selling: Distressed homes lure cash investors - 05/21/13 05:26 PM
House hunters looking to buy a foreclosure in South Fla. often lose out to cash investors, leaving many to wish banks would release more distressed properties. Read more.
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selling: Citizens offers cheaper rate option with no fanfare - 05/20/13 02:53 PM
The limited coverage option, HO-8, could save some up to 70% - but only 47 people have signed up due to eligibility restrictions and other potential obstacles. Read more.
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selling: Rate on 30-year mortgage rises to 3.51% - 05/17/13 07:32 PM
The 30-year FRM rose from last week's average of 3.24%, and the 15-year mortgage, which hit a record low last week, rose from 2.61% to 2.69%. Read more.
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selling: NAR: Short sale approval, valuation issues continue to impact housing - 05/15/13 12:17 PM
WASHINGTON – May 15, 2013 – Both Fannie Mae and Freddie Mac have implemented policies to expedite the short sales process, including new resources to help determine property values, according to panelists at a property valuation forum during the National Association of Realtors® (NAR) Midyear Legislative Meetings & Trade Expo. According to NAR, short sales accounted for 9 percent of transactions during the first quarter of 2013. The short sale process can be frustrating for homebuyers, sellers and Realtors given that approvals are often complex, inconsistent, slow and cumbersome. Tim McCallum, director of short sales at Fannie Mae, said the agency … (0 comments)

selling: Low credit scores hold back many borrowers - 05/14/13 11:23 AM
NEW YORK – May 14, 2013 – Hopeful borrowers with credit scores below 620 increasingly are denied a mortgage as they struggle to meet lenders’ more stringent underwriting standards, according to Elizabeth Duke, a member of the Board of Governors for the Federal Reserve System, at a recent Housing Policy Executive Council. Read Story
 
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selling: Forecast improves for late ‘13 economy - 05/14/13 11:14 AM
Poll of economists finds optimism. They say federal cutbacks will slow growth, but it won't stall the recovery. By 4Q, expect strong private sector expansion. Read more.
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selling: Many buyers confused about mortgage process - 05/10/13 11:56 AM
SEATTLE – May 10, 2013 – Most homeowners, especially first-timers, borrow a large amount of money to buy a home. But how much do they know about the process? A survey conducted by Ipsos Ipsos for Zillow attempted to find out. According to the Zillow Mortgage Marketplace survey of first-time homebuyers, they answered one-third (32.5 percent) of the questions about basic mortgage information incorrectly. For example, one-third (34 percent) of first-time homebuyers don’t realize it’s possible to get a home loan with a downpayment less than 5 percent. Many first-time buyers also don’t understand how to secure the best possible interest … (0 comments)

selling: Fla.’s housing market shows momentum in 1Q 2013 - 05/10/13 06:41 AM
ORLANDO, Fla. – May 9, 2013 – Florida’s housing market gained strength in first quarter 2013 with increased closed sales, more pending sales, higher median prices and a reduced supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida Realtors®.“The first three months of 2013 demonstrate that Florida’s housing market is gaining momentum and continuing to bolster the state’s economy,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “More people went back to work as more jobs were created in Florida during … (1 comments)

selling: Turning point: Over 50% expect home price increases - 05/08/13 12:39 PM
WASHINGTON – May 8, 2013 – More than half of Americans now expect the country’s home prices to climb within the next year – a growing optimism toward the health of the housing industry. The share of respondents to Fannie Mae’s April 2013 National Housing Survey who expect home prices to go up rose another 3 percentage points in April to 51 percent. By comparison, only 32 percent had that optimistic outlook one year earlier.“Crossing the 50 percent threshold marks a significant milestone as most Americans believe a housing recovery is truly occurring throughout the country,” says Doug Duncan, senior vice … (0 comments)

selling: Tight new home supply sparking price hikes - 05/07/13 12:04 PM
Clients prefer a new home? Expect price increases. A higher cost for labor and materials led Pulte to raise home sale prices 10% in the first quarter alone. Read more.
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selling: Home prices near new highs in some markets - 05/06/13 12:26 PM
Forget the housing bubble: Home prices have hit all-time highs in 10% of U.S. cities, though most are outside Fla. where prices rose only modestly during boom. Read more.
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selling: U.S. rate on 15-year mortgage at record 2.56% - 05/03/13 12:15 PM
The 30-year FRM didn't break a record at 3.35%, but it came close - and most experts predict little change or another decline over the short term. Read more.
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selling: Job growth helps fuel home prices - 05/02/13 01:05 PM
Some analysts say investors and tight housing supplies caused a run-up in prices, but jobs helped too. The top price-rise cities also saw strong job growth. Read more.
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selling: Feb. home prices up 9.3% – most in almost 7 years - 04/30/13 01:49 PM
Standard & Poor's/Case-Shiller: A growing number of buyers continue to bid on a limited number of homes, as supply fails to equal demand in 20 core cities. Read more.
 
 
 
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selling: Pending sales rise modestly as inventory tightens - 04/29/13 12:49 PM
WASHINGTON – April 29, 2013 – Pending home sales increased in March and remain above year-ago levels, but contract activity in recent months shows only modest movement, according to the National Association of Realtors® (NAR).NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 1.5 percent to 105.7 in March from a downwardly revised 104.1 in February, and is 7 percent above March 2012 when it was 98.8.Pending sales have been above year-ago levels for the past 23 months; the data reflect contracts but not closings.“Contract activity has been in a narrow range in recent months, not from … (0 comments)

selling: Home equity loans: They’re back - 04/26/13 11:36 AM
In 2008, the housing market slowed and home-equity loans dried up as home values fell. But market improvements have convinced some lenders to offer them again. Read more.
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selling: Where U.S. economy has, and hasn’t, yet recovered - 04/25/13 11:52 AM
Foreclosures fell, home sales rose, prices went up and consumers are spending again. But some things, while improved, aren't yet back to pre-recession levels. Read more.
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selling: Later marriage trends don’t postpone homeownership - 04/24/13 10:51 AM
NEW YORK – April 24, 2013 – A study conducted by Harris Interactive for Coldwell Banker Real Estate looked a changing marriage trends in America and how they impact the purchase of a first home.According to the study, the timing of a first-home purchase hasn’t changed a lot over the years, but an upswing in later marriages means more couples are buying a home before they walk down the aisle – if they ever do – or making a purchase earlier in the marriage.About one in four married couples between the ages of 18 to 34 purchased their first home together … (1 comments)

selling: New-homes sales rise 1.5% in March to 417K - 04/23/13 12:16 PM
Year-to-year increase: 18.5%. Jump suggests sustained recovery, though still below the 700K (adjusted to annual sales numbers) economists consider healthy. Read more.
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selling: Florida’s housing market on upswing in March - 04/22/13 12:24 PM
ORLANDO, Fla. – April 22, 2013 – In March, Florida’s housing market reported increased closed sales, more pending sales, higher median prices and a reduced inventory of homes for sale, according to the latest housing data released by Florida Realtors®.“Florida’s housing market continues to demonstrate its recovery – March marks the 15th consecutive month that the statewide median sales prices for both single-family homes and for townhouse-condo properties rose year-over-year, according to Florida Realtors’ data,” said 2013 Florida Realtors President Dean Asher, broker-owner with Don Asher & Associates Inc. in Orlando. “The median price is up more than 15 percent for … (0 comments)

 
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Nick and Cindy Davis CDPE,SFR, ALHS,CIAS,Realtor(R)

Team Davis

Tampa, FL

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RE/MAX Premier Group

Address: 27219 SR 56, Wesley Chapel, FL, 33544

Office Phone: (813) 300-7116

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