Sarasota Blog

March U.S. Foreclosures Near 5-Year Low

LOS ANGELES (AP) – April 12, 2012 – More U.S. homes are entering the foreclosure process, setting the stage for a surge in properties repossessed by lenders this year. The number of homes that received first-time foreclosure notices rose 7 percent in March from the previous month, foreclosure listing firm RealtyTrac Inc. said Thursday. That […]

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Principal forgiveness gains traction as a money saver

WASHINGTON – April 11, 2012 – Fannie Mae and Freddie Mac could save $1.7 billion if they forgave principal on some distressed mortgages, a new analysis shows. The Federal Housing Finance Agency – which regulates the mortgage giants – may decide in the next few weeks about whether to use principal forgiveness as a foreclosure […]

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News for British Buyers and Sellers – and
others from around the world

Florida tops US market for interest from foreign buyers If online searches for homes are any indication of buyer interest, the state of Florida is the most attractive US destination for international buyers, according to residential property syndication service, Point2. The company posted its first US International Real Estate Traffic report a few months ago, […]

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Sarasota Named Among Top 10 Turnaround Towns

Florida’s cities were some of the hardest hit by the housing bust, but now they are leading the charge back. Of Realtor.com’s top 10 turnaround towns, eight are in the Sunshine State. Median home price: $181,000 In Sarasota, residents can fish for pompano in the morning, get in 18 holes of golf in the afternoon and […]

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What’s Lurking in the Shadows?

ORLANDO, Fla. – Oct. 18, 2011 – When you drive down the street, you can see a “for sale” sign on nearly every road. The supply of homes may seem overwhelming at times, and we are definitely in a buyers’ market. But in August, the National Association of Realtors (NAR) reported an 8.5-month inventory level, […]

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Why It’s Time to Buy

The Clouds Haven’t Quite Parted, But the Long-Term Case for Home Ownership Is Looking Stronger Wall Street Journal, June 4, 2011 By RUTH SIMON and JESSICA SILVER-GREENBERG Back in June 2006, when the housing market peaked, the prospect of a five-year national housing bust seemed unimaginable to most people. And yet here we are, with the latest Standard […]

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Local Markets Heat Up With Investors

CAMPBELL, Calif. – May 31, 2011 – Real estate investors, by three to one, will be more active in their local markets compared to typical homebuyers in the next 24 months; and 69 percent of investors say it’ll be easier to find properties in the near future, according to a survey of real estate investors […]

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Mortgage Delinquencies Decline

The number of U.S. households behind on their mortgage payments fell during the fourth quarter to the lowest leve in two years, buoyed by improving labor market conditions. The share of loans where the borrower had missed at least one payment dropped to 8.2% on a seasonally adjusted basis, representing about 4.3 million households and […]

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Living in Sarasota March 2020

Living in Sarasota March 2020

Living in Sarasota, September 2019
A publication of S&N Real Estate, Inc.

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