Hi, I’m Jeannette
Real Estate News and Tips
- Stricter Mortgage Rules Take Effect Friday
- 9 Out of 10 Home Buyers Seek Energy-Efficiency!
- Will You Be One of 400,000 Singled Out?
- Are Short Sales Coming To An End?
- 2012 Housing Market Saw Biggest Gain in 7 Years!
- CNN Money Votes St. Augustine, FL Ten Out Of Top 25 Places to Retire
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- Mortgage Rates Hit A New Record Low – 3.53%!
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- HERS Energy Scores Gaining Ground As New Building Standard
Green Florida Properties©
208 North Matanzas Blvd.
St. Augustine, FL 32080
Category Archives: Real Estate News
According to a recent survey conducted by the National Association of Realtors (NAR), 9 out of 10 Buyers look for energy-efficient and environmentally friendly features in their search for a new home. This is especially true in the north and south where extreme temperatures occur on a regular basis and homeowners in the north are bracing for this winter’s higher utility bills. Continue reading
During the next thirty-some days over 400,000 homeowners in Florida will receive a letter from Citizens Insurance Company about their policies. Don’t worry, you won’t be left without insurance but you will have 2 options. The more informed you are the better your chances of making the best decision for you.
Earlier this week I attended a “Case Management” hearing with one of my Short Sale Sellers. The Seller had received a notice to appear in a room at the courthouse at 8:30 AM. As I walked down the hall to the assigned room I noticed a large number of people outside the door. Once closer I saw people flipping through page after page of names to determine where they were on the docket. It was my turn to look for my Sellers’ name even though I had seen them inside the courtroom waiting. I leafed through 13 pages of cases set for hearings the same morning, approximately 105 cases in all. I was unable to find the Sellers’ case number on the docket so I thought I would look through the dockets posted on the room next door which was supposed to be the “pre-foreclosure” courtroom. Continue reading
While many homebuyers and investors have sat on the sidelines expecting several more waves of foreclosures to keep the housing market depressed, the National median housing market ended 2012 with renewed strength and momentum. According to the National Association of Realtors (NAR) there were more closed sales, higher median home prices, more pending sales and the year ended with the lowest housing inventory in more than a decade in many states. Continue reading
Yes, I live in this wonderful city, Saint Augustine – the oldest, continuously inhabited city in the US. Located on the shores of the Atlantic Ocean in northeast Florida with some of the best sunrises and beaches anywhere around and I love it! It was great to see my city picked as number 10 in a list of 25 top cities to consider for retirement. Here is the article from CNN Money:
BEST PLACES TO RETIRE 2012
25 Best Places to Retire
St. Augustine, FL 10 of 25
Best if you’re looking for: Resort area
Median home price: $156,000 Top state income tax: None
Legend has it that explorer Juan Ponce de León set foot in St. Augustine nearly 500 years ago and discovered the elusive fountain of youth. Alas, a move to the city today probably won’t turn back the clock (in fact, de León may not have ever been in St. Augustine).
But St. Augustine’s fantastic weather, beautiful beaches, and world-class golf will certainly do a body good. Although this small city 38 miles southeast of Jacksonville is a popular tourist destination, it has an active year-round community and lots of housing options. Its Flagler Hospital ranks among the top in the nation for clinical excellence and patient safety.
The LA Times reported on a study of energy-efficient homes conducted by two University professors from 2007 to early 2012. Matthew E. Kahn of UCLA and Nils Kok of Maastricht University in the Netherlands, used a real estate transaction base of 1.6 million homes in California to conduct a study on the value of green homes and whether there was a premium in the sale of that home due to green features. Of the homes in the study 4,321 sold with EnergyStar, LEED or GreenPoint rating. When analyzed with other similar homes that sold during that time, but without energy-efficient upgrades a 9% premium was noted for the energy-efficient homes.
Curiously they did not find a correlation between areas with higher utility costs and a premium for green homes but they did find what they called the “Prius Effect”. Areas that had more registered hybrid cars had a higher percentage of…
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Home values rose for the second month in a row in April, and saw the biggest increase since January 2006. The Zillow Home Value Index rose 0.7% from March to April, to $147,300.
It’s another positive sign for the housing market, and continued increases will mean a drop in the number we put out yesterday, which showed 31.4% of homeowners with mortgages are underwater.
Of course, as demand heats up, we’re seeing an even more interesting dynamic in the housing market. Many want to buy, but not enough homeowners are selling. Negative equity at least partially explains that. Because it ties homeowners to their homes, making it more difficult to sell. In turn, that can mean not enough homes for hungry buyers.
Our chief economist Dr. Stan Humphries explains it further: “The housing market continues to show positive signs, with home values increasing significantly in April. The recovery is moving in…
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