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More Americans want a smaller home in the suburbs
NEW YORK – Dec. 6, 2010 – McMansions are rapidly becoming the housing equivalent of harvest gold appliances as more Americans opt for smaller residential footprints, according to a consumer lifestyle survey. In the Relocation.com lifestyle Read More...
NAR wants FICO credit scoring model revised
WASHINGTON – Nov. 24, 2010 – The 1.1-million-member National Association of Realtors (NAR) is calling on Fair Isaac Corp., developer of the FICO score, to take immediate action to mitigate the negative impact on consumers when banks suddenly Read More...
Moody’s hopeful on recovery, notes pent-up Florida demand
The pace of the national recovery is moderating and the lift spurred by nearly $800 billion in federal stimulus spending is fading, but there are several promising signs that growth will continue, including in Florida, a leading national fiscal analyst Read More...
Pending home sales slip - modest recovery in 2011
Pending home sales slip - modest recovery in 2011 NEW ORLEANS - November 5, 2010 - Pending home sales dropped out after two monthly increases, signaling an uneven recovery entering the year 2011 with few near term disruptions from the foreclosure moratorium, Read More...
Appraisals continue to be low and sink some deals
With foreclosures a large share of property sales in some areas, appraisers continue to factor in the sale price of foreclosed properties when setting values of regular properties. Appraisers are aware the practice isn’t ideal, but in some markets Read More...
Mortgage rates match low of 4.32%
Mortgage rates for 30 years found the lowest in decades, and prices for 15 years, the loans fell to their lowest point in nearly 20 years. Mortgage buyer Freddie Mac said Thursday the average 30-year fixed loan fell to 4.32 percent, the lowest record Read More...
Congress has promised to limit nearly $730K
October 1, 2010 - Congress has extended a policy that allows housing market expensive real estate, mortgages backed by the government to guarantee nearly $ 730,000. The legislators of the Congress voted to maintain the maximum amount of loans guaranteed Read More...
More International Buyers for Florida
A number of factors have contributed to the decline in home sales nationally and in Florida in particular, but the growing importance of foreign buyers has offset some of the damage. About two of three real estate agents of the state had at least one Read More...
FHA Tightens Downpayment Rules for Borrowers
While these new rules will only affect buyers who want to get a FHA loan, they may set the tone for other lenders. Tuesday, the Federal Housing Administration announced it will raise the minimum down payment for its least credit-worthy borrowers. Borrowers Read More...
Time to Spend those Gift Cards and Store Credits
After receiving emails from 5 folks today listing about 20 companies that will be closing stores nationwide after the first of the year, I decided I should check out the rumors. AOL Money has an article on their front page about the changes coming in Read More...
Analysis of September Real Estate Statistics for the Daytona Beach ARea
I have just reviewed the monthly statistics for our area from the Daytona Beach Area Association of Realtors Multiple Listing Service and I thought you'd like to review the current activity from September 1, 2008 to September 30, 2008. There are currently Read More...
Update on Daytona International Speed Weeks 2008
What will NASCAR 's Car of Tomorrow look like on the historic high banks of Daytona International Speedway ? How will Dale Earnhardt Jr . fare with his new team at Hendrick Motorsports ? How will Joe Gibbs Racing perform with its new driver Kyle Busch Read More...