John's Florida Real Estate Blog
Real estate news, opinion, and listings from Zephyrhills, Pasco County, Florida and the west central region of Florida in general. Licensed in Florida.
ARCHIVED BLOG POSTS
2007
The Office of Federal Housing Enterprise Oversight "House Price Index" Shows Smallest Quarterly Increase Since 1994. US home prices increased only slightly in the second quarter of 2007. according to the OFHEO House Price Index (HPI). The HPI is based on the sales and refinance transactions and w...
08/31/2007
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FHA to implement new “FHASecure” refinancing product WASHINGTON - President George W. Bush today announced that HUD's Federal Housing Administration (FHA) will help an estimated 240,000 families avoid foreclosure by enhancing its refinancing program effective immediately. Under the new FHASecure ...
08/31/2007
Today 8/30/07, Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans dropped again! Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.45% (6.41% in the southeast), a fall from 6.52% a week ago. The average interest ra...
08/30/2007
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Today we had our weekly "agents caravan". This is when we go around the area to tour the new listings that came on the market during the previous week. Most of them were pretty reasonably priced for what they were. Many sellers are now realizing that they can earn a profit, but that the days of 5...
08/29/2007
The Conference Board Consumer Confidence Index, which had surged in July, gave back all of the gain in August. The Index now stands at 105.0 (1985=100), down from 111.9 in July. The Present Situation Index decreased to 130.3 from 138.3 in July. The Expectations Index declined to 88.2 from 94.4. ...
08/29/2007
Yesterday Nationwide Insurance announced that to limit their exposure to risk in Florida they were going to begin cancelling the policies of 39,000 homeowners and 1,600 commercial policy holders. They said they were forced to do this to "ensure long-term stability for Nationwide's customers, agen...
08/29/2007
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Today I got a call from a reporter from the Tampa Tribune. She mentioned that she had come across my blog. I am not sure whether it was the Active Rain blog or my personal Florida Real Estate Blog (I was in the shower when she called so dripping wet and answering questions made me forget part of ...
08/28/2007
WASHINGTON, August 27, 2007 - Existing-home sales were essentially unchanged in July, with increases in the West and Northeast offset by a decline in the Midwest, according to the National Association of Realtors®. Total existing-home sales – including single-family, townhomes, condominiums and c...
08/27/2007
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ORLANDO, Fla., Aug. 27, 2007 – With positive economic conditions such as low mortgage interest rates and job growth continuing in Florida, statewide sales of existing single-family homes totaled 11,674 in July and were closer to activity in July 2001 and 2002 – before the housing boom years – tha...
08/27/2007
So your "better half" wants to move to a new home and you want to stay where you are. After all, you have everything broken-in, you know the neighbors, your local hangout is just around the corner, and you do not want to do all that packing. Here are some surefire ways of sabotaging your spouse'...
08/27/2007
Rainmaker
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John Elwell
You Deserve a Full-Time Agent, Not Reduced Results
Real Estate Resources
Real estate news, opinions, and listings from Zephyrhills, Pasco County, Florida and the west central region of Florida in general. Licensed in Florida.