Florida leads nation in foreclosures

Foreclosures hitting more people with good credit:

WASHINGTON – Nov. 20, 2009 – "The foreclosure crisis likely will persist well into next year as high unemployment pushes more people out of homes, pulls down housing prices and raises concerns about the broader economic recovery."

"Among states, the worst damage is still concentrated in the states hardest hit from the start: FLORIDA, NEVADA, CALIFORNIA and ARIZONA. Together they account for 43% of new foreclosures."

Distressed sales remain a concern

Distressed sales remain a concern:

WASHINGTON – Nov. 20, 2009 – "Twenty-nine percent of recent buyers purchased a home in foreclosure or through a short sale, according to the latest Realtors® Confidence Index. Realtors who participated in the survey are also concerned about a growing number of foreclosures and the hurdles buyers face in short sales."

rock bottom update

Timeline from web team on items pending completion. Progress with site is coming along. Subscription page and programming. Conference call with Growthink regarding attorney's review of PPM. Risks analysis, how much is too much? Give back and our financial model. Percentage of revenue vs. profit....

JD back at the University of Miami for entrepreneurship week. Events put on by Launch Pad. Today's panel, Internet Business. Tomorrow, woman in business - all day event: raising capital, forming a team, investor etiquette 101.

The Real Deal | South Florida Real Estate News

The Real Deal South Florida Real Estate News: "New York best for renters, Florida best for buyers
November 04, 2009 06:00PM

Good news for New York City renters: they're living in one of the top rental markets in the U.S., according to Forbes magazine. The publication ranked the top cities to rent in the U.S. based, not on value, but on whether it's more fiscally prudent to buy or rent in that location. New York City took the number two spot on the list, beaten out by Los Angeles for the top position. Three other California markets made the top five list. On the buyers' side, Florida took the cake, with two of the state's top residential markets, Orlando and Tampa, ranked as the number one and number three best cities to buy in, respectively. [Forbes via NYDN]
Tags: buying market forbes magazine rental market residential market"

Rates on 30-year loans fall below 5 percent

Rates on 30-year loans fall below 5 percent

j & j in Miami

JZ was here in Miami : Fri - Sun. Back in LA now. Working out general real estate deals, teaming up with potential cb associates / Website progress, programming services with correlating subscription. Seo proposal: Pageoneorbust.com. Website Completion 2 weeks.

UF study: Job uncertainty holds back real estate resurgence

UF study: Job uncertainty holds back real estate resurgence: "GAINESVILLE, Fla. – Nov. 3, 2009 – With the state’s high jobless rate, Florida’s real estate outlook faces a dangerous condition that can delay any economic recovery: uncertainty.

“Most economists think the recession is over, but people are afraid to spend money as unemployment keeps going up, which creates problems for every sector of the real estate market,” says Timothy Becker, director of UF’s Bergstrom Center for Real Estate Studies, which released the latest University of Florida (UF) quarterly survey.

Florida’s unemployment rate climbed to 11 percent in September, its highest level since 1975, Becker says. And that, along with a large number of foreclosures, places Florida near the bottom of states expected to recover from the economic downturn.

“Florida was the first one into the recession and it’s probably going to be the last one out,” he says."