Nina Link - Realtor

What's News

The following are some articles that both buyers and sellers may find interesting or helpful.

Commercial real estate markets have been relatively flat this year, but improving fundamentals mean a more positive trend is expected in 2012, according to the National Association of Realtors® (NAR). Lawrence Yun, NAR chief economist, says there is little change in most of the commercial market sectors. "Vacancy rates are flat, leasing is soft and concessions continue to make it a tenant’s market," he says. "However, with modest economic growth and job creation, the fundamentals for commercial real estate should gradually improve in the coming year."  More>>

The Conference Board Consumer Confidence Index, which declined in October, surged almost 15 points in November.The Index now stands at 56.0, up from 40.9 in October. The Present Situation Index increased 11.2 points to 38.3 from 27.1. The Expectations Index, which gauges attitudes about the economy's condition six months from now, went up 17.8 points to 67.8 from 50.0.

"Confidence has bounced back to levels last seen during the summer (July 2011, 59.2)," says Lynn Franco, Director of The Conference Board Consumer Research Center. "Consumers' assessment of current conditions finally improved after six months   More>>

CoreLogic released data yesterday that showed 10.7 million residential properties with a mortgage, or 22.1 percent, had negative equity at the end of third quarter 2011. That’s down slightly from 10.9 million properties, or 22.5 percent, in the second quarter. Florida ranks third in percentage of homeowners with negative equity behind Nevada and Arizona.

An additional 2.4 million borrowers nationwide had less than 5 percent equity, referred to as near-negative equity, in the third quarter. Together, negative equity and near-negative equity mortgages accounted for 27.1 percent of all residential properties with a mortgage nationwide in the third quarter, down from 27.5 percent in the previous quarter.  More>>