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Owners of vacation rentals are reporting that the summer season was a successful one with 68 percent of them reporting occupancy rates of 76 percent or more over the summer, this according to a report released today by HomeAway, Inc. The vacation rental market suffered from the market downturn just like the rest of the Continue reading… Vacation rental owners report high occupancy rates from the summer season More than half a million vacation homes were purchased last year, fueled by low real estate prices, attractive mortgage rates and the potential for price appreciation according to research done by the National Association of REALTORS for HomeAway. Dennis Norman Report looks at impact of the BP Deepwater Horizon Oil spill on Florida Coastal home values According to a report released this morning by CoreLogic the impact of the BP DeepWater Horizon oil spill on home values in the coastal area’s along the Gulf coast is expected to range from $648 million over one Continue reading… Gulf Oil spill could cost coastal homeowners up to $3 Billion in home values Dennis Norman Sales of existing single-family homes in Florida rose 24 percent in first quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 38,846 existing homes sold statewide in 1Q 2010; during the same period the year before, Continue reading… Florida Condo Sales Up 67 Percent In First Quarter; Prices Drop 13 Percent Dennis Norman This week, Cher’s former Miami Mansion, which was purchased back in 2006 by Sean Wolfington, sold for $10.45 million – close to $2 million more than its sale price at the peak of the market, according to ONE Sotheby’s. So while most of the real estate market has been negatively impacted by Continue reading… Agents; Want a ‘Recession-Proof’ Niche? Try Celebrity Mansions |
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