Lakeland Real Estate ... News, Real Estate Tips.. Gate Arty

Foreclosures are at an ALL-TIME HIGH. In the 3rd quarter of this year 937,84 homes received a foreclosure letter. How do you put this in perspective? Well, that means that 1 in every 136 homes were in foreclosure. That's a 5% increase from the 2nd quarter. It's also a whopping 24% leap from this ...

Existing home sales rose a whopping 7.2% in July to 5.24 million units. In June, there were 4.89 million units sold. This increase was the largest month-to-month gain in over 2 years! The percentage increase was the largest since 1999. This also marks 4 straight months that we have seen sales inc...

The mortgage delinquency rate, which is defined as the percentage of mortgage holders who are over 60 days or more late on their payments, rose for the tenth consecutive quarter (thru 2nd QTR, 2009). It is now at an all-time high of 5.81%. How should we put this figure in perspective? Well, that ...

We have all heard that the demand for new home construction has shrunk due to home buyers targeting foreclosures & short sales rather than building new homes. Did you know, however, that the actual size of new homes is shrinking as well? I mean literally. The U.S. Census Bureau reports that the m...

TODAY, is August's version of First Friday & this month's theme is once again, the popular "Dog Days of Summer." For those of you that resemble your pooches, there is a dog/owner look-a-like contest. This contest will be held at FastFrame on South Kentucky Avenue. There will also be dog obedience...

The Natiional Association of Realtors has reported that the pending home sales index rose again for the fifth consecutive month. It rose 3.6% (94.6 from 91.3) in June from May. The pending home sales index tracks signed home purchase contracts and is considered a leading indicator of activity. Wh...

It appears that the wave of foreclosures is still building. Nationwide, there were 1.5 million foreclosures in the first half of 2009 alone. This represents an increase of 15% from last year.  Foreclosure filings increased an astounding 33% in June from the year prior. Nevada is still the clear l...

This month, our monthly First Friday celebration coincides with "Red, White & Kaboom!" So as usual, go to Munn Park and the adjoining areas for Downtown Lakeland's First Friday celebration beginning at 4 p.m., but make sure you stay for the fireworks . . . literally. Beginning around 6 p.m. you s...

I thought I'd pass this along since it's a great deal.  I've been working with this company as an alpha tester for the past several months.  I've been getting free virtual tours the entire time in exchange for letting them know about issues I've had with the website (which honestly there haven't ...

Sales of new construction homes fell 0.6% in May from April. The median home sales price was $212,600 in April, but rose to $221,600 in May. Meanwhile inventories of these new homes continue to fall to 292,000 units for the month of May. If sales were to hold at their current pace, it would take ...