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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...
Sinkholes swallowing Citizens
TALLAHASSEE, Fla. – Sept. 8, 2010 – Citizens Property Insurance Corp. asked state regulators Tuesday for a premium increase, in part because sinkhole costs are swallowing up more and more of the company’s money. The company is asking 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...
Jobs are Key to Housing Recovery
Some recovery in the labor market and record low mortgage rates could help offset some of the pressures on the housing market, according to a new study released by the Joint Center for Housing Studies at Harvard University. "Right now, economists Read More...
Consumer Debt Going Down
As published by Realtor.org , "Americans are erasing debt quickly. "Officially, the Federal Reserve puts total U.S. household debt, including mortgage debt, at $13.7 trillion, or 125 percent of annual after-tax income. But that assumes that Read More...
As Volusia County tax rates drop, others may increase to make up shortfall
According to the News-JournalOnline, "taxable property values in Volusia and Flagler counties will tumble by double digits this year for the first time in memory, according to early projections released Monday by county property appraisers. "The Read More...
As Volusia County tax rates drop, other tax rates may increase
According to the News-JournalOnline, "taxable property values in Volusia and Flagler counties will tumble by double digits this year for the first time in memory, according to early projections released Monday by county property appraisers. "The Read More...