Sw Fl Real Estate News » Real Estate News http://swflrealestatenews.com Local Real Estate News & Information Sun, 29 Jan 2012 15:06:22 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Can the board tell owners what exterior paint colors can be used for their units? http://swflrealestatenews.com/2012/01/29/can-the-board-tell-owners-what-exterior-paint-colors-can-be-used-for-their-units/ http://swflrealestatenews.com/2012/01/29/can-the-board-tell-owners-what-exterior-paint-colors-can-be-used-for-their-units/#comments Sun, 29 Jan 2012 15:06:22 +0000 Mike http://swflrealestatenews.com/?p=706 Another column by Richard White. Read More.

]]> http://swflrealestatenews.com/2012/01/29/can-the-board-tell-owners-what-exterior-paint-colors-can-be-used-for-their-units/feed/ 0 Naples area housing inventory hits a 5-year low – Must Read http://swflrealestatenews.com/2012/01/21/naples-area-housing-inventory-hits-a-5-year-low-must-read/ http://swflrealestatenews.com/2012/01/21/naples-area-housing-inventory-hits-a-5-year-low-must-read/#comments Sat, 21 Jan 2012 13:38:54 +0000 Mike http://swflrealestatenews.com/?p=704 Buyers hunting for homes in the Naples area this season won’t find as many choices. The housing inventory has hit a five-year low, according a report released Friday. Read More.

]]> http://swflrealestatenews.com/2012/01/21/naples-area-housing-inventory-hits-a-5-year-low-must-read/feed/ 0 The Experts are saying …. http://swflrealestatenews.com/2012/01/14/the-experts-are-saying/ http://swflrealestatenews.com/2012/01/14/the-experts-are-saying/#comments Sat, 14 Jan 2012 13:46:50 +0000 Mike http://swflrealestatenews.com/?p=699 Continue reading →]]> John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant. When it comes to the housing market he is also a prophet. When housing prices started to skyrocket in 2003, he published The Coming Crash in the Housing Market correctly warning us that a real estate bubble was forming. Then in January 2006, he called the absolute peak of home prices in the US by releasing a new book, Sell Now! The End of the Housing Bubble.

Mr. Talbott, the person who accurately predicted the housing bubble and its bust, now has a new prediction – IT IS THE TIME TO BUY A HOME! In a recent article, Homes – Buy Now!, Talbott simply explains:

“I have been waiting for more than five years to offer this advice. It is now time in most cities across the country to buy a new home or refinance your existing home with thirty-year fixed rate mortgage debt.”

He goes on to explain that his conclusion is based on four different metrics, all of which favor buying today:

  • § Home Prices Relative to Peak Prices During the Bubble
  • § Home Prices Relative to Construction Costs or Replacement Costs
  • § Home Prices Relative to Incomes and Rents
  • § Home Prices in Real Terms, Not US Dollar Terms

Bottom Line

If the person who called the real estate bubble and its bust says now is the time to buy, we believe it is time to buy.
From the KCM blog.

]]> http://swflrealestatenews.com/2012/01/14/the-experts-are-saying/feed/ 0 You may owe federal income taxes in 2013 if you have a short sale, foreclosure http://swflrealestatenews.com/2012/01/14/you-may-owe-federal-income-taxes-in-2013-if-you-have-a-short-sale-foreclosure/ http://swflrealestatenews.com/2012/01/14/you-may-owe-federal-income-taxes-in-2013-if-you-have-a-short-sale-foreclosure/#comments Sat, 14 Jan 2012 13:43:25 +0000 Mike http://swflrealestatenews.com/?p=696 Continue reading →]]> You may owe federal income taxes in 2013 if you have a short sale, foreclosure after this year. Now is the time to make the hard decision: Are you going to walk away from your underwater home?
Uncle Sam is still giving homeowners until Dec. 31, 2012, to go through a short sale or foreclosure without tax consequences – as long as the lender officially releases the debt.

But on Jan. 1, 2013, the rules change: The amount a lender forgives, ether in a short sale or foreclosure, on a primary residence will be taxable on federal income taxes. Read More.

]]> http://swflrealestatenews.com/2012/01/14/you-may-owe-federal-income-taxes-in-2013-if-you-have-a-short-sale-foreclosure/feed/ 0 Study: Watch wording on insurance policies http://swflrealestatenews.com/2011/12/15/study-watch-wording-on-insurance-policies/ http://swflrealestatenews.com/2011/12/15/study-watch-wording-on-insurance-policies/#comments Thu, 15 Dec 2011 14:23:27 +0000 Mike http://swflrealestatenews.com/?p=683 Homeowner insurance policies can vary greatly, and if homeowners aren’t careful, they may find their claims denied when disaster strikes, according to a study to be published early next year by the University of Chicago Law Review. Read More.

