Under Contract Homes Increase in May

Under Contract Homes Increase in May

Homes_under_ContractMore Homes Under Contract in May 

The number of Pending Home Sales, or homes under contract, rose by 0.9% in May 2015 compared to the month of April and 10.4% compared to the May of 2014.  Pending Homes Sales (PHS) is considered as an important guide in analysing the current market activities and strength.  Since Pending Home Sales is an indication of future completed sales, in next 1 to 2 months, it is also used to forecast the home sales status in near future.
 
According to July 22, 2015, article by National Association of Realtors, NAR, the sales of the existing homes witnessed the highest paste in June 2015 over the previous 8 years.  The report indicates the highest pace in sale of existing homes in 2007 of 53.9 million  homes while 5.1 million homes were sold in June 2015.
 
Following our series of previously published articles on market conditions, we will examine the recent “Pending Sale” statistics in this segment. The pending sales represent the number of homes that are under contract and have not closed yet.  The higher number of Pending-Sale is an indication of a good sign of positive momentum that the real estate market is enjoying these days.  As previously discussed, one of the biggest hurdle on the way to a healthy real estate market has been the number of foreclosed properties.  These properties need to be taken out of the market in order to reach any normalcy in the future real estate and construction sectors.  
 
The upward trend in pending sales started in June of 2010, which perhaps coins that date as when the market hit the rock bottom and the start of a steady increase in home prices.  The increase in sales contracts and home sales are great signs that we could finally see the lights at the end of the foreclosure era tunnel.  To witness further improvement the   under-priced foreclosed properties needs to be out of the inventory before we could see any sign of new construction.
 
With the recent increase in the number of the permits for new home construction, only hurdle standing in the way of recovery is the lenders who are still sitting on thousands of delinquent and foreclosed files.  The fiasco of last year’s mishandling of these files has caused delays in the submission of delinquency notices to homeowners and subsequent foreclosure process. The banks and other lending institutions should move to get the remaining foreclosure properties into the market as soon as possible.  Furthermore, they need to ease up the lending process for the new home buyers that they could pick these properties up from the real estate market. 
 
Perhaps it is the time for these banks to help to rebuild the real estate market that they have so mercilessly destroyed.

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Drop in Foreclosure Filings

Drop in Foreclosure Filings

foreclosure filings Port St LucieForeclosure Filings Drops  

 The foreclosure rate dropped to approximately 18% in 2014 compared to the total number of the foreclosure homes in 2013 and also down 61% from the peak of foreclosure filings in 2010.  The  foreclosure rates have been on a steady decline for the past few years.  The slowdown in the foreclosure filings along with the increase in the number of sold homes is great news for the construction industry.  During the past four years, this sector has not been able to compete with the massive umber of lower-priced foreclosed homes that made the construction of new homes economically unfeasible.
Reducing the number of foreclosure properties from the inventory will help to kickstart the construction of new homes.  This in turn, will have a great effect in the creation of more jobs and stimulating the US economy.  As predicted in our recent articles the new home construction should end the slump by the end of 2011 and begin the new era for the construction industry in 2012.
For all these reasons, we have jump-started our efforts in resuming our services of pre-construction investment to offer unparalleled opportunities to the developers and pre-construction investors and home buyers.

The month of July 2010 was the 10th straight month that the foreclosure filings dropped to the lowest level since November 2007.  According to CNN Money, July filings fell by 35% compared to the same month in 2009.  The slowdown in the foreclosure filings along with the increase in the number of sold homes is great news for the construction industry.  During the past four years, this sector has not been able to compete with the massive umber of lower-priced foreclosed homes that made the construction of new homes economically unfeasible.

Reducing the number of foreclosure properties from the inventory will help to kickstart the construction of new homes.  This in turn, will have a great effect in the creation of more jobs and stimulating the US economy.  As predicted in our recent articles the new home construction should end the slump by the end of 2011 and begin the new era for the construction industry in 2012.

For all these reasons, we have jump-started our efforts in resuming our services of pre-construction investment to offer unparalleled opportunities to the developers and pre-construction home purchasers.

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Port St Lucie Home of the Week

Port St Lucie Home of the Week

Waterfront Home for Sale on Indian River Drive

This gorgeous waterfront home in Indian River Drive, Port St Lucie is on a 1.8 Acre lot with a private sundeck on the river that steps down to the small sandy beach of its own.  A 3 bedrooms, 3 baths home with an inground swimming pool and slide that is priced below the market value for a quick sale.  With a little upgrading and cosmetic work this home could become a fantastic investment opportunity for savy investors or a dream home for homeowners.  One of the best priced waterfront homes for sale in Port St Lucie, $429,000

 

 
 

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Golf Courses in Port St Lucie FL

Golf Courses in Port St Lucie FL

Florida Golf CourseGolf Resorts in Port St Lucie, FL 

Port St. Lucie is home to many golf courses designed by the legendary Golfing Pros.  Whether you come to Port St Lucie for a visit or are looking to purchase a home in one of the many gated golf communities and Country Clubs we can help you find the ideal home and negotiate the best prices.  One of the most prominent and popular golf facilities in Treasure Coast is PGA Village Verano and Castle Pines in Tradition, St Lucie West.

PGA Village and Castle Pines 

St Lucie West and Tradition are the popular destinations with many golf enthusiasts and are the home for many PGA-sanctioned golf courses. PGA Village was designed by Tom Fazio and Pete Dye and is ranked by Golf Digest as being one of the TOP 75 Best Golf Resort.  PGA Golf Club has 54 holes of golf on 35 Acres of land.   Castle Pines and PGA Village Verano are both resort style properties with an abundance of activities for the active lifestyle.
 
