Realty Tribune

Fla. No. 5 nationally as ‘best for business’

Gregory Arzumanov — Mon, 30 Jan 2012 05:12:51 +0000

Wyoming, Florida and Texas rank among the 10 best states for taxes on business, while companies in states like New York, New Jersey and California have a far less pleasant tax climate, according to the Tax Foundations State Business Tax Climate Index, now in its 8th edition. The Tax Foundation says it looks [...]

Interest rates will stay low, low, low

Gregory Arzumanov — Mon, 30 Jan 2012 05:11:08 +0000

Consumers and businesses can brace for another two years of exceptionally low interest rates after the Federal Reserve said Wednesday it is likely to keep its rates below 1 percent until late 2014 because of the economys continued weakness. The decision means the era of historically low rates on loans and [...]

Doing business with RUSSIA

Gregory Arzumanov — Sat, 21 Jan 2012 18:28:15 +0000

The Russian economy is continuing to grow at a fast pace making real estate investment in the USA very appealing, attracting cash buyers to the number one “hot spot” where location, lifestyle and sunshine make The Florida Riviera a very desireable. Stretching from South Beach and the Bay islands up through Bal Harbour to Hollywood [...]

Scheduled home auctions hit 9-month high in Nov.

Gregory Arzumanov — Thu, 15 Dec 2011 23:00:19 +0000

Fewer U.S. homes entered the foreclosure process or were taken back by banks in November, reflecting a seasonal pullback in foreclosure activity by lenders and mortgage servicers. But for some homeowners already behind on their mortgage payments, the end-of-year slowdown isnt likely to provide much of a reprieve. The number of homes in foreclosure [...]

1.8M Brazil visitors expected through 2013

Gregory Arzumanov — Mon, 14 Nov 2011 05:01:11 +0000

SAO PAULO, Brazil Nov. 8, 2011 Brazil has one of the worlds healthy economies, and many residents enjoy visiting and buying a home in Florida. Florida Realtors representatives returned recently from a trade mission to the country part of a larger trade mission led by Florida [...]

Florida’s existing home, condo sales rise in 3Q

Gregory Arzumanov — Mon, 14 Nov 2011 05:00:22 +0000

ORLANDO, Fla. Nov. 9, 2011 Floridas existing home and existing condo sales continued to show gains in third quarter 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors. Existing home sales rose 12 percent in 3Q 2011 with a total of 46,759 [...]

Fla.’s home, condo sales and median prices higher in August

Gregory Arzumanov — Tue, 11 Oct 2011 00:03:28 +0000

Sales activity and median prices for Floridas existing home and existing condo markets rose in August, according to the latest housing data released by Florida Realtors. Existing home sales increased 15 percent last month with a total of 16,206 homes sold statewide compared to 14,131 homes sold in August 2010, according [...]

30% of buyers denied or give up on mortgage

Gregory Arzumanov — Tue, 11 Oct 2011 00:02:53 +0000

Credit has gotten tighter, and more buyers are being left out or becoming so frustrated they give up. Last year, more than 2 million people were turned down for mortgages, according to the Federal Financial Institutions Examination Council. About 30 percent of buyers are either denied a mortgage, or they drop [...]

Offshore investors snapping up Fla. real estate

Gregory Arzumanov — Wed, 10 Aug 2011 03:40:10 +0000

MIAMI (AP) Aug. 8, 2011 Offshore investors are flocking to Floridas distressed real estate prices as major companies with ties to Hong Kong, Spain, Argentina and Malaysia are snapping up properties sensing the local market has bottomed. International companies can park their investment and position themselves for the next development [...]

S&P downgrades Fannie and Freddie, U.S.-backed debt

Gregory Arzumanov — Wed, 10 Aug 2011 03:39:06 +0000

WASHINGTON (AP) Aug. 8 2011 Standard & Poors Ratings Services on Monday downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt. The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and [...]