Friday, March 27, 2015

Florida has fastest growing U.S. city

 

Census Bureau: Fla. has fastest growing U.S. city

 

THE VILLAGES, Fla. – March 27, 2015 – The Villages, located to the west of the Orlando metro area, grew by 5.4 percent between July 1, 2013, and July 1, 2014, and now has a population of about 114,000. That makes it the fastest growing U.S. city, according to Census Bureau information released yesterday.

Overall, Florida has seven metro areas in the U.S. top 50 for growth over that timeframe.

The Census Bureau released information in December that found Florida had become the nation's third most populous state. The latest demographic info shows how growth in individual metro areas contributed to that expansion.

Florida metro growth

The seven Florida cities in the top 50 for new residents accounted for more than three-quarters of the state's total population gain over the time period:

  • Miami-Fort Lauderdale-West Palm Beach (with a one-year gain of about 66,000)
  • Orlando-Kissimmee-Sanford (about 50,000)
  • Tampa-St. Petersburg-Clearwater (about 41,000)
  • Jacksonville (about 23,000)
  • Cape Coral-Fort Myers (about 18,000)
  • North Port-Sarasota-Bradenton (about 16,000)
  • Lakeland-Winter Haven (about 11,000)

County growth

In addition, eight counties within these Florida metro areas were among 50 counties nationwide that gained the most population between 2013 and 2014.

Collectively, these counties accounted for more than half of the state's population gain over the period:

  • South Florida: Broward (with a population gain of about 24,000 over the period), Palm Beach (about 22,000) and Miami-Dade (about 21,000)
  • Central Florida: Orange (about 26,000) and Osceola (about 11,000)
  • West Central Florida: Hillsborough (about 22,000)
  • Southwest Florida: Lee (18,000) and Polk (11,000)

City growth by percentage

When looking at percentage of growth rather than raw numbers of new immigrants, six Florida metro areas land on the Census Bureau's top 20 list.

Furthermore, six metro areas in Florida were among the 20 fastest growing in the nation between 2013 and 2014. In addition to The Villages, they were Cape Coral-Fort Myers (sixth), Naples- Immokalee-Marco Island (10th), Orlando-Kissimmee-Sanford (16th), North Port-Sarasota- Bradenton (18th) and Panama City (19th).

"Florida's ascension, revealed when the 2014 state population estimates were released last December, was a significant demographic milestone for our country," Census Bureau Director John H. Thompson said. "These county and metro area estimates provide a more detailed picture of how this happened, showing growth in areas such as central and southern Florida."

Migration to Florida from other states and abroad was heavy enough to overcome the fact that in about half the state's counties, there were more deaths than births over the 2013 to 2014 period.

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Sunday, March 8, 2015

US Immobilienmarkt so gut wie lange nicht mehr

 

 

 

http://www.floridasunmagazine.com/artikel/immobilien-investments/us-immobilienmarkt-verkaufszahlen-so-gut-wie-lange-nicht-mehr.html

 

 

 

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pending home sales rise in Jan to highest level in 18 month

 

http://www.realtor.org/news-releases/2015/02/pending-home-sales-rise-in-january-to-highest-level-in-18-months

 

 

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Wednesday, January 14, 2015

South Florida called "one of greatest stories" in economic recovery

 

 

 

http://www.sun-sentinel.com/business/personal-finance/fl-fed-south-florida-economy-20150113-story.html

 

 

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Friday, January 9, 2015

Interest-only loans return: Is that good or bad?

Interest-only loans return: Is that good or bad?

 

NEW YORK – Jan. 9, 3015 – Interest-only loans, once blamed for the subprime mortgage crisis, are gradually re-emerging. But the product has changed a bit, which may ease some industry fears about their comeback.

As home values rise, borrowers and lenders' confidence in interest-only products has grown once again, Guy D. Cecala, CEO and publisher of Inside Mortgage Finance, told The Wall Street Journal.

