Report: Weston the top housing market in Obama years
Posted by David Cohen Wednesday, 26 October 2011 10:14 | 0 comments
Want to know how bad the real estate market is? Just drive down almost any street in the U.S. and you’re likely to see “for sale” signs lining the road. Come back a month later, it’s a good bet the same signs are still there—and quite possibly a few new ones, too. But while there’s a lot of housing pain, there’s also some good news. That’s because in some markets across the country not only have home values improved, a few have even seen double-digit growth.
So where is this miracle occurring? Believe it or not, the city that has seen the biggest increase in home value is in Florida. That’s right—the state that has seen home values plummet 52.3 percent from 2006 peak levels. Nearly 96,000 loans were modified in Florida through August 2011 under President Obama’s Making Home Affordable program. Joblessness, foreclosures, and high inventory hamper recovery in nearly every corner of the state, with rare exceptions. In this case, the rare exception is Weston, a high-income city of more than 65,000 people near Fort Lauderdale where the median home value has risen 15.1 percent to $280,000 from February 2009 to August 2011.
David Cohen
Website: www.g-sig.comGSIG LLC is a full service real estate brokerage firm servicing all of South Florida including Miami-Dade, Broward, and Palm Beach Counties.
We specialize in REO Bank Owned Foreclosures.
GSIG LLC is a family owned real estate brokerage company specializing in the sales of corporate owned assets in South East Florida in Palm Beach, Broward, and Miami Dade counties.GSIG LLC was established in 2005 and now features ten on-site highly trained and experienced staff members and over 50 licensed Real Estate Sales Agents. We have over half a century of combined Real Estate and REO experience. Furthermore, GSIG LLC is now a direct broker for Fannie Mae, Freddie Mac, Bank of America, NRT REOExperts, CoreLogic and all three HUD M&M III Contractors. We are currently operating at a rate of $50 Million in sales per year, and over 250 properties sold within the last ten months.
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