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Your Bi-Weekly Newsflash from
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A quick dash of news you need to hear
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Foreign buyers are flocking to Florida condos again
|  Canadians,
Brazilians -- even some Chinese -- are buying up Florida condos, sometimes in
bulk. The lure: rock-bottom prices.
Nearly 800 Canadians will jam a hotel ballroom
near the Toronto airport Sunday to hear the gospel of Florida real estate. High-end Brazilian
buyers prefer to be wooed more intimately -- perhaps at a cocktail party or a
small private dinner -- but they are just as pumped. Lured by rock-bottom
prices, international buyers are now flocking to buy Florida properties. It's
especially true in countries where the currency is strong against the dollar. ``We're telling
Canadians this is a once-in-a-lifetime opportunity -- the perfect storm,'' said
Brian Ellis, who heads Toronto-based Florida Home Finders of Canada. ``The
prices are just incredible and the Canadian dollar has been so strong.'' At least three of
five buyers in the Greater Downtown Miami condo market are coming from abroad,
estimates Jenny Huertas, international sales director for Condo Vultures, a
real estate advisory and research firm. The stampede from
overseas is ``kind of like a foreign subsidy helping us resolve our real estate
problems,'' said Peter Zalewski, a Condo Vultures principal. ``This time the
assistance isn't coming from Washington. It's coming from Caracas, London, Milan,
Bogotá.''
Read on ... |
Reach the right people with Facebook
|  What if you could direct your advertising only to the people who wanted
it? You can do that effectively, and inexpensively, with Facebook.
Imagine if you could advertise your services in such a way that only
those who are most likely interested would even see the ads - and better
yet, you only had to pay for the ads when consumers acted on them.
Sounds a lot better than traditional print advertising, doesn't it?
This is what "hyper-targeted" advertising is all about, and nowhere
is the opportunity greater for this than on Facebook. Yet few people in
the real estate industry have taken advantage of it. Read on...
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Home prices drop
3.5%
Government incentives and low mortgage rates boosted home sales, but they
weren't enough to push up sales prices.
March's sales prices fell 3.5 percent in the Tampa metro area,
compared with the same month last year, according to the Standard &
Poor's/Case-Shiller 20-city index released Tuesday. Prices fell 0.1
percent from February. Nationally, prices fell 2 percent from last year and 1.8 percent from
the previous month. That data prompted the co-creator of the Case-Shiller index to raise
concerns that the worst may be ahead. He points to weak job growth,tight credit and
many more foreclosures on the horizon. The Tampa-St. Petersburg-Clearwater metro area fared well
according to Florida Realtors. Home sales rose 27 percent. The
association said median sales
price fell 2 percent from last year to $132,900. Read on...
I hope you enjoyed this newsletter.
Sincerely Yours,
Michael C. Blickensderfer, Esq.
This newsletter is not meant to substitute for legal advice. If you have a legal question, please contact our office and speak with an attorney. This newsletter is not an agreement for representation. If you would like to hire an attorney, please contact our offices to learn more.
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