Bradenton Florida Real Estate News

Tuesday, February 28, 2006

Home Mortgage Deduction Safe For Now

As you know, the President's Advisory Panel on Tax Reform recommended in November that the mortgage-interest deduction be severely downsized. However, it looks like the idea is on hold, at least for now. Responding to questions about affordable housing during a speech recently, President George Bush said, "You don't have to worry about the mortgage deduction not being a part of the income tax law."

Bradenton Real Estate . com

Wednesday, February 22, 2006

Our Real Estate Market Fueled by Population Growth

A University of Florida study concludes that Florida will continue to see substantial population growth in the future.

"The spate of devastating hurricanes should not deter Florida’s population growth, which is expected to increase steadily over the next quarter century with the fastest growth occurring in metropolitan fringe areas, a new University of Florida study finds.

"The state’s population, estimated at about 18 million people in April 2005, is forecast to reach about 20 million in 2010 and nearly 25 million in 2025, said Stefan Rayer, a demographer with UF’s Bureau of Economic and Business Research.

"By 2030, the Sunshine State is expected to have 26,419,200 residents, about a half million more than last year’s projections called for, he said.... Projections are calling for the years 2000 to 2010 to have the largest population increase in Florida's history."

What does that mean for Bradenton, Florida and Manatee County? People love this area and continue to find our home prices, economy, weather, and recreation quite attractive. This is a great place to live and invest in real estate.

Bradenton Real Estate . com

Tuesday, February 21, 2006

Millionaire Real Estate Investor
SEMINAR Feb. 23rd


(For beginning to intermediate real estate investors)

DID YOU KNOW...
- that most wealthy people made their wealth or keep their wealth in real estate?
- that real estate is the most powerful investment vehicle - bar none?
- that your home is likely the best accidental investment you have made?

Your net worth can skyrocket with real estate. But how and where do you start? We can help you find the answer. Your first step is to attend our new Secrets of the Millionaire Real Estate Investor Seminar.


You will discover:
· The three simple secrets mastered by wealthy real estate investors
· The stages of becoming a wealthy real estate investor.
· How to overcome limiting beliefs
· The three ways wealthy investors act that poor people don't.
· How to implement your strategy and find opportunities for investing.


Date: Thursday, February 23rd

Time: 7:00- 9:00 pm

Location: The Springs Apartments Clubhouse 702 51st Street E. Bradenton, FL 34208. (State Road 64 and 51st St. E. Approx 2 Miles West of I-75 across from SunCoast Bank)

Presented by: Dan Forbes and Marie Avery, Premier Team Inc., Broker/Owners
Certified Residential Specialists

For more information, please call 941-746-0505 or register online at http://www.bradentonrealestate.com/?fuseaction=site.seminar

Seats are limited so please RSVP today! There are only 50 seats available. Your ticket is FREE, courtesy of Premier Team when you call or sign up online by Feb. 22. If there is still space available, tickets will be $25 at the door.

Economic Forecast For Manatee County -- Just Released

Feb. 21, 2006. We attended the annual Economic Forecast Breakfast hosted by our local Chamber of Commerce. Our interest is knowing which way is the housing market headed.

Two questions are on everyone's mind: (1) Is there a real estate bubble in Florida?, and (2) Is there a real estate bubble in the Sarasota - Bradenton market? The answer is yes, and somewhat. Statewide housing starts are outpacing demand creating a top heavy market and causing a pull back in the real estate market. This is especially true in a few hot markets like Miami and Ft. Lauderdale.

Locally, here in the Sarasota - Bradenton market housing starts are also higher than population growth, but not so high as to create a bubble. We are experiencing a soft-landing in our local real estate market.

Would you like a copy of the Power Point slide show in pdf format? We will be happy to send you a copy. You will need the Adobe Acrobat reader which you can download for free at http://www.adobe.com/products/acrobat/readstep2.html

Bradenton Real Estate . com

Monday, February 20, 2006

For Sale By Owner's Lose $45,000 On Average

A study conducted for the Florida Association of Realtors (FAR) found the cost a FSBO seller in Florida paid in 2005 for going it alone: $45,000. The median price of a home sold represented by a licensee was $255,000; the median price of a FSBO was $210,000.

