Boomers ready for retirement housing
NEW YORK – March 5, 2010 – According to John Migliaccio, director of research for MetLife’s Mature Market organization, more than 78
million baby boomers, born between 1946 to 1964, will reach age 55 over the next 10 years.
He and other trend spotters believe this dominant group of homeowners will lead the industry out of its slump.
Baby Boomers approaching retirement continue to be interested in buying into active-adult communities, but their moves are slowed due to
a decline in the value of both their retirement savings and their current homes. To encourage seniors to find a way, 51 percent of builders of
active-adult housing cut prices in the third quarter of 2009 – often as much as 25 percent or more – according to a survey by the National
Association of Home Builders.
Practitioners point out that new isn’t always best. Buying an existing home in an active adult community can be a particularly good deal
because these communities have extensive amenities, including golf courses and gyms. Some new construction projects on which builders
have trimmed prices are not nearly as well equipped.
Source: Investor’s Business Daily, Joe Gose © Copyright 2010
Buffett predicts downturn will end in 2011
NEW YORK – March 2, 2010 – Billionaire investor Warren Buffett predicted that the real estate market downturn would end by 2011 as the
housing inventory declines.
“Within a year or so, residential housing problems should largely be behind us,” Buffett wrote in his annual letter to the shareholders of
Berkshire Hathaway, where he is chairman and CEO. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender
hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now
find it well within their means.”
He also pinpointed what he sees as the cause of the downturn. “People thought it was good news a few years back when housing starts – the
supply side of the picture – were running about 2 million annually,” wrote Buffett, “But household formations – the demand side – only
amounted to about 1.2 million.”
Source: Bloomberg News, Andrew Frye © Copyright 201
Florida existing home, condo sales rise in January 2010
Existing-home sales down by month, higher by year, says NAR.
ORLANDO, Fla. – Feb. 26, 2010 – Florida’s existing home sales rose in January, marking 17 months that sales activity has increased in the
year-to-year comparison, according to the latest housing data released by Florida Realtors®.
Click Here to Continue Reading This Story
NAR rolls out consumer website
WASHINGTON – Feb. 17, 2010 – The National Association of Realtors® (NAR) launched HouseLogic, a new consumer website that covers all
aspects of homeownership. According to NAR, HouseLogic was created to help homeowners make smart decisions and take responsible
actions to maintain, protect and increase the value of their homes.
“HouseLogic will engage and involve consumers throughout the lifecycle of homeownership,” says NAR President Vicki Cox Golder. “It
makes sense that, as the first, best source for real estate information, NAR should collaborate with today’s consumers to help them make the
most out of owning a home. HouseLogic will help us do that.”
Click Here to Continue Reading This Story
Median home prices show signs of stability
WASHINGTON – Feb. 12, 2010 – Home prices rose in more than 40 percent of U.S. cities in the fourth quarter of last year, as massive federal
spending helped the housing market show signs of stability. The National Association of Realtors said Thursday that the median sales price
for previously occupied homes rose in 67 out of 151 metropolitan areas in the October-December quarter versus a year ago. That’s a sharp
improvement from the third quarter, when prices rose in only 20 percent of cities.
Click Here to Continue Reading This Story
Florida’s existing home, condo sales rise in 4Q 2009
ORLANDO, Fla., Feb. 11, 2010 – Sales of existing single-family homes in Florida rose 44 percent in fourth quarter 2009 compared to the same
period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 43,926 existing homes sold statewide in 4Q
2009; during the same period the year before, a total of 30,610 existing homes sold. It marks the sixth consecutive quarter that Florida has
seen higher existing year-to-year home sales, according to the state association.
Statewide sales of existing condominiums in the fourth quarter rose 93 percent compared to the same time the previous year. This marks the
fifth consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.
Click Here to Continue Reading This Story
Fla. property taxes down 7.5 percent over 3 years
TALLAHASSEE, Fla. (AP) – Feb. 5, 2010 – Florida property taxes dropped by $2.28 billion, or 7.5 percent, over the past three years because of
tax-cutting measures approved by the Legislature and voters as well as falling real estate values, according to figures presented to a
legislative panel Thursday. “I would classify that as dropping like a rock,” said Senate Finance and Taxation Committee Chairman Thad
Altman, R-Viera.
Gov. Charlie Crist famously said he wanted taxes to “drop like a rock” as lawmakers began considering tax relief in 2007. They passed the
law to roll back and cap property taxes later that year and then put a constitutional amendment on the January 2008 ballot that voters
adopted for additional tax savings.
Click Here to Continue Reading This Story
NEW YORK – March 5, 2010 – According to John Migliaccio, director of research for MetLife’s Mature Market organization, more than 78
million baby boomers, born between 1946 to 1964, will reach age 55 over the next 10 years.
He and other trend spotters believe this dominant group of homeowners will lead the industry out of its slump.
Baby Boomers approaching retirement continue to be interested in buying into active-adult communities, but their moves are slowed due to
a decline in the value of both their retirement savings and their current homes. To encourage seniors to find a way, 51 percent of builders of
active-adult housing cut prices in the third quarter of 2009 – often as much as 25 percent or more – according to a survey by the National
Association of Home Builders.
Practitioners point out that new isn’t always best. Buying an existing home in an active adult community can be a particularly good deal
because these communities have extensive amenities, including golf courses and gyms. Some new construction projects on which builders
have trimmed prices are not nearly as well equipped.
