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Gate Arty - Lakeland Florida Real Estate

Sale Increase 4 Straight Months!

Existing home sales rose a whopping 7.2% in July to 5.24 million units. In June, there were 4.89 million units sold. This increase was the largest month-to-month gain in over 2 years! The percentage increase was the largest since 1999. This also marks 4 straight months that we have seen sales increases. Lawrence Yun, NAR chief economist, said, "The housing market has decisively turned for the better. A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales." Remember that the $8000 stimulus tax credit runs through November so act NOW!

Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs!

Homes Getting Smaller - and it's not just in Lakeland Real Estate

We have all heard that the demand for new home construction has shrunk due to home buyers targeting foreclosures & short sales rather than building new homes. Did you know, however, that the actual size of new homes is shrinking as well? I mean literally. The U.S. Census Bureau reports that the median size of new homes has dropped to 2,065 square feet. This represents a 7% drop in size compared with this time last year. Most industry professionals attribute the reduction in home size to the economic downturn. "Home size gains flatten out or decline during recessions, and we're in the midst of the most serious housing recession in decades," said Kermit Baker, the chief economist for the American Institute of Architects.

Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your Lakeland Real Estate needs!

First Friday - August 2009

TODAY, is August's version of First Friday & this month's theme is once again, the popular "Dog Days of Summer." For those of you that resemble your pooches, there is a dog/owner look-a-like contest. This contest will be held at FastFrame on South Kentucky Avenue. There will also be dog obedience skills competitions & training throughout the Downtown area.

Other First Friday events:

  • Local radio personality, Seth Mela from WLKF's Mayhem in the AM will be in Munn Park.
  • The SOFA KINGS will be jamming at the Garden Bistro between 6 pm - 8 pm.
  • Classic Car Show on Tennessee Avenue.
  • Lofty Ideas will be handing out free bandanas for the canines and samples of Italian ice.
  • Arts on the Park will have an art reception between 6 - 9 pm with the theme, "Long Days of Summer."
  • Mitchell's Coffee House will be featuring the photography of Jose Ramos.

See you there!

Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs!

Lake Mirror Fireworks & First Friday - July 2009

This month, our monthly First Friday celebration coincides with "Red, White & Kaboom!" So as usual, go to Munn Park and the adjoining areas for Downtown Lakeland's First Friday celebration beginning at 4 p.m., but make sure you stay for the fireworks . . . literally. Beginning around 6 p.m. you should make your way down to Lake Mirror & the Promenade. The popular local band, MillHopper will be playing music up until 9 p.m. when the fireworks are scheduled to begin. You can park in the city garages, as they will be open. There will be food & drink vendors during the festivities as well. See you there!

Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs!

Foreclosure Property Search Made Easy

When real estate is discussed nowadays, it seems as if the topics foreclosures & short sales are never far behind. Government and Bank-owned foreclosures offer tremendous home-buying opportunities for investors of all types. These foreclosures are called REO (Real Estate Owned) properties. These distress sales have the savvy investors licking their chops as property values are once again affordable, & instant equity is attainable on a large scale. Now the only challenge investors have is actually finding & identifying great values underneath the mountains of available homes for sale. Well, if you are searching for homes in Central Florida, a new website, midfloridareo.com, has made it easy. If you are considering buying an investment property, or simply looking for a good bargain, I suggest checking out this site.

Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your real estate needs!