April 29th, 2010
The Key West Real Estate market showed significant gains in March 2010 vs. March 2009 for sales of both “single family homes” and condos. Total residential sales were up almost 65%
The Lower Keys Real Estate market also showed improvement in March with total sales up 26%.
See the charts on page 5 of the report.
Apr 2010 Monthly Market Report
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March 29th, 2010
After a slight dip in Jan 2010 (vs. Jan 2009), the total aggregate dollar volume of residential properties was back up significantly in Feb 2010 in the Key West Real Estate Market. However, in the Lower Keys Real Estate Market, the total dollar volume was down for the 2nd month in a row. See the charts on page 5 of the report.
Mar 2010 Monthly Market Report
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March 25th, 2010
Washington Post - 03/24/10
Treasury Secretary Timothy F. Geithner on Tuesday told a congressional panel considering the future of Fannie Mae and Freddie Mac that the Obama administration would seek to keep in place aspects of the housing-finance system that have worked well during the past few decades as it overhauls the parts that did not.
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March 23rd, 2010
Chapter 7 bankruptcy, sometimes call a straight bankruptcy is a liquidation proceeding.
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March 23rd, 2010
Key West Citizen - 03/17/2010
Federal regulators have issued a directive that Key West Bank must be merged or acquired by another financial institution because it is so severely undercapitalized, mostly as a result of mortgage defaults.
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March 23rd, 2010
Key West Citizen - 02/06/2010
A local development company has sold its ownership in Conch Harbor Marina to one of its investors, who said he has no plans to redevelop the property.
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March 23rd, 2010
Key West Citizen - 02/25/2010
A Wisconsin bank has foreclosed on the ill-fated Harbor House condominium development on Key West’s Caroline Street, and the property is scheduled to be sold on the courthouse steps Tuesday morning.
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March 22nd, 2010
Normally, debt that is forgiven or cancelled by a lender must be included as income on your tax return and is taxable.
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March 18th, 2010
The government is ending a program that has kept interest rates low and housing-affordability levels high for months.
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March 9th, 2010
Real estate agents say their phones are ringing a lot more in recent weeks as folks scurry to sell and or buy homes before next month’s tax credit deadline.
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