With interest-only loans, borrowers make monthly interest payments but pay nothing toward the principal for a set period of time. The majority of interest-only loans today are geared toward wealthy borrowers and centered at the jumbo-mortgage level. Jumbo loans exceed limits of $417,000 in most areas or $625,000 in high-price areas.

"Most lenders think interest-only mortgages are very safe because the borrowers have strong credit profiles and generally put down large downpayments," Cecala told the Journal.

Banks are more stringent when qualifying borrowers for an interest-only loan. For example, at Jacksonville, Fla.-based EverBank, a borrower needs a credit score of 740 or higher, a downpayment of at least 35 percent, and a debt-to-income ratio of 43 percent to qualify for their interest-only jumbo product.

Prior to the housing crisis, lenders mostly qualified borrowers for interest-only loans based only on their expected interest payments. However, lenders today qualify borrowers based on their ability to pay both interest and principal, says John Walsh, president of Total Mortgage Services, based in Milford, Conn.

Walsh says that on a $1 million, seven-year ARM with an interest rate of 3 percent, the monthly payment for the first seven years would be $2,500. However, the lender would calculate the borrower's debt-to-income ratio using a $5,020 monthly payment of interest and principal at the starting rate.

Mortgage rates stayed low in 2014, even inching below 4 percent for the 30-year fixed-rate mortgage, but rates are anticipated to rise this year. If landlords raise rents, interest-only loans likely will grow as a more desirable option to homebuyers, says Cecala.

The lower monthly payments from interest-only loans may be particularly appealing to borrowers who have shifts in seasonal incomes or who plan to sell other property or want to keep cash in higher yield investments, says David Adamo, CEO of Stamford, Conn.-based Luxury Mortgage.

Source: "Interest-Only Loans Set the Bar High," The Wall Street Journal (Jan. 6, 2015)

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http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=4&id=317653

 

 

 

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Monday, December 29, 2014

Miami - 'The Most Exciting City in the World'

Floridian of the Year

Miami - 'The Most Exciting City in the World'

The city of Miami was at the forefront of every trend in 2014.

Mike Vogel | 12/26/2014

Our Floridian of the Year, the city of Miami, captured the trends — and then some — that drove Florida in 2014. Tourism increased, with records set on all fronts. Real estate continued a strong recovery, with 11 straight quarters of price appreciation. Unemployment fell and construction employment increased. The county school district won national recognition for its improvement. The vibrant downtown-living scene rose to new heights, evidenced by chic nighttime crowds dining in Brickell, runners sweating along the bayfront, crowds in the aisles at the downtown Publix supermarkets and workers installing the sign for the new Whole Foods. Find out what's behind all these trends and more, in the full article.

Source: Florida Trend

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Monday, November 3, 2014

FLorida jobs are growing again

 

onstruction jobs in Florida should grow faster than other fields through 2017, according to a forecast released Friday.

University of Central Florida economist Sean Snaith expects construction jobs to grow 10.4 percent over threee yeras. Jobs in trade, transportation and utilities — which includes retail — are expected to grow 3.8 percent; professional and business services, 3.6 percent; education and health services, 2.2 percent; and leisure and hospitality, 2 percent.

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"Bottom line is Florida's economy is improving and finally hitting its stride," Snaith said.

While the economy and jobs have been central to the campaign for Florida governor, Snaith said a governor "can't be held solely responsible for how the economy has done." A governor has no control over a national recession or measures implemented by the Federal Reserve Bank, he said.

Payrolls should grow 2.9 percent in the fourth quarter over the same period last year, Snaith said. But the economist expects payroll growth to slow to 2.3 percent in 2015, 2.1 percent in 2016 and 1.9 percent in 2017.

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Still, Florida unemployment will be about 6 percent by the end of 2017, Snaith said, because the labor force is growing and there is a rising participation in the workforce, with discouraged workers returning to the job market. Unemployment currently is 6.1 percent statewide, though lower in Broward at 5.2 percent in September. Palm Beach County is a 6 percent unemployment

 

 

 

http://www.sun-sentinel.com/business/careers/fl-snaith-forecast-fourth-quarter-20141031-story.html

 

 

 

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