Nearly half of the 1.3 million homeowners leave Obama mortgage-aid program - 08/26/10 01:25 PM
“The government program as currently structured is petering out. It is taking in fewer homeowners, more are dropping out and fewer people are ending up in permanent modifications,” said Mark Zandi, chief economist at Moody’s Analytics. The program is intended to help those who are at risk of foreclosure by lowering their monthly mortgage payments. Friday’s report from the Treasury Department suggests the $75 billion government effort is failing to slow the tide of foreclosures in the US, economists say.More than 2.3 million homes have been repossessed by lenders since the recession began in in late 2007, according to foreclosure listing … (1 comments)

Daytona Beach, FL - Sales for 2nd Quarter 2010 Show Significant Increase over 2009 - 08/15/10 06:19 PM
The Daytona Beach MSA showed a 35% rise in single family sales for the 1st quarter this year, compared to 2009.  2,607 homes sold, vs 1,924 last year.  Median price was $122,500 vs $132,500 last year.
For condos, 536 units sold, vs 373 last year.  Median price was $126,700 compared to $176,500 in 2009.
Statewide, as reported by the Florida Assn of Realtors, sales of existing single-family homes in rose 21% in second quarter 2010 compared to the same period a year earlier.  A total of 51,564 existing homes sold statewide in 2Q 2010; during the same period in 2009, a … (1 comments)

Daytona Beach, FL - Buyers, Don't Make These Mistakes - 08/06/10 09:33 PM
These seem like common sense ideas, but the stress of shopping for a new home and finding something you know deep down is probably beyond what you can afford, can make the decision process very stressful.  I can't emphasize enough that using a Realtor to help you through the process of buying a home in Daytona Beach will save you money and time.  The buyer in Florida does not pay for the Realtor - so why should you not use a professional to represent your interests?  If you commit to having a Buyer's Realtor on your side from the beginning, all of the decisions … (0 comments)