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Ormond Beach Florida Real Estate
Looking to retire to the sunny south? Many Canadians do retire in the southern US and find the experience rewarding and relaxing. If you have the equity in your home to allow you to purchase Florida real estate, Whether it is Florida, Texas, South Carolina, Alabama, Arizona, or California there are some great real estate opportunities. If living in Ormond Beach or near the Orlando area is your goal, maybe we can help. You need a reliable and professional Florida Real Estate agent to help you find the best available properties in Ormond Beach whether resale or new construction and we can help connect you with a competent Remax agent.
Buying Real Estate in Florida
A record number of Canadians are searching for and buying Florida Real Estate. From Ormond Beach homes to Sarasota condos, Miami condos, and Fort Lauderdale, to vacation homes in Orlando and Fort Myers, a impressive array of properties are available. Remax of course, is your best source for Florida Properties. Ormond Beach is located in Central Florida east of Bradenton and south of Orlando.
Foreclosures Still Large % of Home Sales
Realtytrac in its recently published U.S. Foreclosure Sales Report™, revealed that foreclosure homes may account for more almost a third of residential home and condo sales so far in 2010. They also determined that the average sales price of properties sold while in some phase of foreclosure was nearly 27% lower than the the average sales price of homes and condos not in the foreclosure process. In June, almost 314,000 properties were subject to such foreclosure filings, off 7% from June 2009 and down 3% from May 2010.
According to the Miami Herald, for the first 6 months of 2010, there were 95,357 foreclosures in South Florida. That represents a growth of 9.5% from the same 6 month time frame in 2009. These figures combine initial foreclosure filings, auction notices and bank repossessions, the final step in the foreclosure process. If you're a Canadian looking to purchase a vacation home or a retirement home, contact us so we can help you find the right Florida Remax realtor to help you discover available repossessions and foreclosed homes in Florida.
Google Map: Ormond Beach Florida
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Florida Real Estate News
Florida Foreclosures
It may be a record year for Florida Foreclosures in 2010. According to a report in the St Petersburg Times on July 16th, Florida has the third highest foreclosure rate next to other favorite retirement destination - Arizona and Nevada. "More than 3 percent of Florida homeowners, or roughly one out of every 32, has received a foreclosure filing sometime this year. The number of bank repossessions in the Tampa Bay area in June jumped 43 percent compared with a year ago." For the whole of the US, there were more than 1.9 million foreclosure filings — default notices, auction sale notices and bank repossessions during the first half of 2010.
Canadians Buying in Florida
A study by the National Association of Realtors showed Canadians bought 23 per cent of all the homes sold to foreigners from March, 2009 to March, 2010. However, completing purchases due to US mortgage financing hurdles remained a sizable problem. one third of of potential purchasers were unable to complete their purchase due to financing problems. With US banks still facing problems, Canadians would be wise to look for other mortgage financing solutions.
Other Florida communities: Beverly Hills, Boca Grande, Broward County, Cedar Key, Avon Park, Winter Park, Dunedin, Everglades City, Florida Keys, Destin, Daytona Beach, Englewood, Homestead, Delray Beach, Lakeland, Longboat Key, Key Largo, Kissimmee, Key West, Indian Shores, Lakewood Ranch, Land o Lakes, Kendall, Oviedo, Palm Harbor, Panacea, Ocala, North Naples, Neptune Beach, Siesta Key, Seaside, Sanibel Island, St Petes Beach, Sunrise, Tampa Bay, Royal Palm Beach, Winter Park, Valrico, Titusville, and Tarpon Springs.
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