Exit Realty's Blog - Archives July, 2008

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Florida’s existing housing market shows improving conditions in June 2008 - 07/30/08 02:05 PM

Many Florida Realtors® statewide noted positive movement in their local housing markets in June, with an upswing in the statewide median price reported for both existing home sales and condominium sales over May 2008, according to the latest housing statistics released by the Florida Association of Realtors® (FAR). The statewide existing-home … (0 comments)

Stamp of Approval - 07/30/08 02:03 PM

Numerous Web sites display property listings, but it's unclear how often the listings are updated. "If you're looking at a database that is 12 hours old, 24 hours old or even longer, you might miss out on opportunities," says Realtor.com President Errol Samuelson. Of the 909 Multiple Listing Services that provide … (0 comments)

Housing Rescue - 07/30/08 01:59 PM

Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.The measure, regarded as the most significant housing legislation in decades, lets homeowners … (0 comments)

DRIVE GENTLY - 07/24/08 10:31 AM

Real estate agents tend to drive at least 20,000 miles per year, and high gas prices hit them hard in the wallet. However, Edmunds.com reports that drivers can use 31 percent to 37 percent less gas by gently accelerating, and they can lower gas consumption by 12 percent to 14 percent … (2 comments)

Real estate market expected to improve with new president - 07/24/08 10:28 AM

A recent survey conducted by Harris Interactive on behalf of Move Inc. shows that 44 percent of homebuyers expect improvements in the housing market when the new president is installed next year.However, 81 percent of buyers are "nervous" about the housing market at the present time.Even so, 47 percent of renters … (1 comments)

Foreclosure defense buys homeowners time - 07/24/08 10:26 AM

As foreclosures continue to mount, borrowers who have run out of options are turning to attorneys to fight back -- and they're living mortgage-free for months in the process.Although the chances of ultimately keeping a foreclosed home are slim, for $1,500 to $3,000 some lawyers are offering to defend borrowers in … (2 comments)

Foreclosures on the Rise - 07/09/08 10:38 AM

Home foreclosures will keep rising next year no matter who is elected president in November.Even the optimism that surrounds a new president taking office cannot resurrect home values overnight, and presidents have no direct ability to reduce rising mortgage rates. Nevertheless, Democrat Barack Obama and Republican John McCain both promise help … (1 comments)

Mortage Rescue Plan - 07/09/08 10:35 AM

A mortgage rescue plan to save hundreds of thousands of homeowners from foreclosure drew overwhelming Senate support, inching toward passage despite Republican objections. The Senate voted 76-10 Monday to advance the bill, a broad array of housing measures including overhauls of the Federal Housing Administration, the Depression-era mortgage insurer, and government-sponsored … (2 comments)

Rental Markets - 07/09/08 10:32 AM

The spread of "For Rent" signs is the latest bad news as Florida's real estate market declines in all forms of rentals, a new University of Florida study finds. The results from the most recent quarterly survey of Florida real estate trends shows fewer takers for all kinds of properties for … (0 comments)

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