Fri Jan 27, 2012 on Blog
Proof that the housing market is far from recovered, numbers released by the Commerce Department this week show new home sales at a record low for the sixth straight year. In 2011, the non-seasonally adjusted sales for were 302,000, down from 323,000 in 2010. The last time sales didn’t drop was 2005, when we saw 1.2 million sales. According to […]
Thu Jan 26, 2012 on Florida Real Estate
As the demand for affordable housing continues to grow, innovative housing start-ups such as Boxabl are providing an alternative to traditional home construction methods. Boxabl offers a mass-produced option for small Accessory Dwelling Units (ADUs) that can be delivered and set up in as little as two hours. Their Casita product, a 375 sq ft ADU, comes equipped with a full-size bathroom, […]
Tue Jan 17, 2012 on Blog
More good news for home buyers from the Department of Housing and Urban Development, who said in their latest housing scorecard that homes haven’t been this affordable since 1971, when Richard Nixon was president. In this latest report HUD announced the October 2011 affordability index was 197.8. Compare that to the height of the house price bubble in 2006, when it […]
Sat Dec 17, 2011 on Blog
Florida is hovering around the average for growth in rental costs, seeing a 67 percent increase in the average rent from 2008, while still posting some of the highest home prices in the country. Check out the graphic below for some interesting numbers nationwide. We looked for a pattern between the states that saw the highest jumps in rent, and […]