Financial mogul Sam Zell, beleaguered owner of the Tribune Co. that declared Chapter 11 bankruptcy last week, told an Israeli business conference Sunday that the U.S. real estate market will be in recovery by spring 2009.
Zell pointed out that the U.S. population is growing, and with fewer than 600,000 building starts in 2008, a million fewer than any of the last 10 years, demand for housing will rise.
Zell blamed the current crisis - at least in part - on ill-considered decisions. "We are living through our first Blackberry recession where, literally, information is instantly disseminated around the world and people, in effect, respond to it, perhaps, often without any particular caution or attention," he said.
Source: Reuters News, Ori Lewis (12/14/2008)© Copyright 2008 INFORMATION, INC. Bethesda, MD
Search Naples FL Golf Course Homes for Sale in Foxfire
Sunday, December 28, 2008
Monday, December 1, 2008
Foxfire Golf Community - Closed Sale Info
Foxfire Community Statistics - November 2008; Sold, Pending and Active Listings
49 - Active
2 - Pending
1 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Foxfire
49 - Active
2 - Pending
1 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Foxfire
Friday, November 28, 2008
Florida Association of Realtors report indicates home sales up in third quarter
According to the latest housing statistics from the Florida Association of Realtors, sales of existing single-family homes in Florida rose 5 percent in third quarter 2008 compared to the same period last year. A total of 33,203 existing homes sold statewide in the third quarter this year; during the same period last year, 31,558 existing homes sold statewide.
FAR reports the statewide existinghome median sales price was $185,400 in the third quarter; a year ago, it was $233,200 for a decrease of 20 percent. In 2003, the third-quarter statewide median sales price was $163,700, which reflects an increase of about 13.3 percent over the five-year period. The median is a typical market price where half the homes sold for more, half for less.
To gain insight into Florida's real estate industry trends, the University of Florida's Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. Based on the third quarter 2008 survey, the investment outlook for various types of properties remains steady.
"People who have responded to our surveys have not lost their faith in Florida as a place to be and a place to invest," Wayne Archer, director of the center, said. "We have 40 pages of comments… and although the dominant theme is the disruption of financing, perhaps the second theme, as one person put it, is people being on the sidelines with full pads and helmets just waiting to jump back in."
Source: Florida Weekly
Search Naples FL Golf Course Homes for Sale in Foxfire
FAR reports the statewide existinghome median sales price was $185,400 in the third quarter; a year ago, it was $233,200 for a decrease of 20 percent. In 2003, the third-quarter statewide median sales price was $163,700, which reflects an increase of about 13.3 percent over the five-year period. The median is a typical market price where half the homes sold for more, half for less.
To gain insight into Florida's real estate industry trends, the University of Florida's Bergstrom Center for Real Estate Studies conducts a quarterly survey of industry executives, market research economists, real estate scholars and other experts. Based on the third quarter 2008 survey, the investment outlook for various types of properties remains steady.
"People who have responded to our surveys have not lost their faith in Florida as a place to be and a place to invest," Wayne Archer, director of the center, said. "We have 40 pages of comments… and although the dominant theme is the disruption of financing, perhaps the second theme, as one person put it, is people being on the sidelines with full pads and helmets just waiting to jump back in."
Source: Florida Weekly
Search Naples FL Golf Course Homes for Sale in Foxfire
Tuesday, November 11, 2008
Foxfire Golf Community - Closed Sale Info
Foxfire Community Statistics - October 2008; Sold, Pending and Active Listings
45 - Active
4 - Pending
2 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Foxfire
45 - Active
4 - Pending
2 - Closed
Source: SunshineMLS, Inc.
Search Naples FL Golf Course Homes for Sale in Foxfire
Subscribe to:
Posts (Atom)