Bradenton Real Estate . com

Wednesday, February 15, 2006

Sarasota - Bradenton Home Prices Up 30 Percent...

About half of the U.S. metro areas included in a National Association of Realtors home-price report had double-digit annual price from fourth-quarter 2004 to fourth-quarter 2005.

The association's report, which covers 145 metro statistical areas, shows a record 72 areas with double-digit annual increases in median existing single-family home prices. Six areas posted price declines. The previous record for areas showing double-digit price appreciation was 69 metros in the third quarter of 2004.

David Lereah, NAR's chief economist, said in a statement, "Although home sales have eased, the tremendous momentum in price appreciation was sustained in the fourth quarter because tight inventories still favored sellers. The good news is that the supply of homes on the market has been trending up and we are entering a period of a more normal balance in supply and demand."

Read more at http://www.inman.com/hstory.aspx?ID=50033

For an email copy of the MEDIAN SALES PRICE REPORT just send me an email. Contact Form: http://www.bradentonrealestate.com/index.php?fuseaction=site.contact


Bradenton Real Estate . com

Housing Market Makes Soft Landing . . . . (more)

The high-flying housing market should make a safe landing by gradually losing altitude, the White House suggested Monday.

Housing has been an important source of power for the economy as home sales hit record highs in the past five years running. Low mortgage rates were a factor behind brisk housing activity.

"A gradual slowing of homebuilding appears more likely than a sharp drop because the elevated level of house prices will sustain homebuilding as a profitable enterprise for some time," according to President Bush's annual economic report to Congress.

The direction of the housing market is being closely watched. Most private analysts also are expecting gradual moderation. If the housing market were to collapse, it would pose grave dangers to the country's overall economic health.

More... http://www.planetrealtor.com/florida/news/daily/news.cfm?article=n2-02142006

Bradenton Real Estate . com

Monday, February 06, 2006

Real Estate Investing Seminar - Feb. 23rd ...

Secrets of the Millionaire Real Estate Investor Seminar

DID YOU KNOW…
- that most wealthy people made their wealth or keep their wealth in real estate?
- that real estate is the most powerful investment vehicle - bar none?
- that your home is likely the best accidental investment you have made?
Your net worth can skyrocket with real estate. But how and where do you start? We can help you find the answer.

Your first step is to attend our new Secrets of the Millionaire Real Estate Investor Seminar.
You will discover:
• The three simple secrets mastered by wealthy real estate investors
• The stages of becoming a wealth real estate investor.
• How to overcome limiting beliefs• The three ways wealthy investors act that poor people don’t.
• How to implement your strategy and find opportunities for investing.

Date: Thursday, February 23rdTime: 7:00- 9:00 pm

Location: The Springs Apartments Clubhouse 702 51st Street E. Bradenton, FL 34208. (State Road 64 and 51st St. E.)

Presented by: Dan Forbes and Marie Avery, Premier Team Inc., Realtors, Bradenton, Florida

For more information, please call 941-746-0505

Register online at BradentonRealEstate.com. http://www.bradentonrealestate.com/?fuseaction=site.seminarSeats are limited so please RSVP today!

Listings are up and sales are down ...

Our January Real Estate Report is hot of the press and yours for the asking. This report, which we publish every month, shows the stats on the number of homes for sale by price range, what's selling and what's not, how fast or slow homes are selling as well as appreciation rates.

January's report shows that the number of homes for sale in Manatee County is up 260 percent over last year. Sales are down 24 percent from a year ago and suffered a 30 percent drop from last month.

Our median sale price has pulled back by 2 percent from six months ago, but is still up 17.5 percent from a year ago. The median price now stands at $315,000.

Keep in mind that when buying or selling in the Bradenton real estate market that you need a Realtor who is knowlegable about the market. We are happy to put our expertise to work for you.

Would you like a copy of the full report. Just drop me an email and I'll be happy to send you a copy. Contact Form:
http://www.bradentonrealestate.com/index.php?fuseaction=site.contact

We also have our Condo report available as well.