business: Foreclosure Report - June 2009
- 07/17/09 09:57 AM
It appears that the wave of foreclosures is still building. Nationwide, there were 1.5 million foreclosures in the first half of 2009 alone. This represents an increase of 15% from last year. Foreclosure filings increased an astounding 33% in June from the year prior. Nevada is still the clear leader in foreclosures. Their foreclosure rate for the first half of 2009 was well over 6%. Rounding out the top 5 were Arizona, Florida, California, and finally Utah. Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs! … (1 comments)
business: Foreclosure Property Search Made Easy
- 06/12/09 03:56 AM
When real estate is discussed nowadays, it seems as if the topics foreclosures & short sales are never far behind. Government and Bank-owned foreclosures offer tremendous home-buying opportunities for investors of all types. These foreclosures are called REO (Real Estate Owned) properties. These distress sales have the savvy investors licking their chops as property values are once again affordable, & instant equity is attainable on a large scale. Now the only challenge investors have is actually finding & identifying great values underneath the mountains of available homes for sale. Well, if you are searching for homes in Central Florida, a new … (0 comments)
business: Foreclosures in May 2009
- 06/12/09 03:54 AM
Foreclosure filings dip for the month of May. RealtyTrac, a national leader of foreclosure data, announced that filings fell over 6% from April to May. Although a total of 321,480 properties received default notifications, which represents am 18% increase from a year ago, it is the smallest annual gain since mid-2006. There is a silver lining! Florida is still in the Top 3 nationally in foreclosures. Nevada has the most, followed by California. To put it in perspective, on average there is 1 foreclosure per 398 households nationally. In Nevada, that number is 1 in 64. That is 6 times the national … (0 comments)
business: Foreclosures jump in April 2009
- 05/13/09 10:07 AM
April was a huge month for foreclosures. RealtyTrac, an internet foreclosure marketing website, reported that 1 in every 374 homes in the United States received foreclosure filings in April. Foreclosures spiked an overwhelming 32% in April. An astounding 10 states accounted for 75% of all the foreclosure activity. What is your foreclosure top 10? 1. California with nearly 100,000 filings. 2. Florida 3. Nevada 4. Arizona 5. Illinois 6. Ohio 7. Michigan 8. Georgia 9. Texas 10. Virginia Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs! … (0 comments)
business: Housing Vacancy
- 04/13/09 07:52 AM
The United States Cencus Bureau has reported that one in every 9 homes in the nation is sitting vacant . Leading economists are predicting that this won't change for at least several more years. Take this math into consideration . . . . between the years 2002 until 2007, the number of housing units increased by a whopping 8.65 million. By comparison, the number of households only increased by 6.7 million. Even if you factor in an estimate of 500,000 homes being torn down or lost, that still leaves over 1.3 million homes! Now those are scary numbers. Don't forget to visit … (0 comments)
business: Chase acquires Washington Mutual
- 09/26/08 01:01 PM
After months of speculation, Washington Mutual became the largest U.S. bank to collapse to date. Although WaMu shareholders have no reason to celebrate, those at JP Morgan Chase seized an opportunity. Chase bought WaMu's $307 billion in assets and $188 billion in deposits for a mere $1.9 billion, which actually goes to the FDIC. The bank will also re-capitalize by selling some of its stock to raise $8 billion. JP Morgan Chase will now have 5,400 branches in 23 states. Wall Street's reaction was positive on news of the acquisition, while shares advanced 10%. Investors believe the company continues to scoop up … (0 comments)
business: Disaster Preparation for Business Owners
- 09/04/08 08:47 AM
The Central Florida Development Council has created the Disaster Preparation & Business Continuity Planning Guide. The guide contains information relating to business preparation before a disaster and the CFDC's recovery plan, after the disaster has struck. The Guide offers: Checklist - Before, During, & After a disaster Hotlines & Websites for Business Emergencies Business Disaster Recovery forms Flood Zone Information CFDC's Post Disaster Business Recover Plan In order to access the Disaster Preparation & Business Continuity Planning Guide, click HERE. Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs! … (0 comments)
business: Polk County Growth Trend
- 03/24/08 06:04 AM
Polk County is in the top 20 of the fastest growing counties in Florida, according to county population figures released by the U.S. Census Bureau. The annual estimates indicate that on July 1, Polk County had 574,746 residents, an increase of 90,822 residents since 2000. Based on its population increase since the 2000 census, Polk was the 19th-fastest-growing county among Florida's 67 counties. From 2006 to 2007, the Census Bureau estimated that the population of Polk County grew by 16,723, a modest increase of 3 percent. Our neighbor, Osceola County, is the second-fastest-growing county in Florida and the 16th fastest growing county in the nation. Twelve … (0 comments)
It appears that the wave of foreclosures is still building. Nationwide, there were 1.5 million foreclosures in the first half of 2009 alone. This represents an increase of 15% from last year. Foreclosure filings increased an astounding 33% in June from the year prior. Nevada is still the clear leader in foreclosures. Their foreclosure rate for the first half of 2009 was well over 6%. Rounding out the top 5 were Arizona, Florida, California, and finally Utah.;)
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