How hurricane-ravaged states like Florida have avoided a housing disaster — so far

How hurricane-ravaged states like Florida have avoided a housing disaster — so far

According to real estate analytics firm Attom Data Solutions, foreclosure starts in hurricane-affected areas of Texas and Florida rose in the first quarter of 2018, but still remained below pre-hurricane levels. Given how damaging foreclosures can be for property values, credit scores and community stability, it appears the Gulf Coast has managed to dodge a potential hurricane housing disaster. At least, so far. Part of that is because there are better options for homeowners to modify their loans, and more importantly, reforms to mortgage policies following the financial crisis had already fostered a healthier housing market to begin with. [Source: MONEY]

Wellness is quickly becoming the newest (and healthiest trend) in real estate

It takes technology, innovation, and experimentation to transform a residential community into one that’s a haven for health and wellbeing. As wellness is increasingly integrated into the core DNA of the real estate industry in Florida and other fast growing markets, we are seeing proof that these investments are paying off. More from the Robb Report and the Real Deal.

Climate change is already depressing the price of flood-prone real estate

New research shows that real estate properties in areas affected by extreme weather and sea level rise are losing value relative to less exposed properties. The effects are already substantial, but they may point to a looming collapse as climate change makes coastal communities untenable. [Source: Fortune]

A decade after the bubble burst, house flipping is on the rise in Florida and elsewhere

Flipping swung wildly in cities where the housing boom and bust was most intense. In some areas, like Tampa, flipping rates exceeded 15 percent at the height of the bubble, dropped dramatically during the bust, then rebounded — sometimes just as dramatically — as investors scooped up deals during the recession. [Source: NPR]

As golf real estate stabilizes, the hottest demand is coming from developers

Florida’s pristine golf courses went from amenities to liabilities in the depths of the Great Recession — but the market is headed back toward an upswing, between redevelopment and opportunistic operators. [Source: Tampa Bay Business Journal]

STAT OF THE WEEK
133 percent
Increase in the number of Airbnb guest arrivals in Jupiter, Florida during MLB’s spring training, compared to the previous five-week period. [Source: The Real Deal]

ALSO TRENDING:

› South Florida luxury market defies expectations [Mansion Global]
Luxury condo activity doubled in Miami Beach and the surrounding barrier islands in the first three months of 2018 compared to last year—a better-than-expected start to the year in South Florida.

› First look at what will be Riverwalk Place, Tampa’s tallest tower [Press Release]
Developers on Thursday detailed plans for what they touted as the tallest building on Florida’s west coast, with condominiums priced in six and seven figures and a shimmering glass design they say would stand out in the skylines of New York, London or Dubai. Also read more at the Tampa Bay Times.

› New Naples downtown luxury residences to be completed in September [Naples Daily News]
Designed by MHK Architecture & Planning and built by BCBE Construction, the residences are exclusively represented by luxury real estate advisors David Gruninger and Michelle Jackson of Engel & Völkers Naples Bonita-Estero.

› Broward may allow development around its BB&T Center [The Real Deal]
Broward County commissioners will consider Tuesday whether to allow development of the area around the county-owned BB&T Center in Sunrise, the home of the National Hockey League’s Florida Panthers.

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