Using the Web and social media to sell real estate

A research published by CNBC shows that Florida has become in 2010 the number one state in the US for hiring qualified workforce (see the report data here). Florida has still to improve its economy and its access to capital that worsened since 2009, but has the potential of attracting companies that wish to develop their activities under the sun.

Quality of workforce is top in Florida according to CNBC.

The “workforce” indicator measures the educational level of the workforce as well as the number of available workers and the success of the state’s worker training program in placing their participants in job positions. Arizona is number #2 for workforce and Georgia is #3.

Florida now ranks in position #28 in the general assessment of States for business (the same as 2009), with Texas being in the leading position for 2010 and Virginia being #2.  Florida is now just above Wisconsin and just below Maryland and shows a positive trend for the cost of doing business (in which is gained two positions but is

The National Associaton of Realtors has just published a research paper that pinpoints ten important facts about the current US real estate market.

The US real estate market is looking better now.

1. The economy is growing, though slowly. The Gross Domestic Product has been rising for three quarters in a row.

2. The private sector is actually creating some jobs. The positive trend has begun in January 2010 and has continued without interruption through June. In April there were more than 200,000 additional jobs.

3. Consumer confidence is still low, but way off bottom. The research graph starts at 140 index in January 2000 and reaches its lowest value toward the end of 2008 with approximately 20. No we are ranging on the 60 mark and there is a steady growing trend. So consumers are three times more confident than they were 18 months ago.

4. The 30-year mortgage rate has never been lower, descending to almost 4%.

5. The national median home price is now stabilizing around the $ 180,000 mark and has been hoovering between 160,000 and 180,000 for 2 years now, after the steep descent between May 2007 and November 2008.

6. Price measurements by third party research firms are also stabilizing in the $ 140,000 range.

7. Home price-to-income ratio has finally gone back to reasonable levels, which means houses are more affordable and prices do reflect consumer buying power.

8. Economists expect the prices to slowly increase in the coming years: as little as a 0.78% increase in 2011 and then 2.43% in 2012 and so on.

9. Delinquencies are still high, but they are an heritage of the reckless lending happened in the first half of this decade. The loans originated in the recent years are performing well.

10. The median family net worth has been increasing between 2004 and 2007 (2010 data are not available yet) so there will be a growing number of renters that will be able to become bona fide home owners.

Good news, overall, which shed a positive yet conservative light on the future of the US real estate market. To read the full research, click on this
link.

Roberto Mazzoni

Between 2008 and 2009 more than 56,000 people left Florida, looking for job opportunities elsewhere or simply looking for a different place to live in. Last year instead the trend reverted and, according to the University of Florida’s Bureau of Economic and Business Research, new 21,000 resident have come in between 2009 and 2010.

A beautiful picture of Florida and its wonderful sea sceneries.

This positive trend is good news for the real estate industry, because it creates more demand, and it can be the sign that the worst stage of the crisis is now over and Florida is becoming attractive again for people from abroad or from other areas in the US.

We are still far away from the very positive growth experienced between 1950 and 2008 when an average of 125,000 new more residents were coming in every single year. Foreign immigration continues to be relatively strong and the biggest gains have been in the following counties: Miami-Dade which added 8,253 residents, Hillsborough which added 6,353 residents and Broward that added 5,834 residents.

The researchers estimate that the growth will continue slowly in the next couple of years for then raising steeply to 250,000 new residents every year.

Roberto Mazzoni

A section of the Q&A session from the commercial real estate investment seminar we have organized that gives a rapid overview of how a commercial short sale is being negotiated on a high level.

Find out how you negotiate a commercial short sale.

Find out how you can make between $ 100,000 and $ 150,000 for just doing the negotiation and how you can select the property that merits your attention.

It takes many steps to complete a successful negotiation and you need to locate the correct connection inside the bank and select your argument very carefully.

How does a commercial short sale affect the future credibility and business of a commercial real estate owner? Find out the answers from top professionals that have been doing commercial short sales for years and know all aspects of this special type of negotiation.

Roberto Mazzoni

A rapid display of the “Before and After” pictures of some remodeling projects we have completed in Florida.

7803 Charing Cross Way – Palmetto – Florida

119 N Highland Avenue – Clearwater – Florida