Real estate blog entries tagged with parkland real estate by Jon Klein, Search Parkland Homes for Sale - Parkland FL (Real Living 1st Choice Realty)

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parkland real estate: Single-Family Housing Starts Rise For 4th Straight Month - 07/19/12 03:28 AM

New construction housing is in a post-recession rally. As reported by the Census Bureau, on a seasonally-adjusted, annualized basis, last month's Single-Family Housing Starts rose 5 percent to 539,000 units nationwide. This is the highest reading since April 2010, the last month of that year's federal home buyer tax credit. A "housing start" is a new home on which construction has started. June's strong numbers also mark the fourth consecutive month during which Single-Family Housing Starts have climbed. This, too, has not occurred since April 2010. The data is yet one more signal to Parkland & Coral Springs home buyers that … (0 comments)

parkland real estate: Foreclosure Starts Rise For Second Straight Month - 07/17/12 06:54 AM

The number of U.S. homes receiving foreclosure notices topped one million through the first six months of 2012, according to RealtyTrac. There were 1.046 million foreclosure filings between January - June 2012, says the foreclosure-tracking firm in its Midyear 2012 Foreclosure Market Report. The tally represents a 2 percent increase from the immediate six months prior. A "foreclosure filing" includes all of the following foreclosure-related actions : (1) Default notices, (2) Scheduled auctions, and (3) Bank repossessions. One notable fact from within the report is that, even as the number of repossessed homes dropped nationwide, the number of homeowners receiving a … (1 comments)

parkland real estate: How To Revive A "Brown Lawn" - 07/15/12 11:55 PM

During summer months, a lush, green lawn can transform into a brown one within weeks. And heat, while oftentimes a catalyst, is not always the culprit. As a homeowner, you can take precautions to minimize the likelihood of a brown lawn. First, let's look at the reasons why a lawn may go brown, starting with drought stress. Drought stress is a condition caused by excessive heat and/or lack of water. Drought stress can lead to dormancy, a normal condition for grasses of all types. A good test for draught stress is to step on one of the grass' brown patches. If … (4 comments)

parkland real estate: Revisiting Housing Market Predictions For 2012 - 07/13/12 08:25 AM

When the calendar flips to a new year, analysts and economists like to make predictions for the year ahead. So, today, with the year half-complete, it's an opportune time to check back to see how the experts' predictions are faring (so far). If you'll remember, when 2011 closed, the housing market was showing its first signs of a reboot. Home sales were strong, home supplies were nearing bull market levels, and buyer activity was strong. Homebuilder confidence was at its highest point in 2 years and single-family housing starts had made its biggest one-month gain since 2009. In addition, 30-year fixed … (1 comments)

parkland real estate: Fed Minutes Suggest Fiscal Stimulus Later This Year - 07/12/12 01:26 AM

The Federal Reserve released the minutes from its June Federal Open Market Committee meeting, revealing a Fed divided on the future of the U.S. economy. Mortgage rates are higher after the release of the minutes. The Fed Minutes is the detailed recap of an FOMC meeting. It is the companion piece to the more brief, more well-known post-meeting FOMC press release. For a comparison, whereas the Fed's June 20, 2012 press release contained 5 paragraphs and 490 words, the same meeting's minutes contain 62 paragraphs and 7,508 words. The extra detail afforded by the extra words Wall Street gives insight into … (1 comments)

parkland real estate: 84 U.S. Markets Improving In July - 07/11/12 12:59 AM

Where economic growth goes, housing growth often follows. That's why it's good news for homeowners that 84 U.S. metropolitan areas are showing "measurable and sustained growth" this month, according to the National Association of Homebuilders' Improving Market Index. The Improving Market Index is a derivative report, based on the results of three separate data series which examine a city's local economy. The data series used in the IMI are : Employment data from the Bureau of Labor Statistics Home price data from Freddie Mac One-unit building permits from the Census Bureau The NAHB compiles this data monthly, assigning a given metropolitan … (1 comments)

parkland real estate: Home Purchasing Power Jumps To New Highs - 07/10/12 02:29 AM

With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high. According to last week's Freddie Mac mortgage rate survey, the average 30-year fixed rate mortgage has dropped to 3.62% nationwide. This is down from 4.08% in March, and down from 4.60% from one year ago. Mortgage rates are "on sale". Falling mortgage rates can make one of two changes to the way a Parkland home buyer looks at properties. They can either make a given home's monthly housing payment that much more affordable to a buyer, or … (4 comments)

parkland real estate: Top 10 U.S. Cities For Public Parks - 07/08/12 11:09 PM

For the first time in more than 100 years, the growth in America's cities is outpacing the growth in its suburbs. According to the 2011 estimates of the U.S. Census Bureau, between July 2010 and July 2011, city centers grew faster than their surrounding suburbs in 53% of the nation's largest housing markets. Compare this to just 9.8% during the 10 years prior. Cities now compete with suburbs on a number of fronts including job availability, housing costs, and access … (1 comments)

parkland real estate: Parkland Reserve 2 Year Old Home - 1 Year Old Pool On Large Lot - 07/06/12 04:02 AM

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parkland real estate: 30-Year Fixed Rate Mortgage Rates Fall To 3.62% Nationwide - 07/06/12 03:05 AM

