Real estate pros push tax credit advance for home buyers - 03/31/09 02:55 PM
If a FAR-backed coalition that includes the Florida Home Builders Association, Florida Bankers Association and the Florida Credit Union League succeeds, state lawmakers will find a way to advance a new $8,000 federal tax credit to first-time homebuyers so they can use it to make down payments.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-033109.cfm
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Wall Street rally rests on data due this week - 03/30/09 01:17 PM
Did the U.S. economy hit bottom, turn around, and start eking its way back up? Observers say "maybe," but the coming week could offer more insight if a batch of reports comes back stronger than expected.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-033009.cfm
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Survey: Households say now is good time to buy - 03/27/09 02:18 PM
Out of 1,000 potential first-time home buyers, 78 percent say that now is a good time to buy a home, despite widespread concern about the economy. And 68 percent think now is a better time to buy than six months ago.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-032709.cfm
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Rates trigger race to buy, refinance - 03/26/09 11:29 AM
It's a double whammy: Homebuyers have a hard time qualifying for a mortgage and mortgage brokers have less time to help them. According to the Mortgage Bankers Association, refinancing accounted for 78.5 percent of all mortgage applications last week as rates hit an all-time low.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-032609.cfm
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U.S. Realtors see some light at end of tunnel - 03/25/09 02:05 PM
Realtors across the U.S. report signs of a turnaround in the housing market. It's not much, but there seems to be a light at the end of the tunnel as more buyers knock on Realtors' doors.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-032509.cfm
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Survey says Americans still eager to buy - 03/24/09 01:39 PM
Nearly 25 percent of adults say they plan to purchase a home in the next five years and half of those (53.5 percent) will be first-time homebuyers, according to a survey commissioned by Move Inc., operator of Realtor.com. More than 18 percent cite the $8,000 tax credit as a motivating factor.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-032409.cfm
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Florida’s existing home, condo sales rise in February 2009 - 03/23/09 12:41 PM
ORLANDO, Fla. - March 23, 2009 - Florida's existing home sales rose in February, making it the sixth consecutive month that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). February's statewide sales also increased over January's figures in both the existing home and existing condo markets.Existing home sales rose 20 percent last month with a total of 9,858 homes sold statewide compared to 8,181 homes sold in February 2008, according to FAR. February's statewide existing home sales were 16.7 percent higher than January's statewide sales.Florida Realtors also … (0 comments)

Mortgage rates sink to new record low - 03/20/09 02:18 PM
On the heels of the Federal Reserve's new effort to aid the housing market, rates on 30-year fixed-rate mortgages dropped this week to 4.98 percent, just shy of the record low of 4.96 percent reported in mid-January, according to Freddie Mac's weekly nationwide survey.Read the full story:http://www.flreaoridarealtors.org/NewsAndEvents/n1-032009.cfm
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Mortgage rates likely to sink on Fed actions - 03/19/09 01:25 PM
The Federal Reserve's decision Wednesday to spend up to $1.2 trillion to help drive mortgage rates to historic lows could produce results as early as today, analysts predict. "It's going to keep rates low for a longer period of time," said Greg McBride, senior financial analyst at Bankrate.com.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-031909.cfm
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As foreclosed properties spread, Miami-Dade communities spring into action - 03/18/09 02:29 PM
FORECLOSURESIn communities across Florida and the U.S., the foreclosure crisis is hitting neighborhoods with problems such as vandalism of vacant homes, unkempt lawns, and other maintenance and security issues. Many cities are stepping in to protect property values and prevent block after block of unchecked blight.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-031809.cfm
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Mortgage fraud up in U.S., but dips slightly in Florida - 03/17/09 06:15 PM
MORTGAGE FRAUDReports of mortgage fraud in 2008 rose by 26 percent nationwide compared to the prior year, according to the Mortgage Asset Research Institute. Among the 50 states, Rhode Island ranked first for mortgage fraud last year, bumping Florida to second place.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-031709.cfm
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Nonprofit group touring US to help struggling homeowners - 03/16/09 12:04 PM
