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Real Estate and local news on Ormond Beach and Daytona Beach in Volusia County, Florida

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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...
Fannie Mae to Help Florida's Condo Market
Fannie Mae (FNM) will complete a review of hundreds of condo projects throughout Florida, in an effort to allow additional developments to become "Fannie Mae eligible" through new Special Approval designations. A FNM team currently is assessing Read More...
4th Quarter Home Price Survey Released
HomeGain has announced the results of the 4th quarter Home Prices Survey of Realtors, based on 928 responses from across the country. Assusming you aren't interested in what the Realtors think, here are the homeowner and home buyer statistics. According Read More...
Extended and Expanded Tax Credit Good for Both 1st Time Buyers and Sellers
Home sellers and potential buyers nationwide welcomed the recent news that Congress had decided to extend and greatly expand the Home Buyer's tax credit in an attempt to further stimulate the economy. Not only does the new legislation extend the existing Read More...
Homeowner Confidence: opposing forces
Zillow tracks Homeowner Confidence quarterly, and for the last 1.5 years, has seen expectations move more toward reality. But the 3rd quarter of 2009, homeowner perceptions were widely divergent. The Northeast owners were overly cynical about values, 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...
Volusia County Tax Rates Cut
Taxpayers won a small victory Sept. 17, when the Volusia County Council reduced its 2009-10 budget and shaved a few cents off key property-tax rates. The council voted 4-3 to set the tax rate for the county's general fund at 5.38 mills. That's Read More...
Foreclosures Still a Problem in Volusia County
In August, for Volusia and Flagler Counties, there were 1,761 default notices, scheduled auctions and bank repossession filings, according to the California firm RealtyTrac. That is up 56 percent from the 1,124 filings a year ago and close to the 1,783 Read More...
New Videos Explain $8,000 1st Time Buyer Tax Credit (which expires soon)
RE/MAX has created two new videos focusing on the $8,000 tax credit for 1st Time Buyers which expires Nov. 30. So far, this credit has definitely stimulated the economy nationwide and made mortgage lenders proactive again. View one on my For Buyers page, Read More...
Florida Cities to Benefit from new Bank of America Plan
Bank of America is making it easier for states and cities to buy foreclosures before investors purchase them. The program is a result of the U.S. Department of Housing and Urban Development’s Neighborhood Stabilization Program, which aims to encourage Read More...
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