets better," said Grimes, who tracks the residential market for the annual The News-Press Market Watch real estate symposium to be held later this month."

More...

14 Comments:

Anonymous Anonymous said...

I was looking for blogs referring to Dallas and found yours. Great blog! I'm in Dallas and here's some info about me

Monday, February 06, 2006 5:39:00 AM  
Blogger grim said...

Jersey Shore not speculative?

I really must disagree.

Driving up and down LBI evokes a feeling of speculation at it's most manic..

grim

Monday, February 06, 2006 6:50:00 AM  
Anonymous boca country club said...

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Friday, June 02, 2006 2:06:00 AM  
Anonymous Anonymous said...

Has the Housing Bubble popped? says "Yes!" A typical subdivision -- the Boca Country Club -- characterizes the area, and the problem. Read more ....

Saturday, June 03, 2006 3:29:00 AM  
Anonymous Anonymous said...

In the year prior to Hurricane Wilma, which ripped through south Florida in October, 2005, 64 homes had new owners at the . A snapshot of the present may show the Housing Bubble has already popped.

Monday, July 10, 2006 12:42:00 PM  
Anonymous Anonymous said...

Hint #9 for . Bathrooms Sell Homes: Check and repair caulking in bathtubs and showers. Make the room sparkle!

Monday, July 10, 2006 12:56:00 PM  
Anonymous Anonymous said...

Hint #4 for . Fix That Faucet! Dripping water suggests faulty plumbing, one of the greatest fears that savvy buyers have.

Wednesday, July 12, 2006 4:30:00 PM  
Anonymous Anonymous said...

Cyber-wandering and looking for something that might help my own real estate business. Stumbled across your blog and enjoyed the visit. Thanks for the read. Visit my site if you have a chance.

Wednesday, July 12, 2006 5:49:00 PM  
Anonymous Anonymous said...

The average home is currently on the for about 4 months before it goes to contract. Around 15% of initial real estate contracts never make it to a successful closing ... something goes wrong, and the frustrated seller puts the home back on the real estate market .

Thursday, July 13, 2006 1:22:00 PM  
Anonymous Anonymous said...

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Thursday, July 13, 2006 10:09:00 PM  
Anonymous Anonymous said...

. Be It Ever So Humble: Never apologize for the appearance of your home. After all, it has been lived in. Let the trained agent answer any objections. That's the job of your Realtor�.
Go here for more ideas.

Sunday, July 16, 2006 1:42:00 PM  
Anonymous Anonymous said...

Even if you sell your home "as is, subject to inspection" � you can do a lot to . A top-notch Realtor� will probably hand you a list of at least a dozen things you can do to help improve your sale. If they don't, well, maybe you need to .

Sunday, July 16, 2006 8:37:00 PM  
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Thursday, July 20, 2006 10:44:00 AM  
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Thursday, July 20, 2006 4:31:00 PM  

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