While there are many other great golf club communities like St James, The Tesoro Club and Country Club Estates in west Port St Lucie, the east side is also blessed with some magnificent golfing opportunities such as the Port St Lucie Golf community of  Ballantrae Golf and Yacht Club and Club Med.

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Vegetable Gardening in Port St Lucie

Vegetable Gardening in Port St Lucie


Port St Lucie GardeningGardening in Port Saint Lucie

After moving from a townhouse in East Port Saint Lucie to a house in St Lucie West our large backyard encouraged us to start our long awaited gardening plantings.  We started with plants and fruit trees that take the longest to mature and ended up planting an avocado tree, a mango tree and a Ponderosa lemon tree that bears lemons as large as a grapefruit!

The next and most recent venture was creating a vegetable garden that so far has tomatoes, green beans and different herbs including basil and tarragon.  Our newest discovery was the easiest way to plant green onions that would literally last forever and with a little patience, we might not have to buy green onions again.  The method is very simple, just cut the top of the onions where there are some roots visible, put them in the water and wait for the roots to get stronger and the green part starts sprouting.  When the green onions reach couple inches in height just plant them in good soil and soon you have plenty of green onions.  If they grow real big the beautiful flowers will add charm to any vegetable garden.  Happy Florida gardening!

 

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Coleus Plants Add Color To The Garden

Coleus Plants Add Color To The Garden

Florida GardenningNewest Additions to the Florida Garden

With busy work schedules and taking care of family this often leaves little time for the garden.  Consider coleus plants to add color without all the care.  They are easy to grow and forgiving if you do not water every day.  If you are on a budget and cannot spend a lot on landscaping you can make cuttings for other parts of the garden.  For families on the go planting flowering bushes and plants such as the coleus will add curb appeal to your home without all the high maintenance.  Remember to remove all grass and weeds from your flower beds and lay down newspaper before you mulch.

King’s Mantle also known as Thunbergia Erecta

Kings Mantle is a perennial type climber and vine reaching heights of 4-6 feet.  Plant 6-8 feet apart from other plants.   The plant likes the sun or partial shade.  Plant using a mixture of peat moss and cow manure in well-drained soil.  Trimming should be done in the late spring.  Fertilize three times a year with  a granular fertilizer in the Spring, Summer, and Fall.  You may want to add a bloom booster such as a liquid fertilizer with bone meal.You can propagate from cuttings or from seed.  You can let the flowers dry on the plants and collect seeds.

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Tropical Hibiscus Plants in South Florida Gardens

Tropical Hibiscus Plants in South Florida Gardens

Florida HibiscusPlanting Tropical Hibiscus in the Florida Garden

Hibiscus bushes and trees are easy to take care of and put plenty of color in the garden.  The tropical hibiscus comes in a variety of colors including pinks, reds, yellows, and oranges.  They come with single and double flowers.  Landscape your yard with a hedge, tree, or an accent bush to beautify your garden landscape.  Plant 3 to 6 feet apart.  Feed twice a month during growing season with dynamite plant food and the flowers will keep on blooming.  Trim back occasionally to keep the shrubbery full and healthy looking.  Many flowering plants need a lot of attention but Hibiscus plants are hardy and can take the tropical heat here in Florida gardens.  They also attract butterflies and hummingbirds.

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Weddings in Key West Florida

Weddings in Key West Florida

Florida_WeddingsKey West Weddings

Key West weddings attract many young and old couples every year to one of the most unique spots on this earth.  The Florida Keys and it’s world renowned beaches has been popular wedding destinations by Floridians and out of state couples in search of an unforgettable, romantic spot to wed or renew their commitments to each other in a tropical paradise. While Key West has established itself as the front-runner between the islands, other islands such as Key Largo, Isla Morada, Marathon and Big Pine Keys have emerged as the ideal locations for quite and romantic wedding.

Key West and the Florida Keys are only a couple of hour by car from Miami and although they could also be reached by air or sea, but the drive to the keys is a treat by itself.  Each Key in the Florida Keys is a small island the connected to  series of other islands by bridges of different sizes, with 7 Mile Bridge being the most famous one.  When arrived in Key West you are in the place that inspired Ernest Hemmingway writing of masterpieces like Oldman and the Sea.  have a cold beer and listen to the live music in Hemmingway’s hangout, the world renowned Sloppy Joe’s.  Just be careful of getting too used to living in Key West, as most current residents came as visitors and fell in love with the carefree lifestyle and never left the island!

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Florida Cruises To Carribean

Florida Cruises To Carribean

Florida_CruisesCruises from Port Everglades, Miami and Tampa Florida

Florida has several ports to cruise from including Miami, Fort Lauderdale, and Tampa being the most popular. Many vacationers choose to start or end their vacations with a cruise to tour Florida. Why not have it all when cruising?  See some of the top destinations such as St Kitts, Bahamas, or St. Barts in the Caribbean or Mexico, Columbia and Panama in South America. Stay over in beautiful sunny Port St Lucie, Florida before or after your trip to explore our beautiful state.

Port Everglades in Fort Lauderdale offers an endless number of destinations for a variety of the world renowned cruise lines. From Europe to Orient, from the Caribbean to South America and from a cruise that takes a few weeks to one day cruise to  the Bahamas, the 12 cruise lines offer an astounding 329 cruise itineraries for 700 sailings in their schedules. This is to make sure that there is a cruise for everyone with any budget or taste waiting to sail from Port Everglades, Fort Lauderdale, Tampa, Or Miami Cruise Ports.

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