Commercial Real Estate Markets Stabilizing, Will See Slight Improvement in 2011

Commercial real estate markets are flattening out, with modestly improving fundamentals expected in 2011, according to the National Association of Realtors® Lawrence Yun, NAR chief economist, said commercial real estate sectors appear to be stabilizing. “The basic fundamental of rising commercial leasing demand, resulting from a steadily improving economy, means overall vacancy rates have already [...]

More Than 2 Million Homes in Foreclosure Process

The number of homes sold on courthouse steps or repossessed by banks at the end of the foreclosure process dropped 35 percent nationwide in October, according to mortgage-data aggregator Lender Processing Services. There were about 80,000 foreclosure sales and bank repossessions in October, LPS said, down from 124,000 in September, which was a high for [...]

South Florida Commercial Real Estate Statistics

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REOs Could Weigh on Price Appreciation, Exacerbate Declines

The “shadow inventory” of homes likely to be repossessed by lenders or already in their real estate owned (REO) inventory but not yet on the market reached 2.1 million units in August, up from 1.9 million a year ago, according to the latest analysis by data aggregator CoreLogic. Because home sales also slowed, the shadow [...]

Record Foreclosures for Prime Borrowers

The foreclosure starts rate for borrowers with prime, fixed-rate mortgages set a new record high during the third quarter, the Mortgage Bankers Association said in releasing the results of its quarterly National Delinquency Survey. As the pool of subprime and prime adjustable-rate mortgage (ARM) loans continues to shrink, unemployment is the greatest threat to homeownership [...]

No National Foreclosure Moratorium Needed to Move Housing Market from Crisis to Calm

Recently, Raphael Bostic, the Assistant HUD Secretary for Policy Development and Research gave out a very informative article…..   The experiences of the past few months have borne out this expectation, and we have seen real progress in the housing market.  Foreclosure starts are down by nearly 30 percent from the peaks of a year [...]

More Foreclosure Myths

Four years into the housing crisis, myths about foreclosure still litter the minds of even the smartest of real estate consumers. When it comes to matters as high stakes as your home, confusion can cost you thousands – or even your home. Whether you’re a buyer looking at foreclosures, a homeowner struggling to keep your [...]

Short Sales Streamlined?

At the National Realtors Convention, short sales were a hot topic.  Agents wanted answers on how to improve the short sale process.  One of the main programs, the Home Affordable Foreclosure Alternatives Program (HAFA) can help. This is what they said…. HAFA was intended to help owners who are unable to keep their home under the Making [...]

Steady Improvement Predicted for Commercial Market

Straight from the National Real Estate Conference in New Orleans……… While still experiencing challenges, the commercial real estate market could see signs of steady improvement in the near future, specifically concerning lending. This is according to two economists at the Economic Issues and Commercial Real Estate Business Trends Forum at the 2010 Realtors® Conference & [...]

Commerical Property is Moving!

  Bartley Realty Services is seeing an increase across the board in commercial properties with office space leading the way. New businesses looking to open their doors are searching for newer buildings with spaces they can build out to suit their individual needs. The industrial-space market has also been seeing an increase with over 300 hits [...]