Residential houses and commercial properties prices peaked in 2005 then began to drastically drop and have yet to bottom out. Home prices continue to tumbel with an overall drop in U.S. value of 9.5% in 2008 and East…
Download file to see previous pages...
The Florida real estate market may be turning for the better. According to MLS.com, as of November 2009, the median sales price $145,800 was an increase of .09% from the previous month and an overall increase of 8.0% from the previous 6 months. Although this news sounds refreshing, the real estate market is still down 6.5% for the year.
The best and worst performing zip codes measures which zip codes in Florida have had either the best or worst previous month based on their median home sales prices. The best zip codes for November 2009 were 33805, 34601, 33547, 34652, and 32720 while the worst were 33916, 33705, 32819, 33607, and 33830. (MLS.com)
In 2008 the Florida population demographics consisted of 18,328,340 people with a median income of $47,804. Of this population, 12.1% live below the poverty rate. According to Florida State University Leroy Collins Institute, Florida had 82.5 million visitors in 2008 which is slightly down from 84.5 million in 2007 and 83.9 million in 2006. Of its 20 post-secondary schools, Florida universities had a total enrollment of 298,866 people enrolled.
Now is the time to buy. Real estate prices are at an all time low with numerous foreclosures in every state. Foreclosures in certain cities are selling for as low as 20 cent on the dollar. In order to calculate potential profit yield, it is necessary to know what’s the market value for an arms-length transactions in that specific market area. This can be determined by having an appraisal done. It is best to have a real estate appraisal performed prior to the purchase of any property whether it is a foreclosure or an arms-length transaction. By having an appraisal performed prior to the purchase, an investor or potential home owner can ensure that the purchase price is similar to that which houses are selling for in the condition and under the terms of the purchase. Once an investor/potential home owner knows what the distressed
...Download file to see next pagesRead More
According to economywatch.com (n.d.), U.S. real estate is one of the largest markets in the world. In addition to U.S. economy, it has a great influence in world’s economic activity that access to easy money and following Housing Bubble initiated the Sub-Prime Crisis that led to global Financial Crisis of 2008-2009 which had huge impact on the world as a whole.
Major aspects that are of great importance during determination of the value or a real estate include minerals, water and crops. This paper will address major topics that are related to real estates that include Ethics in Real Estate, Legal Aspects of Real Estate, Financial Aspects of Real Estate, Real Estate and the Economy, and the Real Estate Valuation Process.
One of the options that have increasingly being adopted is real estate based on the benefits it has offered in the past years. This change in market dynamics has moved individual investors to real estate investment along with institutional investors (IPF, 2007).
If the curious were to probe even further into the concepts held about real estate, it would be possible to find that most people agree that real estate can include the many different actions involved in the buying, trading, selling, and renting of the land itself.
This example of leadership from the real estate industry involved an economic benefit which is the ability of communities and landowners to engage in long-term planning for economic development. (Rising, 2001)
The real estate companies advanced an environmental objective advocated by the Environmental Defense which meant a broader ecosystem-wide planning for use of private land.
Russian real estate markets have been in tailspin kind of situation as well. In such a market while opportunities were large they could not be exploited to fullest advantage. Economic conditions largely determine the extent and the depth of demand for real estate products.
The successful realtor is one who has qualities of a good salesperson, deep knowledge of real estate markets and a broad understanding of the contracts, laws, and tax regulations that apply to real estate transactions. In the recent years Real estate investment trusts (REITs) have become major sources of financing for property acquisition and development.
A full list of the references employed has been included.
The Shanghai market has been the focus of much attention in China and abroad as its real estate markets takes off with impressive vigor. Since the 1997 Asian Financial Crisis, Shanghai has succeeded in capitalizing on the demand for prime Asian commercial real estate by opening up its markets to foreign investors and local purchasers alike.
This distinct newspaper is available in both print and via the publisher’s worldwide website at www.dallasmorningnews.com.
The printed version of the newspaper is relatively easy to navigate thanks to good quality formatting and titles and subtitles
This paper discusses Arizona’s real estate market crash. Arizona’s real estate market was thriving and bringing revenue when it crashed. The crash was caused by several factors, which had not been foreseen. The economy of Arizona largely depended on the real estate market.
6 Pages(1500 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic U.S. Real Estate Market - Commercial & Residential Market for FREE!