According to the Federal Reserve's Survey of Consumer Finances home owners are building their wealth at a rate four times that of renters. Net worth of a home owner over the past 15 years is 30 to 45 times greater than a renter. On average, a home owner has over $200,000 of net worth while a renter’s hovers around $5,000. Home ownership is a significant component of the net … Keep reading... about Home Owners Build Wealth

A study by the Tax Foundation found that overall, living in Florida is less expensive than living in the Northeast and Midwest. 
Based on the national average, your dollar goes farther in Florida than other states. $100 in Florida buys $101.21 of goods based on national prices. However, as the Clearwater Gazette reported, prices are higher near cities, but prices in and … Keep reading... about It’s Cheaper to Live in Florida

Last month’s housing starts were at an annual rate of 1.093 million units, the highest reading since November. Single-family housing starts in July increased 8.3 percent over the revised June figure of 606,000, and were at a rate of 656,000. The July rate for multifamily housing was 423,000, showing the strongest level of starts since 2006. Home Depot and other home stores … Keep reading... about Home Construction Growth

While Florida still has the highest foreclosure rate in the nation, July 2014 showed a drop of 30% over July 2013. Home sales in Florida have been somewhat flat and property prices have begun a slow increase. Southwest Florida home sales, and homes sold in Punta Gorda, Port Charlotte, Rotonda, Venice and Sarasota have gained in price, the uptick is not dramatic. Because … Keep reading... about Florida Foreclosure Properties

During the last half year there is growing evidence that home prices in Southwest Florida have or are stabilizing. In Tampa, prices have actually fallen 0.7% in March 2014 over February. However, that small change shows that while there are still a significant number of sales, the balance between available homes for sale and those selling is just about right. All signs point to … Keep reading... about Stable Home Prices

In a surprising trend, buyers from China are investing in real estate in college towns. They often buy one or several condos or homes near a college so they can give their children an alternative to living in a dorm and to produce income as well. Considering the high cost of real estate in China, investment property in the US seems like a bargain. Buyers are not even worried … Keep reading... about Chinese Investing in College Condos