mildredonline: 8 Healthiest Housing Markets - 11/09/11 03:14 AM
JACKSONVILLE, Fla. – Nov. 8, 2011 – The construction industry thinks two Fla. metropolitan areas – Jacksonville and South Florida – are poised for a rebound, according to an analysis by Builder Magazine. To find the cities with the greatest potential for growth, Builder Magazine as Hanley Wood Market Intelligence to consider local factors, such as major universities, military bases, and the strength of businesses in the private sector. The study also considered Economy.com’s housing projections, expected price appreciation, and estimated employment and income growth. Under those criteria, two Florida cities made the top eight nationwide. Jacksonville came in at No. … (1 comments)

mildredonline: Scott Wants Answers From Citizens on Downsizing - 11/02/11 11:14 AM
 
 
An article in Florida Realtor today is reporting news that should be of interest to Pembroke Pines homeowners: Governor Rick Scott wants the state-backed Citizens Property Insurance Corp. to recommend ways to shore up the troubled insurer.Scott, who would prefer the insurer be sold to a private company, wants answers from the Citizens’ board by a Cabinet meeting Dec. 6.“I expect them to come back with ideas of things they can do without the Legislature, things that we have to go to the Legislature with,” Scott said Tuesday. “We shouldn’t be sitting here just hoping every hurricane season that … (0 comments)

mildredonline: Senate Votes to Extend Higher Loan Limits - 10/21/11 11:52 AM
According to Houselogic.com, there's good news for Pembroke Pines homeowners: The Senate has agreed to extend higher limits on federally backed mortgage loans for two more years.
The 60-38 vote late Thursday meant that through 2013, the government would continue to insure mortgages worth as much as $729,750 in high-priced housing markets. Those limits expired on Oct. 1, dropping that ceiling to $625,000.
The House has not acted on the issue.
Supporters of the higher limits say their expiration makes it harder for purchasers to buy homes, weakening the ailing housing market.
The Obama administration has proposed letting the … (1 comments)

mildredonline: Enhanced Short Sale Relocation Assistance Has Come to Florida, and Bank of America Wants to Help YOU! - 10/05/11 11:22 AM
Bank of America is encouraging homeowners to seek a short sale as an option instead of a foreclosure. To help homeowners make this very important decision, BoA is offering “enhanced relocation assistance,” in the hopes that it will encourage homeowners who may be facing insurmountable difficulties to list their home as a short sale – rather than let it go to foreclosure. What does this mean for you as a homeowner? Simply put, you can receive up to $20,000 cash back from Bank of America for a short sale!
To be eligible for the new program:
You must own a property … (0 comments)

mildredonline: Mortgage Interest Rates Plummet - 09/30/11 10:44 AM
It's a certainty that Florida homeowners will be delighted to learn that fixed mortgage rates have fallen to historic new lows for a fourth straight week, and are likely to fall further.According to an article from the Associated Press:
The average on a 30-year fixed mortgage fell to 4.01 percent from 4.09 percent this week, Freddie Mac said Thursday. That’s the lowest rate since the mortgage buyer began keeping records in 1971. The last time long-term rates were lower was in 1951, when most long-term home loans lasted just 20 or 25 years.The average on a 15-year fixed mortgage, a popular … (1 comments)