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Residential Real Estate Archives

Affordable LGBT senior housing complex coming to South Florida

South Florida is one of the most popular areas in the country for people to retire. Many of those retiring seniors are lesbian, gay, bisexual and transgender (LGBT). That group is growing. By 2030, the U.S. Census Bureau estimated that there will be 7 million LGBT people over 50 years old.

Florida homeownership rate hits new low

Experts often look at the health of a state's housing market to help determine how well its economy is doing. As Governor Rick Scott runs for the U.S. Senate against incumbent Senator Bill Nelson, he is touting the state's economic strength. However, Florida has reached a record low in an important indicator -- the rate of homeownership.

What you should know if you're considering a short sale

When a homeowner can no longer afford to pay their mortgage, they may opt for a short sale. This is where the home is sold for less than the amount remaining on the mortgage(s). However, the homeowner isn't required to pay the difference.

Naples area ranked best in the country

An area here in Collier County has been named the best neighborhood in the entire country. According to ATTOM Data Solutions, the Pine Ridge neighborhood, located in Naples, ranked highest out of the 11,000 neighborhood housing markets it studied. The rankings are based on six criteria:

What is 'red tide' and why is it lowering Florida home prices?

Florida has many unique natural features and weather patterns. Unfortunately, some of those can be destructive to homes and surrounding land. Of course, hurricanes can and do destroy large swaths of property. However, the culprits are often less obvious but nonetheless insidious. People with coveted waterfront properties on lakes and canals are particularly susceptible to problems like red tide.

How did 2017's hurricanes affect Florida foreclosure filings?

After the hurricanes that ravaged parts of Florida last year, it would be expected that foreclosure rates would rise. According to a recent study by a real estate analytics company, foreclosure filings in the first quarter of this year were up in the areas impacted by the barrage of hurricanes. However, they're still less than they were before the storms. That's the case both in regions of Florida and Texas, where Harvey and Irma wrecked havoc.

Do you know how extreme weather may affect your mortgage?

In 2017, natural disasters remained in the headlines, one after another pummeling the landscape and wreaking havoc on property values in areas that previously were not considered risky areas. From hurricanes that raged through the Atlantic and over the mainland to large scale fires along the West coast, many homeowners across the country faced adversity like they had never seen.

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