housing market: Short Sal Great Investment Opportunity - 06/02/12 05:39 AM
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housing market: NAHB: Flawed appraisals killing more deals - 12/12/11 03:28 PM
WASHINGTON – Dec. 12, 2011 – In many recent cases, new homes are being appraised for less than the cost of construction, according to the National Association of Home Builders. Builders are blaming flawed appraisals for holding back the housing market’s recovery, saying that new homes should not be compared to foreclosed homes that have sat vacant and are in disrepair.“The inappropriate use of distressed and foreclosed sales as comparables in determining new home values is needlessly driving down home prices, killing home sales, causing more workers to lose their jobs and delaying a housing and economic recovery,” says NAHB Chairman … (3 comments)
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housing market: Bargains abound: What are buyers waiting for? - 10/28/11 02:48 PM
With low home prices and ultra-low interest rates, the housing market offers "perhaps the best deals of a generation." Read more.
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housing market: Fixed mortgage rates hover near yearly low - 06/24/11 01:47 PM
The average rate on the 30-year loan held steady at 4.5%, while the average on the 15-year FRM inched up to 3.69%. Read more.
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housing market: CoreLogic Index shows home price increase - 06/02/11 04:53 PM
SANTA ANA, Calif. - June 2, 2011 - CoreLogic released its April Home Price Index (HPI), which shows that home prices in the U.S. increased on a month-to-month basis by 0.7 percent between March and April, 2011 - the first such increase since the homebuyer tax credit expired in mid-2010.However, national home prices - including distressed sales - declined by 7.5 percent in April 2011 compared to April 2010 after declining by 6.8 percent in March 2011 compared to March 2010. Excluding distressed sales, year-over-year prices declined by 0.5 percent in April 2011 compared to April 2010 and by 1.6 percent … (0 comments)
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housing market: Americans postpone real estate rebound - 05/20/11 02:00 PM
SAN FRANCISCO - May 20, 2011 - Trulia and RealtyTrac released the latest results of an ongoing survey that has tracked American attitudes toward foreclosed homes since 2008.Key findings
· More than half (54 percent) of U.S. adults believe recovery in the housing market will not happen until 2014 or later. In a previous survey conducted six months ago, 42 percent said they thought the market would turn around by 2012 or had already turned around. Now, only 23 percent continue to think this will happen.
· 45 percent of American adults say the government is not doing enough to … (1 comments)
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housing market: Pace of foreclosures slowed further in April - 05/12/11 01:55 PM
Court delays caused much of the drop, however. In Fla., process takes about 619 days, up from 470 days a year ago. Read more.
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housing market: Banks rush to revamp foreclosure rules - 05/02/11 02:53 PM
A few banks have already implemented changes mandated by U.S. regulators, such as a single point of contact for owners.
Read more.
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housing market: Home loan modification scam warning - 04/12/11 03:43 PM
Fla.'s attorney general filed a $48K complaint against U.S. Mitigators and warned consumers not to pay upfront fees. Read more.
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housing market: Top 6 cities where buying beats renting - 04/01/11 07:56 AM
Fla. has two cities on the list - Orlando and Tampa-St. Petersburg - where it makes more sense to own than rent. Read more.
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housing market: HUD awards $1.9M to Fla. for fair housing - 03/02/11 03:58 PM
WASHINGTON - March 2, 2011 - The U.S. Department of Housing and Urban Development (HUD) awarded over $1.9 million to five Florida fair housing groups. The money will be used to educate the public and local officials about the Fair Housing Act and to investigate fair housing complaints.The Florida grants are part of HUD's nationwide $40.8 million grant for 108 fair housing organizations and non-profit agencies in 36 states and the District of Columbia. This year's money represents a $13.2 million increase over 2010. It includes $10 million to fund activities that address lending discrimination, including mortgage rescue scams.The grants are … (1 comments)
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housing market: Home loans in default drag on - 02/21/11 02:27 PM
Average owner facing foreclosure hasn't paid the mortgage in 17 months, compared to about 8 months a few years ago.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=254953
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housing market: Do we need a new homebuyer tax credit? - 02/04/11 03:02 PM
Should Congress create another home sale stimulus? Take Florida Realtors' survey and voice your opinion. Read more.
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housing market: Case involving alleged foreclosure fraud headed to Florida Supreme Court - 02/03/11 04:09 PM
Appeal court wants foreclosure case involving faulty paperwork considered; a decision would impact similar cases. Read more.
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housing market: UF survey: Florida’s real estate outlook perks up in several areas - 02/02/11 02:50 PM
Fourth quarter survey sees improvement in new single-family homes and condos, offices, retail, land investment and capital. Read more.
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housing market: How banks are enjoying homestead exemption - 01/31/11 01:37 PM
If a Fla. foreclosure completes after Jan. 2, the bank gets an exemption through Dec., which costs taxpayers. Read more.
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housing market: Low-tax states lure new residents - 01/28/11 01:59 PM
A N.Y. family of four with $150K income could save $13,368 in state and local taxes by moving to Fla., says TurboTax. Read more.
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housing market: Pending home sales continue uptrend - 01/27/11 04:22 PM
The number of real estate contracts signed in Dec. rose 2% over Nov.; the South, which includes Fla., rose 11.5%. Read more.
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housing market: New home sales jump 17.5% in Dec. - 01/26/11 01:11 PM
It's the highest level since April when the first-time homebuyer tax credit gave the market a temporary boost. Read more.
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housing market: Speed up foreclosures to stabilize housing? - 01/25/11 03:19 PM
Some experts want foreclosures put on the market quickly, so U.S. can take its lumps in 2011 and then begin to stabilize. Read more.
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