Wednesday, May 26, 2010

Palm City Equestrian Properties: PALM CITYS HORSE TALK: Week's Economic Review Newsletter

Palm Citys Horse Talk Weekly Newsletter: Our Economy

Posted via web from horsetalkgirl's posterous

PALM CITYS HORSE TALK: Week's Economic Review Newsletter

OVERVIEW ~ May 10 through May 14 ~ The Dow Jones Industrial Average (DJIA) began the week at 10380.43. However, by the close of trading on Wednesday (May 12), the DJIA had regained all that it had lost in the prior week’s declines. By Friday’s close, though, the DJIA had lost more than 200 points as uncertainties unsettled the stock indices, and concerns about the European Union’s bailout package weighed down the financial markets. The good news, as far as our nation’s real estate markets were concerned, was lower interest rates, with the Freddie Mac average 30-year fixed rate edging down to 4.93%, the lowest reading so far in 2010, and the ten-year Treasury note falling all the way to 3.444%.

FOCUS ~ Behind the economic headlines that seem to change direction on a daily, if not an hourly, basis, several economic trends are asserting themselves. First, the manufacturing sector is gaining in health, and is very likely providing the greatest strength and promise now fueling the economic recovery. Second, the new home sector is surprising many in the market with its growing strength.

In April, the ISM (Institute of Supply Management) Manufacturing Index rose to 60.4 from the prior month’s 59.6. This took the index above 60 for the first time since 2004. The index results from an extensive survey of purchasing managers, measuring their optimism regarding present and short-term future levels of orders they expect to have to fill. Thus, any reading below 50 shows that less than half of the purchasing managers report an optimistic attitude. Above 50, on the other hand, suggests that the sector is strengthening. The current reading of 60, especially after years in the doldrums, is especially strong and very likely signals recovery.

The ISM reading was bolstered by a report that new orders for manufactured goods grew by 1.3% in March, and that manufacturing output rose by 1% according to the April Industrial Production report.

Construction spending, meantime, rose 0.2% above March’s level in April. Significantly, spending on building new single-family residences climbed 1.6% month-to-month, and 17.2% from April 2009 to April 2010. At the same time, April retail sales data showed sales soaring at building supply stores. And the latest NAHB (National Association of Home Builders) Market Index climbed 15.8% in May from 19 to 22. That’s 37.5% above the May 2009 figure. This index, based on a survey of construction firms, suggests that builder confidence is rising significantly.

Today’s low interest rates and improvement to both the manufacturing and new home sectors are important elements leading to the current opinion by many that our economy has edged into recovery.

Economic summary content © 2010 Right Side Marketing, (800) 456-4395. Duplication or reproduction without prior written consent is prohibited. Any opinions expressed herein are that of Right Side Marketing only. Right Side Marketing is not owned, operated or controlled by Bank of America, N.A. or its parent or affiliates.

This publication is provided for your general information only and the observations and statements expressed herein do not necessarily represent the views of Bank of America, N.A. or its affiliates. Bank of America and Right Side Marketing assume no liability for loss or damage as a result of your reliance on information in this publication. Our goal is for the content of this publication to be accurate as of the date this issue was printed. However, due to rapid changes occurring in the financial environment, and associated programs, products, and services offered within the home financing industry, we do not guarantee the accuracy or completeness of the information presented. Any information herein should not be relied upon without independent verification by the reader.


Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice. ARM62564
Wimauma, Florida, Six acre farm at reduced price $349,900.  See for more information.  PALM CITYS HORSE TALK

Wednesday, May 19, 2010

Palm City Equestrian Properties

Look at this beautiful 20 acre country estate located in Martin Ranches just fifteen minutes west of Palm City. Pristine gated community. $425,000

Posted via web from horsetalkgirl's posterous


OVERVIEW ~ May 3 through May 7, 2010 ~ It was an extraordinarily erratic week. Concerns about the debt crisis in the European Union had a powerful impact on the markets, with stock markets (including American markets) falling, interest rate yields in America plunging, the price of oil declining, gold managing “flight-to-quality” gains, and the euro falling against the dollar. Also extraordinary was Thursday afternoon’s temporary plunge of more than 1,000 points on the Dow Jones Industrial Average, which may have been caused by automatic selling programs and problems in other stock market technology. The decline continued on Friday, and a good employment report for April was unable to curtail the stock markets’ slide. The employment report, though, remains significant and is worth a closer look.

