Sarasota-Bradenton wins 2019 World Rowing Event
The world championships for future Olympians will be held at Nathan Benderson Park next July One of the world’s top rowing events for aspiring Olympians will be held next year at Nathan Benderson Park, the first time the event will be held in the U.S.
The 2019 World Rowing Under 23 Championships, the top test of the year for future Olympic athletes and national team members,
The event is expected to draw close to 1,000 international athletes, said USRowing CEO Patrick McNerney, who made the announcement at the park.
“This place is amazing — this event, this venue,” McNerney said. “People are comparing this to the Rio [de Janeiro] venue in 2016 and saying this is better.”
The event will be the third World Rowing competition on the Sarasota-Bradenton regatta course in three years. Benderson Park held the 2017 World Rowing Championships and is slated to be the site of the World Rowing Masters Regatta in September.
Although lacking some of the prestige of the World Rowing Championships and some of the size of the World Masters event for older enthusiasts of the sport, the Under 23 competition is a big deal, McNerney said.
“It’s the future Olympians,” he said. “The athletes you’ll see here in 2019 are the athletes you’re going to see in Paris in 2024.”
“Florida The Big Winner As The Wealthy Move Out Of Northern States
Roughly 5 million Americans move from one state to another annually and some states are clearly making out better than others.
Florida and South Carolina enjoyed the top economic gains, while Connecticut, New York, and New Jersey faced some of the biggest financial drains, according to a Bloomberg analysis of state-to-state moves based on data from the Internal Revenue Service and the U.S. Census Bureau…”
Wei Lu, Lee Miller, F. M. (2019, May 24th). Florida The Big Winner As The Wealthy Move Out of Northern States. FaMag.com
Home prices surge in Sarasota-Manatee as demand grows
Sarasota-Manatee gains exceed state, national averages
“This home in the Forest Lakes South community in Sarasota is listed for $299,000.”
Home prices surged in Southwest Florida, outpacing state and national gains.
Prices in the Sarasota-Manatee region jumped 6.95% over the year in September, topping the increases of 5.9% in Florida and 6.7% throughout the U.S., according to a report on Tuesday from real estate database CoreLogic.
That marks one of the rare times in 2020 that local price gains have exceeded the statewide and national averages. The U.S. increase was the fastest annual acceleration since May 2014.
The two-county region ranked 164th lowest for price growth among the 404 U.S. metros studied.
Some analysts had expected home price gains to sag during the pandemic, but they have continued to show strength. CoreLogic had earlier projected that the Sarasota-Manatee region faced a 90% chance of falling prices over the next year.
Record low mortgage rates are enticing buyers to the market. And the tight inventory of homes for sale has intensified upward pressure on home price appreciation as consumers compete for the limited number of homes on the market.
The September increase in Sarasota-Manatee home prices accelerated from the 5.0% annual growth recorded in August.
“Housing continues to be a bright spot during an otherwise challenging economic time for many U.S. households,” said Frank Martell, president/ CEO at CoreLogic. “Those in sectors that weathered the transition to remote work successfully are now able to take advantage of low mortgage rates to purchase a home for the first time or to trade-up to a larger home.”
The median price for a re-sale home was $332,650 in September, down from the record $340,000 in August, according to the Realtor Association of Sarasota and Manatee.
Sarasota-Manatee home prices are still inching back from the Great Recession. They are now 7.3% lower than their pre-bubble highs, the 28th largest margin of peak-to-current among the metros studied.
Home price growth is forecast to decline by 0.3% in Florida over the next 12 months, and slow down nationwide to just 0.2% as more new and existing homes are put up for sale and elevated unemployment saps buyer demand.
“COVID has contributed to the acute shortage of inventory as the pace of new construction slowed and older prospective sellers postponed listing their homes until after the pandemic,” said Frank Nothaft, chief economist at CoreLogic. “Once the pandemic passes or a vaccine is widely administered, we should see a noticeable pickup in for-sale homes. And if the economy’s recovery is sluggish next year, distressed sales may also add to market inventory.”
September home price gains
Region Monthly Annual
Sarasota-Manatee 1.4% 6.95%
Florida 0.7% 5.9%
U.S. 1.1% 6.7%