]]> http://swflrealestatenews.com/2011/12/15/study-watch-wording-on-insurance-policies/feed/ 0 Richard White: Tips on how to identify a well-managed condo association http://swflrealestatenews.com/2011/12/11/richard-white-tips-on-how-to-identify-a-well-managed-condo-association/ http://swflrealestatenews.com/2011/12/11/richard-white-tips-on-how-to-identify-a-well-managed-condo-association/#comments Sun, 11 Dec 2011 13:08:56 +0000 Mike http://swflrealestatenews.com/?p=678 Richard’s article is a must read if you’re in or thinking about purchasing in an association. Read More.

]]> http://swflrealestatenews.com/2011/12/11/richard-white-tips-on-how-to-identify-a-well-managed-condo-association/feed/ 0 Tourist tax collections up year-over-year in Lee County http://swflrealestatenews.com/2011/12/09/tourist-tax-collections-up-year-over-year-in-lee-county/ http://swflrealestatenews.com/2011/12/09/tourist-tax-collections-up-year-over-year-in-lee-county/#comments Fri, 09 Dec 2011 15:18:08 +0000 Mike http://swflrealestatenews.com/?p=675 Preliminary tourist tax collections were up year-over-year, but visitors were fewer in October.  Read More.

]]> http://swflrealestatenews.com/2011/12/09/tourist-tax-collections-up-year-over-year-in-lee-county/feed/ 0 Foreclosure filings drop in Lee County in November http://swflrealestatenews.com/2011/12/08/foreclosure-filings-drop-in-lee-county-in-november/ http://swflrealestatenews.com/2011/12/08/foreclosure-filings-drop-in-lee-county-in-november/#comments Thu, 08 Dec 2011 13:12:13 +0000 Mike http://swflrealestatenews.com/?p=671 Lee County saw a drop in new foreclosure filings in November. There were 587 filings, down from 642 in October, according to a report by the Lee County Clerk’s Office. Read More.

]]> http://swflrealestatenews.com/2011/12/08/foreclosure-filings-drop-in-lee-county-in-november/feed/ 0 Thinking about becoming a landlord? You should know this http://swflrealestatenews.com/2011/12/07/thinking-about-becoming-a-landlord-you-should-know-this/ http://swflrealestatenews.com/2011/12/07/thinking-about-becoming-a-landlord-you-should-know-this/#comments Wed, 07 Dec 2011 13:49:36 +0000 Mike http://swflrealestatenews.com/?p=669 Continue reading →]]> With real estate prices low, many people are considering buying an investment property and becoming a landlord. It might sound simple, but real estate pros warn that there’s a lot to know. The landlord who doesn’t follow such basic guidelines as conducting a thorough background check can get stuck with a nightmare tenant. It takes both business sense and common sense. Read More.

]]> http://swflrealestatenews.com/2011/12/07/thinking-about-becoming-a-landlord-you-should-know-this/feed/ 0 Question: I read in the paper that the banks are starting the foreclosures again. I just got served with a foreclosure lawsuit. Can you explain the process in layman’s terms? http://swflrealestatenews.com/2011/11/30/question-i-read-in-the-paper-that-the-banks-are-starting-the-foreclosures-again-i-just-got-served-with-a-foreclosure-lawsuit-can-you-explain-the-process-in-layman%e2%80%99s-terms/ http://swflrealestatenews.com/2011/11/30/question-i-read-in-the-paper-that-the-banks-are-starting-the-foreclosures-again-i-just-got-served-with-a-foreclosure-lawsuit-can-you-explain-the-process-in-layman%e2%80%99s-terms/#comments Wed, 30 Nov 2011 13:43:49 +0000 Mike http://swflrealestatenews.com/?p=667 Continue reading →]]> Answer: Each state has different versions of the foreclosure process. In Florida and some other states, a lender must get permission from a judge before it can repossess your home.
When you are served with a foreclosure lawsuit – Read More.

]]> http://swflrealestatenews.com/2011/11/30/question-i-read-in-the-paper-that-the-banks-are-starting-the-foreclosures-again-i-just-got-served-with-a-foreclosure-lawsuit-can-you-explain-the-process-in-layman%e2%80%99s-terms/feed/ 0