Sarasota Florida Real Estate Better Florida Investment Going Forward

July 28, 2008 at 8:44 pm | In Real Estate News, Sarasota Florida Real Estate | Leave a Comment
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During the last two weeks Helen and I have been attending classes in Sarasota to complete our GRI (Graduate Realtors Institute) Certification in Real Estate. This certification offers a wealth of knowledge in real estate to those realtors who pursue the GRI certification and provides the customer with a more knowledgeable, professional agent.

One of our instructors, Steve David, a thirty-five year veteran with a wealth of knowledge in the Florida market from Fort Lauderdale, Florida stated that his studies indicated a 3% growth rate in real estate appreciation on the East Coast of Florida. He stated that the large amount of inventory and pace of sales on the East Coast were the contributing factors to this projection.

Sarasota with a population of under 60,000 has always had a 6% to 7% annual real estate appreciation during past years, except during the real estate boom, because of all the amenities, charm, beaches, social life, restaurants, boating, golf, tennis and arts available in this delightful gulf coast oasis.

Sarasota is a better investment going forward and now is the time to buy when the real estate market offers excellent opportunities to purchase your gulf coast oasis.

Florida Sets A Reduction Of Energy Consumption Of 20% By 2010 and 50% By 2019

July 28, 2008 at 8:04 pm | In Florida Construction News | Leave a Comment
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Florida’s Governor Crist along with California’s Governor Schwarzenegger have taken the lead in addressing the energy crisis in the United States. In Florida, new home construction in 2010 will require a 20% reduction in energy usage and new homes built in 2019 will require a 50% reduction in energy usage.

This legislation recently passed the legislature in Florida and was signed by Governor Crist. This new energy initiative for Florida exceeds the International Energy Conservation Code and builders in Florida will use a new sophisticated EnergyGauge computer modeling program to project the home’s seasonal energy usage against a efficient baseline home.

Good News for Florida and the USA!

FHA Helping Hand

July 14, 2008 at 3:01 pm | In Real Estate News, Sarasota Florida Real Estate | Leave a Comment
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Homeowners struggling to save their homes from foreclosure might have an easier time getting a helping hand from the Federal Housing Administration starting Monday.

Plans to relax FHA-Secure guidelines would expand eligibility standards to include borrowers with adjustable rate mortgages who were late on two monthly mortgage payments in the past 12 months, even if they were consecutive. Those who were late on three mortgage payments in 12 months are also eligible for help but they must meet loan-to-value ratios different from those who only missed two payments.

New Home Building Permits Increase For Manatee and Sarasota Counties in Florida

July 12, 2008 at 12:24 pm | In Florida Construction News | Leave a Comment
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Manatee and Sarasota Counties in Florida have seen a modest increase in new home building over the last three months. Amid the large home inventory, this is great news. Manatee County had 194 single family home permits for the first three months of 2008 and 290 single family home permits for the April, May and June of 2008. Sarasota County issued about 70 single family home permits for the first three months of 2008 and 154 single family home permits for April, May and June 2008.

Perhaps, the new, stronger, more energy efficient building code and green features are prompting more home owners to build a new home. With high energy costs and water rationing, building a home with advanced technology will payback very quickly and make the investment more valuable at resale.

Boston Red Sox Pick Stadium Plan In Sarasota Florida

July 12, 2008 at 11:55 am | In Sarasota Florida Real Estate, Sarasota Lifestyle | Leave a Comment
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A stadium plan for the new spring training stadium in Sarasota, FL was chosen by the Boston Red Sox on Wednesday, July 9th, it was reported. The plan, one of six, chosen by the Red Sox is very similar to the famous Fenway Park stadium. The proposed stadium has 9,999 seats with 500 suite seats, lawn seating and a “Green Monster” wall in left field, six practice fields, and separate areas for pitching and batting practice.

Sarasota-Bradenton Florida Real Estate Sales Climb 24%

July 12, 2008 at 11:34 am | In Real Estate News, Sarasota Florida Real Estate, Statistics | Leave a Comment
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Sales in Sarasota-Bradenton increased from a year ago as the median sales price fell 16% in May from the same time a year ago. It was reported that the median price of $268,200 in May was 8.2% lower than the median in April. The median price continues to fall within the $240,000 to $270,000 price band of the past 10 months.

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