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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 short refinance option now available
WASHINGTON – Sept. 8, 2010 – In an effort to help responsible homeowners who owe more on their mortgage than the value of their property, the U.S. Department of Housing and Urban Development (HUD) now provides a new refinancing option for Read More...
6 Big Mistakes Daytona Beach Homebuyers Can Make
Here are the 6 most common and costly mistakes you can make as a homebuyer in our Daytona Beach area. (Hint - a good Realtor will help you prevent these.) 1. Not knowing your credit score, and concurrently, not knowing your buying power. You must know Read More...
Mortgage Rates on the Rise
The average rate on a 30-year loan has jumped from about 5 percent to more than 5.3 percent in just the past week. As mortgages get more expensive, many homeowners who need a certain low rate to purchase may be priced out of the market. The average rate Read More...
Vacation Home and Investment Sales in 2009
The 2nd home and investment purchase make up a large portion of the Florida real estate sales. NAR's (National Assn of Realtors) 2010 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2009, shows vacation-home Read More...
Best Guesses for the Future of Florida Real Estate Prices
A recent article in the Tampa Tribune, by Shannon Behnken, distributed by McClatchy-Tribune Information Services, explored how real estate agents around the country feel about home prices this year. "About half of Florida’s real estate agents Read More...
Price Reduced on 8-201 Orange Grove Dr in Lakes of Pine Run
Lakes of Pine Run, Ormond Beach - Announcing a price reduction on 8-201 Orange Grove Dr, a 1,100 sq. ft., 3 bath, 2 bdrm 2 story. Now MLS® $114,900 - Screened patio,water view. Property information Read More...
Buy that Daytona Beach Waterfront Home with a Jumbo Loan
The jumbo loan market is starting to loosen, making it easier for move-up buyers to borrow. Rates on jumbo loans of more than $729,750 in highest-priced markets rose during the financial crisis and lending standards tightened to the point where borrowers Read More...
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