Posts Tagged ‘real estate investment’

Brevard County Real Estate Foreclosures Remain High

APRIL 29, 2013 by ge.admin

Brevard Real Estate Foreclosure

FLORIDA FORECLOSURE HIGHEST IN NATION

In the first quarter of 2013, nationwide foreclosure rates continue to drop.  Florida however, announced a 7% increase from the previous quarter and was up 17 percent from the first quarter of 2012.  Florida has the highest foreclosure rate at three times the national average.  Among U.S. cities and regions, seven of ten areas with the highest foreclosure rates were in Florida, with Brevard County at the number eight position according to RealtyTrac.

Q1’13 NATIONAL TOP TEN METRO FORECLOSURE RATES

  1. Miami, FL – 1 out of 79 housing units
  2. Orlando, FL – 1 out of 86 housing units
  3. Ocala, FL – 1 out of 92 housing units
  4. Las Vegas, NV  – 1 out of 99 housing units
  5. Tampa, FL – 1 out of 100 housing units
  6. Rockford, IL – 1 out of 102 housing units
  7. Jacksonville, FL – 1 out of 105 housing units
  8. Palm Bay-Melbourne-Titusville, FL – 1 out of 109 housing units
  9. Chicago, IL – 1 out of 116 housing units
  10. Lakeland, FL – 1 out of 128 housing units

This trend has been holding strong for the past three months. Statewide layoffs have certainly taken a toll on the market, though it has begun to turn around for the better. So what does this mean for those interested in Florida real estate?  Many investment properties are on the market, giving investors and snowbirds a great opportunity to expand their horizons. These numbers are also promising for those looking to move to Brevard County.

Shoppers who are willing to look at foreclosed homes understand that they have the potential to purchase property at deep discounts. With such great tools as Ellingson Properties’ Brevard MLS foreclosure tool, finding foreclosed properties is easier than ever. As foreclosure rates stay high in Brevard County, now is a great time to buy.

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Canadian Snowbirds Hot on Florida Real Estate Investing

APRIL 26, 2013 by ge.admin

Brevard MLS Invest

A recent report published by the Bank of Montreal has demonstrated that Canadian Snowbirds now make up the majority of Florida’s property buyers. Recent studies have shown that the median price of a single-family home in Florida is almost half that of a single-family home in Canada. In 2010, thirty-six percent of all real estate transactions in Florida involved Canadian investors, who also provide the top source of tourism income in the state. According to the same report, over half a million Canadians now own Florida property.

As prices continue to plunge and the strength of foreign currency increases, now is a great time for investors and snowbirds to look at Brevard County properties for sale. Investment properties are a steal at this point in the market, enabling investors to make quick and easy profit.  But the market will not stay in this state forever. A recent BMO study has shown that the market has hit its bottom and the real estate market is beginning to make
a turn for the better. In future years, prices will increase once more. Anyone interested in real estate investment should peruse Brevard MLS for Space Coast investment property opportunities.

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