Florida Real Estate Sales Are Looking Up - 07/21/11 01:30 PM
Florida Real Estate Market Insight
July 20, 2011 – Florida’s existing condo sales rose 8 percent in June with a total of 7,941 units sold statewide compared to 7,330 sold in June 2010, according to the latest housing data released by Florida Realtors®. The statewide existing condo median sales price last month was $93,900; a year earlier, it was $92,300 for a 2 percent increase. Existing home sales for June was a total of 17,597 homes sold. The statewide median sales price for existing homes last month was $138,000.(Metro area slightly higher) June’s statewide existing home median price was about 1.8 percent higher … (2 comments)

Mortgage Rates May Be On The Rise - 07/19/11 02:54 AM
 
 
          
Mortgage rates may be on the rise in Florida, whether it's short-term or long-term, home owners should be aware of this news. Here is the latest news about the increases
(all increases occur within a weeks time):
30 year fixed-rates: increased from 4.51 to 4.60 percent
15 year fixed-rate:  increased from 3.69 to 3.75 percent 5 year adjustable-rate: increased from 3.22 to 3.30
1 year ARM: increased from 2.97 to 3.01 percent
… (2 comments)

Fastest Way To Sell A Home? - 07/19/11 01:48 AM
Fastest way to sell a home?  Underprice by 10%Home sellers my not want to hear this, but housing experts in an article at CNNMoney say that under pricing a home by 10 percent may help it sell faster. While sellers may miss thousands from the sale, they likely will avoid months of carrying costs from the home lingering on the market to offset that loss.In today's real estate market, this tactic is the culprit for the mini bidding wars that are going on every day. With the true winner, being the sellers with their home sold in just a few days and … (8 comments)

Are Deeds And Titles The Same Thing? - 07/07/11 12:38 AM

No,, they are not the same and often confused.
The Deed is the actual legal and physical evidence (document stating "this Deed") and is valid and enforceable.
Title is the legal term commonly used to explain the intricacy of property ownership. Title shows who has right or claims to the property and right of possession. 
So, to make it simple the Deed says who owns the property and the Title shows if any liens, city violations, right of possession, easements and encroachments, mortgages,  etc; exist against the property
Deed and Title go hand and hand. The only way to convey … (3 comments)

Shadow Housing Inventory Shrinks - 07/07/11 12:30 AM
CoreLogic reports that the U.S. shadow inventory of homes has fallen 18 percent from its peak.
As of April, about 1.7 million homes were in the foreclosure process and headed toward the market.
At the current sales pace, those properties represent a five-month supply.
Source: 
Boston Globe (06/23/11)
… (4 comments)

Free foreclosure Prevention Workshops Planned in Florida - 07/06/11 02:33 AM
Realtors asked to volunteer and to urge homeowners to attend July 11 event in Hollywood; July 13 event in Jacksonville.
Two free foreclosure prevention workshops to help homeowners in financial distress are scheduled in the next two weeks in Florida: in Hollywood on July 11, 11 a.m. to 7:30 p.m., at the Westin Diplomat Resort & Spa.
The workshops are sponsored by the U.S. Department of the Treasury and the Department of Housing and Urban Development (HUD), as part of the Obama Administration's Making Home Affordable Program, along with the HOPE NOW Alliance and NeighborWorks America®.
For questions, information on what … (1 comments)

Pending home sales have trended up - 07/06/11 02:12 AM
Pending home sales have trended up unevenly since bottoming last June, rising in seven of the past 11 months. Said NAR Chief Economist Lawrence Yun 
 
The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 8.2 percent to 88.8 in May from an upwardly revised 82.1 in April and is 13.4 percent higher than the 78.3 reading in May 2010. The data reflects contracts but not closings, which normally occur with a lag time of one or two months.
 
This is the first time since April 2010 that contract activity was above year-ago levels, and the … (0 comments)