Looking Beyond 'Housing Recovery' Headlines - Real Property Management

By
Real Estate Broker/Owner with Real Property Management of Sarasota & Manatee
https://activerain.com/droplet/XHP

Sarasota Property Management CompanyLooking Beyond 'Housing Recovery' Headlines - Real Property Management - Sarasota Property Management Company

Harvard’s Joint Center for Housing Studies (JCHS) just released a report that underscores the fact that all is not as it may seem with respect to the so-called "housing market recovery."  Some interesting facts reported in the report include:

  • Millions of owners are still struggling to make their mortgage payments.
  • Credit conditions for home-buyers remains extremely tight.
  • Homeownership rates are down.
  • Consumer spending on housing as a portion of income is up.
  • “Severely burdened households” (those spending more than 50% of 'pre-tax' income on housing) have increased 49% since 2001.
  • Market conditions are pushing more households into rentals.
  • The share of households owning homes is now at its lowest point since record-keeping began in 1976.
  • While declining, foreclosures and delinquencies remain at historically elevated levels.
  • With 1.4 million homes still in foreclosure, that equates to more than four times the average rate between 1974 and 1999.

Real Property Management of Sarasota & Manatee is the local affiliate office of the greater company, Real Property Management. Real Property Management is the largest residential property manager in the world having 250+ offices in the U.S. and Canada, and over 60,000 units under management. Real Property Management of Sarasota & Manatee works with the owners of condominium units, single family homes, duplex/multiplex units, and apartment complexes in: Sarasota, Bradenton, Venice, Lakewood Ranch, Parrish, Ellenton, North Port, Englewood, Palmetto, FL. Call us at 941-225-8183

CONTACT US HERE for a FREE Rental Evaluation and Property Management Quote!

 

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All the best!
Real Property Management of Sarasota & Manatee
of Sarasota & Manatee

Office: 941-225-8183

Web:
www.SaraMana.RealPropertyMGT.com

"Sarasota & Manatee County, FL Zip Code Market Area - Short Sales, preForeclosure 34201, 34202, 34203, 34204, 34205, 34206, 34207, 34208, 34209, 34210, 34211, 34212, 34215, 34216, 34217, 34218, 34219, 34220, 34221, 34222, 34228, 34243, 34250, 34251, 34260, 34264, 34270, 34281, 34282, 34229, 34230, 34231, 34232, 34233, 34234, 34235, 34236, 34237, 34238, 34239, 34240, 34241, 34242, 34272, 34274, 34275, 34276, 34277, 34278, 34293, 33834, 34251, 34284, 34285, 34223, 34224, 34284, 34285, 34286, 34287, 34288, 34289, 34290, 34291, 34292, 34293, 34295

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