Bob Forman's Real Estate Blog

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Real Estate Agent - MVP Realty - SL3217142
I will share my thoughts on SW Florida plus information on property that I hope my readers will find useful. All feedback and comments are more than welcome. Thanks, Bob
MIAMI – Nov. 1, 2013 – Interest in single-family homes from corporate buyers such as equity firms has been a major factor in moving Florida’s residential real estate market out the recessionary doldrums. But there’s been another big source of demand for Florida residences: In 2012, one in five sa...
WASHINGTON – Nov. 1, 2013 – Though Congress has momentarily turned away from the political sniping that characterized this month’s government shutdown, economists and industry experts are watching Washington closely. They say the impact of the government shutdown, as well as coming changes to the...
RealtyTrac released its Aging Homes Analysis, which shows that more than 70 percent of the U.S. single-family homes were built before 1990 – but only 60 percent of 2013 sales year-to-date were for homes built before 1990.  “The high percentage of homes that are at least 20 years old and likely in...
GAINESVILLE, Fla. – Oct. 30, 2013 – Florida’s consumer confidence fell sharply in October to 71, a seven-point drop compared to September and its lowest level in nearly two years, according to a new University of Florida (UF) survey.“This is the lowest reading since December 2011 following the la...
SAN FRANCISCO – Oct. 29, 2013 – If home prices edge higher, the housing market will see higher home sales, according to a new paper by two senior economists with the Federal Reserve Bank of San Francisco. The economists note that it’s not that the higher prices entice buyers as much as the higher...
American Home passes on stucco homes. Silver Bay Realty Trust avoids cedar siding. Investment companies that buy homes out of foreclosure or other distress situations usually can’t get inside them to see what kind of shape they’re in. Nor do they have the time or manpower to do so. Instead the fi...
IRVINE, Calif. – Oct. 24, 2013 — RealtyTrac’s September 2013 U.S. Residential & Foreclosure Sales Report, which includes single-family homes, condominiums and townhomes, found homes sales up 2 percent from August and 14 percent compared to September 2012. It also found a preponderance of purchase...
WASHINGTON – Oct. 23, 2013 – The U.S. Federal Housing Finance Agency’s House Price Index rose 0.3 percent in August with prices now higher for 19 consecutive months, the agency said. The agency said the previously reported July increase was revised lower from 1 percent to 0.8 percent. The index k...
 SAN JOSE, Calif. – Oct. 22, 2013 – – The National Association of Realtors®’ (NAR) consumer-facing website operated by Move Inc. – released the results of its Haunted Housing Report that explored consumer sentiments about their perceptions of “haunted” real estate.“Survey data reveals...
Fort Myers is almost ready to unveil its new, downtown waterfront, but developers have yet to sign any contracts to build. A ribbon-cutting is tentatively scheduled for the first weekend in December, said Don Paight, executive director of the Fort Myers Community Redevelopment Agency. “For all pr...

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