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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...
January Foreclosure Rate Down in Florida
RealtyTrac has released the January 2010 foreclosure filings numbers, which include default notices, scheduled auctions and bank repossessions. The numbers nationwide are 315,716 U.S. properties during the month, a decrease of nearly 10% from the previous Read More...
Demographic Trends and How They will Affect Real Estate
Emerging trends in demographics and consumer behavior will become major drivers of new housing opportunities, resulting in a residential market vastly different from the one that existed prior to the recession, according to Housing in America: The Next Read More...
Deland-Daytona Beach-Ormond Beach Record High Foreclosure Rates in 2009
The Miami-Fort Lauderdale metropolitan area ranked among the top 10 U.S. metro areas with the highest foreclosure rates in 2009, according to a newly released report by RealtyTrac , the Irvine, Calif.-based online marketplace for foreclosures. Florida Read More...
Real Estate Sales Up in December in Volusia County
While the median sales price of existing single family homes in Volusia and Flagler Counties dropped to a near 7-year low in December, that boosted the sales number to a 3-year high. Realtor sales for the two counties topped 800 for the month in the 2-county Read More...
2009 Foreclosure Numbers for Volusia County
December was not a good month for folks trying to avoid foreclosure in Volusia County. In Volusia and Flagler Counties, a combined 2,376 properties received default notices, were in foreclosure auctions or repossessed by lenders in December. That's Read More...
Foreclosures in Volusia County Still High
Florida posted the nation's third-highest foreclosure rate in October -- behind Nevada and California -- with one in every 168 homes receiving a foreclosure notice, according to California-based RealtyTrac. The company monitors the national real estate Read More...
NAR Reports Big Jump in September Real Estate Sales
As reported by Real Estate News , at Realtor.org, existing-home sales bounced back strongly in September with first-time buyers driving much of the activity, marking five gains in the past six months, according to the National Association of REALTORS®. Read More...
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