Just when inventory levels have hit lows in this area not seen in years, some of the premier Florida developers are poised to begin building again in a very large way in 2012.
Cameratta Companies has started development of The Preserve at Corkscrew near Bella Terra on Corkscrew Road. It is slated to have 120 Phase One homesites available in early 2012. Lennar and Pulte Homes have been selected as the premier builders.
Lennar has also taken over at Treviso Bay in Naples and are soon to begin building there again too.
The Ronto Group filed for the extension with the city of Bonita Springs for two projects east of Interstate 75 near Village Walk that are permitted for nearly 2,000 housing units. One will be golf course centered and the other will be a retirement community.
Continue Reading Even More Proof Florida Real Estate is Rebounding
Tags: buyers, Florida, markets, real estate
Fair Isaac Corporation and data provider CoreLogic announced last week they are collaborating on another new credit score that will focus on sharing more personal consumer information with mortgage lenders next year. FICO scores are the industry standard for determining credit risk on mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration and this move is intended to provide a separate score that will incorporate information from sources like payday loans, evictions and child support payments. Future additions will likely include information on things like the status of utility accounts, rental payment histories and even cell phone account payments.
If you still are wondering about the prices hitting bottom in Florida, here are some interesting numbers from Realtor.com. According to their review of 2.2 million listings in 146 markets through August, Florida cities have had the largest year-over-year increases in average list prices in the country.
Here is more proof that Florida real estate sales are continuing to rise again this year. According to U.S. Census Bureau reports, doc stamp tax revenue (which is paid on all home sales) rose 9.8% in the second quarter of 2011 versus the same quarter last year. And, we think it’s safe to assume that part of the increase can also be equated to a rise in the value of the property’s being sold here in Florida. Here’s an example of why – 
