Real Green Trends

REO – CORPORATE OWNED CONDO FOR SALE AT THE VENTURE IN AVENTURA, FL

Great 2bedroom 2 bath condo on the ground floor facing the pool. Great for kids and those who like a home like feeling. Ready to move in. Least expensive unit for sale that will not give you headaches. Not a short sale or bank owned. Buy it now.

We will rebuild, said President Obama. Real Estate sales increase.

Optimism is contagious. And in these times, I join the ranks of those who see the glass half full.

Today, our company’s President, Ron Suffield, attended our weekly meeting and he presented us the Facts and Trends sheet for the Real Estate Activity in Miam-Dade county and especially for the Aventura area – both for condos and homes.

And in a certain sense the information was  forthcoming.

If we compare what happened in the first quarter of 2008, to the first quarter of January 09, we see the following:

The month supply of condos was reduced from 57 months to 31 months.There was a 55% increase in sales

If we want to become more specific:

The month supply for condos between  $150,000 – $300,000 went from 43 months supply to 21 months supply.

87 Condos sold

For Condos in the $300,000 – $500,000 price range, the month supply went from 65 months to 53 months.

If we want to translate this to everyday language.

Condos are selling and buyers are out there finding great deals. This is also a great time for first home buyers with the incentives and tax credit benefit.

So, as President Obama said, we will rebuild.  And when the figures above couple with an optimistic approach the result is a very positive attitude that will help us whether this storm and realize that we can still make money even in hard times.

Please, leave share your thoughts we me …

Wells Fargo agrees to suspend foreclosures

 

Decision made while the Obama administration devises a plan to help troubled borrowers

According to a news article appearing on Bloomberg yesterday WellsFargo together with other credit institutions agreed to halt foreclosures while the new administration crafts a plan to modifiy mortgages.

This moratorium will be in place, as per WellFargo officials, until the new plan is announced.

President Barack Obama will give details on his housing proposals next week during a two-day trip to Denver and Phoenix to talk about the next steps in his strategy to revive the U.S. economy, White House press secretary Robert Gibbs said today. The housing speech is scheduled Feb. 18, he said.

Wells Fargo, which acquired Wachovia Corp. last month, extended until the end of February a freeze on foreclosure for Wachovia’s loan holders, and will halt actions until a U.S. plan is released, said Kevin Waetke, a bank spokesman.

Hopefully, these new measures will help owners avoid losing their homes and make credit available to new home buyers.

Time will tell, in the meantime here, in South Florida, especially in Sunny Isles and Aventura, we continue experiencing more activity and sales are increasing on a weekly basis.

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