FOCUS ~ Not only did the American economy add 290,000 new payroll jobs in April, revisions to the number of jobs added in February and March showed a further growth of 121,000. And there is little to detract from the economy’s achievement. The number of jobs wasn’t inflated by the hiring of temporary government census workers. Nearly all of the job growth in April resulted from private-sector hiring.

Professional and business service occupations accounted for about 80,000 new jobs; manufacturing was responsible for 44,000; there were even 14,000 new jobs for construction workers.

Why, then, did the unemployment rate climb from 9.7% to 9.9%?
The new payroll data is gathered through telephone surveys of American businesses. But the unemployment rate is tallied from an entirely different survey in which households are called and people are asked how many members of the household are working, how many are not working but are looking for work, and how many have given up looking for work (often temporarily). Those who are unemployed but not looking for work are not considered part of the civilian labor force and are not included in the computation of the unemployment rate.

Notice, though, that the number of Americans looking for work begins to grow as people regain confidence that there may be jobs available to them. Thus, 805,000 potential workers began again to look for a job in April, obviously far more than the number of available new jobs. The bad news, therefore, is that the economy still hasn’t recovered enough to provide all the jobs our workers need. Far from it. But the good news is that the job market seems finally to have entered a recovery. Thus, the employment report for April, despite the higher unemployment rate, is very good, on balance. It confirms the view that the economic recovery is advancing.
PALM CITYS HORSE TALK:  PHOTOS: BEAUTIFUL MARTIN RANCHES, JUST 15 minutes west of PALM CITY, FLORIDA and is absolutely beautiful. 20 acres $425,000 pristine property. Cattle, horses, HOA in place with beautiful upkeep of this gated community.  One of a kind.  Last high and dry lot left.
See my website,

Monday, May 17, 2010

Jupiter Farms, FL 5 Acre Stable - Horse Farm for Sale in Jupiter, Florida FL - FREE Ads

Check out this website I found at

This is quite a deal. Upscale Jupiter Farms and this little money maker farm. This farm brings in income of $1,200 each month. Take a look at it. For more information:

Posted via web from horsetalkgirl's posterous

Build in Beautiful Stuart-West Florida - 2.18 Acres of Land for Sale in Palm City, Florida FL - FREE Ads

Check out this website I found at

Stuart-West, private equestrian property located in Palm City Farms, Palm City, Flordia. This is an equestrian and country estate gated community. Lots are not plentiful so take a look at this. See for more information.

Posted via web from horsetalkgirl's posterous

Stuart-West 4 Acre Lot, Palm CIty, Florida - 4.00 Acres of Land for Sale in Palm City, Florida FL - FREE Ads

Check out this website I found at

Stuart-West Property for sale. Located about 30 minutes from West Palm Beach. This community offers a tropical setting and total privacy, easy access to highway 95 and the Florida turnpike. for more information.

Posted via web from horsetalkgirl's posterous

Beautiful Stuart-West Florida Lot - 3.72 Acres of Land for Sale in Palm City, Florida FL - FREE Ads

Check out this website I found at

Check this out. Go to my website:

Posted via web from horsetalkgirl's posterous

Palm City, Stuart West, Fl Lot - 2.24 Acres of Land for Sale in Palm City, Florida FL - FREE Ads

Check out this website I found at

Nice lot in Stuart West of Palm City, Florida. For more information:

Posted via web from horsetalkgirl's posterous

Palm City Equestrian Properties: PALM CITYS HORSE TALK: Washington and tax code

Check out this website I found at http

Washington update by National Association of Realtors

Posted via web from horsetalkgirl's posterous

PALM CITYS HORSE TALK: Washington and tax code

WASHINGTON – May 17, 2010 – Congress is considering changes to the tax code as a number of provisions expire in 2010. Two of these provisions would impact real estate.