The nonprofit Neighborhood Assistance Corp. of America is taking its "Save the Dream Tour" across the U.S. to help at-risk homeowners find ways to lower their mortgage payments. The free counseling service has plans to visit Florida.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n3-031609.cfm
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Fannie Mae allows investors to mortgage more properties - 03/13/09 08:53 PM
MORTGAGE MODIFICATIONSKey Democratic lawmakers are courting support from the financial services industry, including credit unions, for legislation that would allow bankruptcy judges to modify mortgages. The provision passed the House last week but has not been scheduled for a Senate vote.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-031309.cfm
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Home-value insurance may be the push buyers need - 03/12/09 02:35 PM
There are would-be home buyers out there who are ready and able but not willing, because they're afraid prices will go lower. "But what if those buyers had insurance policies that would protect them if their homes lost value?" asks the chairman of Move, Inc.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-031209.cfm
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Insurance commissioner releases his legislative priorities - 03/11/09 01:08 PM
PROPERTY INSURANCEIf Insurance Commissioner Kevin McCarty has his way, the Florida Legislature will ban the use of certain criteria in determining insurance rates, including profession, education, credit score and other circumstances beyond an applicant's control.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-031109.cfm
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Nonprofit adds home refinancing initiative - 03/10/09 03:03 PM
LOAN MODIFICATIONSAfter the Obama Administration announced its $75 billion housing program, many homeowners had a simple question: "Do I qualify for a lower mortgage interest rate?" HOPE NOW, an alliance between HUD and others, announced a single application form that can be filled out online to find the answer and, if applicable, start the modification process.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n1-031009.cfm
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Markets face ‘irrational pessimism’ - 03/09/09 02:51 PM
The economy isn't really that bad. At the height of the boom, many people thought the party could never end, a term economists call "irrational exuberance." Today, however, many people have "irrational pessimism," or a fear that things will continue to get worse. Those people were wrong before, and they're wrong now.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-030909.cfm
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Mortgage woes break records again in 4Q - 03/06/09 07:19 PM
FORECLOSURESNew data shows that nearly 12 percent of all Americans with a mortgage - a record 5.4 million homeowners - had at least one late mortgage payment at the end of 2008, including a number of Florida homeowners.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-030609.cfm
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Foreclosures drove up 2008 U.S. home sales - 03/05/09 01:26 PM
A large number of bargain-priced foreclosure sales are skewing home price statistics, according to Radar Logic. While home sales rose 7 percent in 2008, for example, the number of foreclosures rose 177 percent and the number of "normal" sales fell 17 percent. About one-third of all sales involved a foreclosure.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-030509.cfm
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Mortgage and foreclosure schemes top list of Floridians’ complaints to regulators - 03/04/09 05:29 PM
MORTGAGE FRAUDComplaints from Floridians about fraudulent mortgage schemes and questionable foreclosure-rescue services were the most common concerns reported to state regulators in 2008, according to a report released Monday by Florida Attorney General Bill McCollum.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n2-030409.cfm
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Citigroup to lower some mortgage payments - 03/03/09 04:14 PM
MORTGAGESThe shakeups continue in the mortgage market. Yesterday, Citigroup announced a new program to temporarily lower mortgage payments for homeowners suddenly out of work. Meanwhile, Europe's biggest bank said it would close its U.S. mortgage operations, which include Beneficial and Household International.Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-030309.cfm
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Show me the mortgage papers’ spreading as foreclosure defense - 03/02/09 02:24 PM
Bad bookkeeping continues to plague lenders that are foreclosing. "Show me the mortgage papers" is spreading virally around the country as a defense to slow - and sometimes halt - the foreclosure process. Read the full story:http://www.floridarealtors.org/NewsAndEvents/n4-030209.cfm
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Nick and Cindy Davis CDPE,SFR, ALHS,CIAS,Realtor(R)

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