July Home Sales

1 08 2005

The frenzied pace of existing home sales in Florida eased in July with a total of
21,669 homes changing hands for an 8 percent decline, according to FAR.
Meanwhile, the statewide median sales price rose 33 percent to $252,300. The
national picture was similar: Sales of existing single-family homes decreased from
record levels with a double-digit increase in median price, according to NAR.





More Investors Become Landlords

1 08 2005

Scores of real estate investors are assuming the role of landlord, looking to turn a profit by renting out their properties. However, landlords must handle several responsibilities aside from collecting monthly rents. As a landlord, you must locate tenants, which can be difficult in markets where investors aggressively compete for renters. Such competition, coupled with an increase in home sales, can force landlords to discount rents. You must also draw up leases, keep track of income and expenditures for tax purposes, obtain adequate insurance coverage and make repairs as necessary. Consider assembling your own network of professionals who can help — such as attorneys, accountants, plumbers and locksmiths. And if the property is not nearby, you need a property manager.

Source: Investor’s Business Daily





Top 100 Best Places to Live

1 08 2005

MONEY magazine and CNN/Money came out with their Top 100 “Best Places to Live” this week, with four Florida cities making the list: Ponte Vedra Beach (No. 50); Lutz (No. 63); Hollywood (No. 70); and Lake Mary (No. 86). After reviewing more than 1,300 cities in the U.S., which town ranked as No. 1? Moorestown, N.J. Meanwhile, Marco Island came in at No. 2 for the city with the lowest commute time, based on cities with a population of more than 14,000 with above-average income, population growth and real estate appreciation during the past five years. Want to check out the complete list? Go to: http://money.cnn.com/best/bplive/index.html.





Fastest Growing U.S. Counties

1 08 2005

The top 10 by percentage growth, from July 2003 to July 2004.

County, State Population Growth
Flagler County, FL 69,005 10.1%
Kendall County, IL 72,548 8.3%
Loudoun County, VA 239,156 8.1%
Hanson County, SD 3,786 7.9%
Lincoln County, SD 31,437 7.5%
Lampasas County, TX 20,718 7.3%
Lyon County, NV 43,230 7.2%
Camden County, NC 8,437 7.2%
St. Johns County, FL 152,473 6.7%
Dallas County, IA 49,591 6.6%

Florida has 14 of the 100 fastest-growing counties in the United States, more than any other state, according to a study released by the U.S. Census Bureau.

Flagler County, in Northeast Florida between Daytona and Jacksonville, is No. 1, with population growth of more than 10 percent in the year ending June 30, 2004. Neighboring county to the north, St John’s, was No. 9, with 6.7 percent growth. The oldest city in the United States, St. Augustine, is in St John’s County.

Four midwestern counties made the list: Kendall in Illinois, Hanson and Lincoln in South Dakota, and Dallas in Iowa.

Los Angeles continues to be the nation’s most populous county with nearly 10 million residents, but Maricopa County in Arizona had the largest gain, with an increase of 112,233, or 3.3 percent.

No. 2 in total population was Riverside County, east of Los Angeles, which is attracting Angelinos fleeing high real estate prices there. Riverside gained 5 percent, a total of 89,128 people.

Sixty of the fastest-growing counties were in the South, 23 in the West, and 17 in the Midwest. Georgia and Texas had 12 each and Virginia had 10. Twenty one states did not have any counties among the 100 fastest growing.

Source: U.S. Census Bureau





July Home Sales

1 08 2005

The frenzied pace of existing home sales in Florida eased in July with a total of
21,669 homes changing hands for an 8 percent decline, according to FAR.
Meanwhile, the statewide median sales price rose 33 percent to $252,300. The
national picture was similar: Sales of existing single-family homes decreased from
record levels with a double-digit increase in median price, according to NAR.








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