In response, the National Association of Realtors® issued a Call to Action, asking all Realtor members to call their personal Senator and Representative, and ask him or her to vote "no" on the proposed changes.

The first proposed change would require owners of rental properties to file IRS 1099 forms for all contractors paid $600 or more in any given year. This provision would apply to even the smallest landlord.

In addition, Congress is considering taxing "carried interest" at ordinary income rates instead of capital gains rates. Carried interest rules govern the way general partners in real estate investments pay taxes when the investment is sold.

"The real estate industry is still very fragile and likely to remain so," says Florida Realtors Vice President of Public Policy John Sebree. "Any new tax burdens on real estate owners will impair and delay further recovery. These proposals are ill advised, inopportune and potentially destructive. Please take action today."


Wednesday, May 5, 2010


Post a Comment

Great deals are to be found. This one is a good one. Income producing and rents for $1,200 per month.

Posted via web from horsetalkgirl's posterous


Jupiter Farms, Florida Income Producing property $299,000.  Rents monthly $1,200.
This is a real deal. Money Return is good for todays rates.

OVERVIEW ~ April 19 through April 23, 2010 ~ The Dow Jones Industrial Average (DJIA) rose each day, usually in 0.1% increments, which took the index from 11018.66 at the beginning of Monday’s trading day to 11204.28 at the end of Friday’s. The 10-year Treasury note, meanwhile, shuffled in place, ending the week at 3.813%, only 1.2 basis points below its yield at the end of Monday. The Freddie Mac (FHLMC) average 30-year fixed-rate stayed at 5% for the week. And the real estate sector provided several examples of good news.

FOCUS ~ The Mortgage Applications Survey, assembled by the Mortgage Bankers Association (and detailed to the right), finally showed the kind of strength many analysts have been anticipating. For the week ending April 16, the overall index (including refinancing mortgage applications) climbed by 13.6%, with the applications for purchase money mortgages rising by 10%, and the refinancing index, inspired by slightly lower interest rates, increasing by 15.8%. However, the good news was received by many analysts with some skepticism. They attributed the higher numbers mainly to the end of the federal $8,000 and $6,500 tax credit program for homebuyers.

Based on higher mortgage application numbers, in any case, we can reasonably expect more completed sales in the near term. Meantime, the existing home sales index showed an increase of 6.8% in March over February’s sales. (Remember that this index tallies completed sales, and thus tells us very little about the future.)

Even more sales were computed in the new-home sales index, which rose by 26.9% in March over February’s sales volume. (This index, though, is based on a rather thin reading of builder sales, and is often revised in future months.) We end up with a portrait of what may possibly be an improving real estate market. But we need longer-term indicators if we are to gain a better sense of where the real estate market may be heading.

There are, thankfully, a few significant long-term indicators: According to the Wall Street Journal, finished lot prices are up about 20% nationally from the beginning of 2010, with prices rising by more than 60% in Phoenix and Southern California’s Inland Empire, for example, and by nearly 40% in Los Angeles in the same time period. Builders are buying up most of these lots and thus are betting on real estate’s future at this point. And investors are betting on the builders, with the Dow Jones U.S. Home Construction index, a measure of rising and falling builder stocks, up almost 30% this year. These are significant investments in real estate’s growth over the longer term.

Saturday, May 1, 2010

Just listed: 607 East, Butch Cassicy Trail, Wimauma, FL 33598 for $349,900

Nice six acre property located near Tampa, St. Petersburg area. $349,900. Barn and upscale home in desirable Sundance Trails Subdivision.

Posted via web from horsetalkgirl's posterous

Just listed: 16550 East 97th Way, Jupiter, FL 33478 for $399,000

Great fixer, beautiful five acre property, located in Jupiter Farms area. Has another five acres available next to this farm property. It is private and improved land with rare fruit trees, mango, lychee, orange, grapefruit and many more. $399,000

Posted via web from horsetalkgirl's posterous

Just listed: 2200 SW San Antonio Drive, Palm City, FL 34990 for $225,000

Nice equestrian and country home area in Palm City, Florida. Beautiful and private this two acre property offers great eastern exposure.

Posted via web from horsetalkgirl's posterous