The collapse of the housing market led to an increase in the number of foreclosed residences, with ownership of many reverting to the banks. These are referred to as REO (real estate owned) properties. Recent research concludes the presence of REOs in a neighborhood can lower the property values of nearby homes, but these studies … Continue reading Foreclosed Properties Sold to Homeowners Stabilize Property Values
By Matt Kelly A new study by DeVoe Moore Eminent Scholar Keith Ihlanfeldt and economist Kevin Willardsen explores property taxes in Florida. The authors challenge the conventional wisdom that governments only consider the “public interest” when writing their budgets and setting tax rates. With property taxes accounting for 31% of Florida’s total revenues, understanding how … Continue reading New Study Sheds Light on Property Taxes in Florida
Original Post date: July 10, 2012 Article by: Anonymous The subtitle of a recent Miami Herald Business Monday (6/18/2012) article read: “South Florida's real estate market suffers from depressed prices and low inventory [emphasis added].” With an average decrease of 49% in real estate values from the housing peak in 2006, perhaps suffering is an … Continue reading Is Florida Headed for a Seller’s Market?