Tag: Manatee County

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Mortgages Real Estate

How Are Local Mortgages Doing?

The latest mortgage delinquency statistics show that Hurricane Irma is continuing to disrupt local mortgage repayments this month even though it is almost a year behind us. Both short-term delinquency rates (30 days late) and more serious delinquencies (90 days plus late) are up year on year. Also, after a long run of reduced foreclosure rates, they also have continued trending up over the last few months. We can’t really blame Irma on the short-term delinquencies anymore, but the more serious delinquencies are still up due to the lasting effects of the storm.

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Home Buying Real Estate

The Pros and Cons of Retiring in Florida

When we get to retirement, we find ourselves having the freedom to move somewhere new. The first place that comes to mind for many is likely our great state of Florida. However, before you take the leap, you should examine the pros and cons. Although you shouldn’t think of the below an exhaustive list, it should give you some good things to consider.

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Home Buying Home Selling Real Estate

Luxury Condos Keep on Selling!

The Sarasota and Manatee county markets for condos & townhomes remain disconnected for properties between $600k and $1M. In Manatee, it is better to be a buyer; however, the market is balanced in Sarasota. While the $1M+ condo market in Sarasota has favored sellers all year, this is just the second month that we have also seen it happening in Manatee.

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Home Buying Home Selling Real Estate

Your Single Family Home Market Update

Whether you are looking to buy, sell or invest in real estate, it is important to understand market conditions. Real estate is hyper-local, with market dynamics changing from subdivision to subdivision. However, county trends will give you a good idea of what to expect.

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Home Buying Home Selling Luxury Homes Real Estate

The Luxury Single Family Home Market is Warming Up

Although the luxury single family home market ($1M+ homes) is much better balanced this year than last, it is still a strong buyer’s market in both Manatee and Sarasota counties. Markets are generally considered in “balance” when there is about six months of inventory for sale at the current pace of home sales. When the inventory gets greater than that, buyers tend to have more leverage than sellers in negotiations.

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