Saturday, April 26, 2014

April News for Coral Springs And Parkland March Data and Statistics

For the last 8 month on a monthly basis we have been compiling what we believe is added value from your realtor. Monthly statistic on the  local real estate market.
Some of you have told us you really liked it and appreciated the effort. please let us know how you feel about this now. if you wish to review the last 8 months see our web sites.
All single family homes in  Parkland Florida, Coral Springs Florida, Coconut Creek Florida, Boca Raton Florida, Fort Lauderdale Florida area real estate research, analysis, and statistical data displayed below are derived from the Multiple e Listing Service (MLS) the Local Association of Realtors®. All of the information is deemed reliable but is not guaranteed and should be independently verified.
Statistical accuracy is entirely dependent on the Miami & Fort Lauderdale Florida MLS. They do reflective true market conditions, and they represent the best data available at the time of calculation and posting*.
Market data for the past many month for Single family Homes in Parkland Fl  & Coral Springs Florida, Boca Raton,  Coconut Creek and Fort Lauderdale.
If your thinking of moving to South Florida watch this video of Parkland Florida
Number of homes seriously underwater at two-year low
  IRVINE, Calif. – April 17, 2014 – RealtyTrac released its U.S. Home Equity & Underwater Report for the first quarter of 2014, and it finds that 9.1 million U.S. residential properties were "seriously underwater," where the combined loan amount secured by the property is at least 25 percent higher than the property's estimated market value.The number represents 17 percent of all properties with a mortgage in the first quarter. However, the number of underwater homeowners is at its lowest level since RealtyTrac began reporting negative equity in the first quarter of 2012. In the previous quarter, 9.3 million residential properties (19 percent of those with a mortgage) were seriously underwater. One year earlier, 10.9 million residential properties (26 percent) were seriously underwater. The universe of equity-rich properties – those with at least 50 percent equity – grew to 9.9 million (19 percent of all properties with a mortgage) in the first quarter, up from 9.1 million (18 percent) in fourth quarter 2013.
Another 8.5 million properties (16 percent of all properties with a mortgage) were on the verge of resurfacing in the first quarter, with between 10 percent negative equity and 10 percent positive equity. It was 17 percent one quarter earlier.
Fewer properties in the foreclosure process also had negative equity. Nationwide, 45 percent were seriously underwater, down from 48 percent quarter-to-quarter and 58 percent year-to-year. Conversely, the share of foreclosures with positive equity increased to 35 percent in the first quarter, up from 31 percent in the fourth quarter and up from 24 percent in the third quarter of 2013."The relatively high percentage of foreclosures with equity is surprising to many because it would seem homeowners with equity could easily avoid foreclosure by leveraging that equity by refinancing or with an equity sale of the home," says Daren Blomquist, vice president at RealtyTrac. "But many distressed homeowners with equity may not realize they have equity and in some cases have vacated the property already, assuming that foreclosure is inevitable."Florida continues to rank high in the percentage of seriously underwater homeowners with a mortgage – 31 percent. It ranks second nationwide to first-place Nevada (34 percent), and it's followed by Illinois (30 percent), Michigan (29 percent) and Ohio (27 percent).
Two Florida cities also make the top-six list for underwater homeowners with a mortgage. Las Vegas tops the list (37 percent) followed by Lakeland, Fla., (36 percent), Palm Bay-Melbourne-Titusville, Fla., (35 percent), Cleveland (35 percent), Akron, Ohio (34 percent), and Detroit (33 percent).
Of Florida homeowners in the foreclosure process, 26 percent have equity, while 59 percent are seriously underwater. The remaining 15 percent are close to the break-even point.
© 2014 Florida Realtors®

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Lea Plotkin & Rubin Wites
Parkland/Coral Springs Florida , Greater Fort Lauderdale & South Palm Beach
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