30-year fixed rate mortgage rates made new, all-time lows once again this week. According to Freddie Mac's weekly mortgage rate survey of more than 125 banks nationwide, the average 30-year fixed rate mortgage rate fell 4 basis point to 3.62% nationwide. The rate is available to conforming, prime borrowers willing to pay an accompanying 0.8 discount points plus a full set of closing costs. A "prime" mortgage applicant typically has excellent credit, verifiable income, and at least 25% equity in … (0 comments)

parkland real estate: Mortgage Rate Risk Ahead Of Friday Morning's Jobs Report - 07/04/12 11:38 PM

Friday morning, the Bureau of Labor Statistics will release its Non-Farm Payrolls report. More commonly called "the jobs report", Non-Farm Payrolls is a monthly market-mover. Depending on the strength -- or weakness -- of the data, mortgage rates will change. Perhaps sharply. Unfortunately, we can't know in which direction. If you're actively shopping for a mortgage in Parkland , therefore, today may be a prudent day to lock a mortgage. The job report's connection to mortgage rates is straight-forward. As … (0 comments)

parkland real estate: Pending Home Sales Index Hits A 2-Year High - 07/03/12 01:27 AM

Homes are going under contract at a quickening pace. In May, for the second time in 3 months, the Pending Home Sales Index crossed the 100 barrier, stretching to 101.1. A "pending home sale" is a home under contract to sell, but not yet sold. Statistically, the Pending Home Sales Index reading is significant for two reasons. First, the index's reading is at its highest since April 2010. From this, we infer that today's pace of home buying in Florida … (1 comments)

parkland real estate: Tips To Keep Your Home Cooler Without Turning Down The Thermostat - 07/01/12 11:33 PM

The typical U.S. household "loses" up to 30% of its annual heating and cooling bill to energy inefficiencies, according to ENERGY STAR®. The good news is that there are dozens of ways to help your home perform better. As the calendar turns to July, and as temperatures warm up in FL and nationwide, implement even one of the following cost-saving moves and you can expect your home's energy bill to drop. Implement two or more, and you can expect your … (1 comments)

parkland real estate: FHFA : Home Values Up 3% Since Last Year - 06/29/12 03:08 AM

The Federal Home Finance Agency's Home Price Index shows home values up 0.8% in April on a monthly, seasonally-adjusted basis. April marks the third consecutive month during which home values increased and the index is now up 3 percent from last year at this time. As a home buyer in Parkland or Coral Springs , it's easy to look at the Home Price Index and believe that its recent, sustained climb is proof of a broader housing market recovery. Ultimately, … (1 comments)

parkland real estate: Simple Real Estate Definitions : Right To Cancel - 06/28/12 12:55 AM

As part of the federal Truth-in-Lending Act, refinancing homeowners are granted a 3-day "cooling off" period post-closing during which they retain the right to rescind, or "cancel", their recent refinance without penalty or cost. The Right To Cancel is protection against surprises at closing and/or a change of heart. It's also a safety valve for homeowners signing paperwork under duress. With 3 days to revisit and rethink the terms of a loan, a homeowner can maintain tighter control of his/her financial situation. If you ever have the wish (or need) to execute your right to rescind, be aware that the process … (1 comments)

parkland real estate: New Home Sales Rise To 2-Year High - 06/27/12 04:18 AM

The new construction market continues to improve. As reported by the Census Bureau, 369,000 new homes were sold last month on a seasonally-adjusted, annualized basis. A "new home" is a home that is considered new construction. May's data marks the highest number of new homes sold since April 2010, the last month of that year's federal home buyer tax credit. It's also a 14% increase over the rolling 12-month average. The news was somewhat expected based on the most recent Homebuilder Confidence survey, which rose to a 5-year high. Home builders have been reporting higher sales volume and rising buyer foot … (1 comments)

parkland real estate: Existing Home Sales Slip 2% In May - 06/26/12 12:38 AM

Home resales slipped last month; a slight setback for the nation's housing market's recovery. According to the National Association of REALTORS®, Existing Home Sales fell to 4.55 million units in May 2012 on a seasonally-adjusted annualized basis, representing a 2 percent drop from April. An "existing home" is a home that's been previously owned or occupied, and cannot be categorized as new construction. Despite May's retreat, however, as compared to last year at this time, Existing Home Sales by units are higher by 10 percent. In other words, like everything else in housing, the long-term statistical trend has been a positive … (1 comments)

parkland real estate: How To Choose The Proper Paint Color(s) For A Room - 06/24/12 11:38 PM

Whether you're moving into a new home and want to make it "yours", or just want to change the feel of your current place, a painting project is an easy way forward. Painting is relatively inexpensive yet it can transform a home's look-and-feel. But how do you make sure you're choosing the best colors and the proper type of paint? This 8-minute video from Lowe's tells it all. In it, you'll learn how professional designers identify a potential paint palette for a room, then how they choose between shade, finish and type. Among the tips and advice in the video : … (2 comments)

parkland real estate: Immaculate Parkland Isles Home 4/3 w/Screened Patio & Private Yard - 06/22/12 05:17 AM

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parkland real estate: Gorgeous 3 Bedroom 2 Bath Heron Bay Pool Home. Parkland, Florida - 06/22/12 05:13 AM

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