Source: Investor’s Business Daily, Joe Gose © Copyright 2010
Buffett predicts downturn will end in 2011
NEW YORK – March 2, 2010 – Billionaire investor Warren Buffett predicted that the real estate market downturn would end by 2011 as the
housing inventory declines.
“Within a year or so, residential housing problems should largely be behind us,” Buffett wrote in his annual letter to the shareholders of
Berkshire Hathaway, where he is chairman and CEO. “Prices will remain far below ‘bubble’ levels, of course, but for every seller or lender
hurt by this there will be a buyer who benefits. Indeed, many families that couldn’t afford to buy an appropriate home a few years ago now
find it well within their means.”
He also pinpointed what he sees as the cause of the downturn. “People thought it was good news a few years back when housing starts – the
supply side of the picture – were running about 2 million annually,” wrote Buffett, “But household formations – the demand side – only
amounted to about 1.2 million.”
Source: Bloomberg News, Andrew Frye © Copyright 201
Florida existing home, condo sales rise in January 2010
Existing-home sales down by month, higher by year, says NAR.
ORLANDO, Fla. – Feb. 26, 2010 – Florida’s existing home sales rose in January, marking 17 months that sales activity has increased in the
year-to-year comparison, according to the latest housing data released by Florida Realtors®.
Click Here to Continue Reading This Story
NAR rolls out consumer website
WASHINGTON – Feb. 17, 2010 – The National Association of Realtors® (NAR) launched HouseLogic, a new consumer website that covers all
aspects of homeownership. According to NAR, HouseLogic was created to help homeowners make smart decisions and take responsible
actions to maintain, protect and increase the value of their homes.
“HouseLogic will engage and involve consumers throughout the lifecycle of homeownership,” says NAR President Vicki Cox Golder. “It
makes sense that, as the first, best source for real estate information, NAR should collaborate with today’s consumers to help them make the
most out of owning a home. HouseLogic will help us do that.”
Click Here to Continue Reading This Story
Median home prices show signs of stability
WASHINGTON – Feb. 12, 2010 – Home prices rose in more than 40 percent of U.S. cities in the fourth quarter of last year, as massive federal
spending helped the housing market show signs of stability. The National Association of Realtors said Thursday that the median sales price
for previously occupied homes rose in 67 out of 151 metropolitan areas in the October-December quarter versus a year ago. That’s a sharp
improvement from the third quarter, when prices rose in only 20 percent of cities.
Click Here to Continue Reading This Story
Florida’s existing home, condo sales rise in 4Q 2009
ORLANDO, Fla., Feb. 11, 2010 – Sales of existing single-family homes in Florida rose 44 percent in fourth quarter 2009 compared to the same
period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 43,926 existing homes sold statewide in 4Q
2009; during the same period the year before, a total of 30,610 existing homes sold. It marks the sixth consecutive quarter that Florida has
seen higher existing year-to-year home sales, according to the state association.
Statewide sales of existing condominiums in the fourth quarter rose 93 percent compared to the same time the previous year. This marks the
fifth consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.
Click Here to Continue Reading This Story
Fla. property taxes down 7.5 percent over 3 years
TALLAHASSEE, Fla. (AP) – Feb. 5, 2010 – Florida property taxes dropped by $2.28 billion, or 7.5 percent, over the past three years because of
tax-cutting measures approved by the Legislature and voters as well as falling real estate values, according to figures presented to a
legislative panel Thursday. “I would classify that as dropping like a rock,” said Senate Finance and Taxation Committee Chairman Thad
Altman, R-Viera.
Gov. Charlie Crist famously said he wanted taxes to “drop like a rock” as lawmakers began considering tax relief in 2007. They passed the
law to roll back and cap property taxes later that year and then put a constitutional amendment on the January 2008 ballot that voters
adopted for additional tax savings.
Click Here to Continue Reading This Story
| Real Estate News Relevant to Jonathan's Landing |
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| Kathryn Maloney, Realtor Specializing in Jonathan's Landing Real Estate Sales and Rentals Keller Williams Realty 561 385-5250 |
| Website owned and produced by Kathryn Maloney. K. Maloney © 2008 |
| Vacation Rentals at Jonathan's Landing www.jonathanslandingrentals.com |
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| A statistical view of the real estate market in Palm Beach County and 33477 |
| BARRON'S COVER | MONDAY, MARCH 8, 2010 - "10 Best Places for Second Homes " AT long last, the market for luxury real estate is coming back to life. Prices for primary residences, which plunged at least 20% from the peak in 2007, appear to have bottomed. In some of the snappiest locations, scattered bidding wars are breaking out and prices are turning upward. Click Here to Continue Reading This Story |
| Life bountiful at Jonathan's Landing, By Elizabeth Clarke, Special to The Palm Beach Post, Friday, October 17, 2008 Jonathan's Landing feels like more than a neighborhood. It feels like a destination - a destination for boaters, golfers, tennis players and anyone who likes water, beautiful views, mature landscaping and an easy way of living the good life. Built beginning in 1978, Jonathan's Landing sits on the west side of the Intracoastal Waterway south of Indiantown Road. It features 27 subdivisions - called villages - on its 606 acres, all built to take full advantage of miles of fresh- and saltwater lakes and waterways within the community. Click Here to Continue Reading This Story |