Browse our Siesta Key vacation rentals under the vacation rentals tab above. We have a selection of homes and condominiums available for rent on Siesta Key. Rent Siesta Key is a full service property management company with years of combined experience in the real estate market! We specialize in residential leasing and property management services. Give us a call today and see what we can do for you!
February 3rd, 2010
By DAVID STREITFELD The New York Times. “After three years of plunging real estate values, after the bailouts of the bankers and the revival of their million-dollar bonuses, after the Obama administration's loan-modification plan raised expectations of many but satisfied only a few, a large group of distressed homeowners is wondering the same thing.
New research suggests that when value falls below 75 percent of the amount owed on the mortgage, the owner starts to think hard about walking away, even if he or she has the money to keep paying. In a situation without precedent in the modern era, millions of Americans are in this bleak position. Whether, or how, to help them is one of the biggest questions the administration confronts” (Streitfeld). Read the Full Story at HeraldTribune.
January 26th, 2010
Tampa Tribune, Shannon Behnken. Federal tax credits for homebuyers have certainly boosted the Tampa Bay area real estate market. The incentives have prompted nervous buyers to get off the fence, and that has helped the area shed thousands of homes from the region’s inventory of unsold properties.Full Story
January 26th, 2010
CHICAGO (AP) Americans’ confidence in the economy improved modestly in January for the third straight month, as they begin to feel slightly better about business conditions and the job picture, according to a survey released Tuesday. Read the full article at FloridaRealtors.org
January 20th, 2010
Forecasts for 2010 on home sales and new home construction seem to be fairly modest at best. Will we see an increase in renovation? Reports suggest that homeowners will be more inclined to renovate their homes to meet their ever changing tastes and needs instead of looking for a new property.
January 19th, 2010
Reported by Luke Mullins of US News, even more foreclosures are set to hit the housing market this year. 2009 showed a 21 percent increase in foreclosures from the previous year which accounts for about 2.8 millions properties. As foreclosure and loss mitigation departments become overwhelmed with paperwork and with more and more homeowners walking away, Mullins writes “Simply because they believe it’s best for their finances”, the time for a property to reach settlement can take up to a year. Alex Edmonds, an assistant professor of finance at the University of Pennsylvania says “Defaulting on their loan is a rational decision: while they forfeit their homes, they rid themselves of a mortgage liability of even greater value”. Read the full article at Finance.Yahoo.com
January 14th, 2010
Reported by the Pelican Press, Sarasota/Bradenton airport may begin offering direct flights to and from Frankfurt, Germany this year. The decision is said to come sometime in March. Economic & Community Development Chair Rick Piccolo estimates the new flights, which will run twice a week, will bring about 30,000 visitors to our area. This could mean hundreds of thousands more nights booked in local lodgings.
January 6th, 2010
Reported by Harold Bubil of Herald Tribune, A report compiled by John Lafabregue a RE/MAX Alliance Group associate shows that the number of homes for sale in Sarasota dropped 36% from 2008 and condos dopped by 21%. The drop in for sales signs are said to be due to forclosure sales which range from the 50K to 150K dollar range. Bubil stated that "these figures indicate the market is performaing moderately well".
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