fha: First quarter new home sales skyrocket for many national home builders
- 02/13/15 01:49 AM
Early 2015 quarterly reports reflect heavy increase in real estate activity, especially new homes. D.R. Horton is a nationally recognized home builder and has developments throughout the United States. They have been the largest home builder in the U.S. 13 years in a row. On Wednesday, D.R. Horton reported a dramatic increase in new home sales highlighted by “sales orders increased 40% in value to $2.1 billion” from the first quarter of 2014 to the first quarter of 2015.
These numbers are significant considering that first quarter home sales are usually lack luster. What does this tell us? With … (0 comments)
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fha: January Home Sale Data is forecasting a strong 2015!
- 02/02/15 12:20 AM
Back in 2008/2009 after the Real Estate market crashed, economic and Real Estate experts were repeatedly forecasting a 6-7 year recovery period. They all highlighted 2015 as the year we would see resurrection in the housing market. Well that prediction seems to be coming to fruition now! We are seeing many positive reports and trends from late 2014 to early 2015.
We are starting to see the rebound all around Florida, but extra activity in Tampa Bay. The excitement/enthusiasm is building here and our team here at SI Real Estate is noticing.
Normally home sales in January are expected … (0 comments)
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fha: SI Real Estate News | FHA Launches Refi Opportunity to Underwater Homeowners
- 08/11/10 05:57 AM
Real estate mortgage holders in the Tampa Bay area, and across the country, can now seek relief on their mortgage with a new Federal Housing Administration (FHA) refinancing program. According to a press release FHA Launches short Refi Opportunity for Underwater Homeowners dated August 6, 2010, "Starting Sept. 7, 2010, the Federal Housing Administration (FHA) will offer certain ‘underwater' non-FHA borrowers a new FHA-insured mortgage. To qualify, an owner must be current on his existing mortgage, and his lender must agree to write off at least 10 percent of the unpaid principal on the first mortgage."
This is a drastic effort … (0 comments)
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fha: Urban Bungalow for Sale - $139,000!!!
- 04/30/10 04:07 AM
Featured Property of the Week - 3504 N. 12th Street, Tampa, Florida
This lovely bungalow style home was originally built in 1928 and the gorgeous architecture gives the home loads of character, and also serves as a proud reminder of the amazing history of the Ybor City District. This eye-catching home sits in the heart of historic Ybor Heights with a fantastic location that is close to Ybor, downtown, I-275, I-4, Tampa's finest restaurants and nightlife! This area is undergoing an incredible revitalization and the chance to live here is NOW! New homeowners will love the imaginative architectural … (0 comments)
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fha: FHA to Tighten Lending Requirements
- 03/19/10 03:05 AM
Real Estate buyers in the Tampa Bay area have been in the driver's seat for nearly a year with the First-Time Home Buyers Tax Credit, slumping real estate prices and incredibly low mortgage interest rates. If all of those factors were not reason enough to make that long dreamed about real estate purchase, the Federal Housing Administration's (FHA's) announcement of impending tightening of lending requirements should get buyers to take action in short order. According to the Realty Times article, Tighter Requirements for FHA Loans Loom, "After notice and comment periods, but beginning this spring, the FHA will raise mortgage insurance fees … (0 comments)
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fha: FHA Has Lifted the 90-Day Seasoning Requirement!
- 01/22/10 02:01 AM
The Tampa housing market has been hit hard with a glut of foreclosed properties that have forced home prices to spiral downward, along with most areas in Florida and the rest of the nation. HUD Secretary Shaun Donovan has announced a temporary policy to ease FHA 90-day seasoning guidelines to facilitate the sale of foreclosed properties, which should bring price stabilization to the real estate market in Tampa, Florida and other areas across the country.
FHA has prohibited insuring mortgages on a home owned by a seller for less than 90 days. This has slowed the sale of many foreclosed … (0 comments)
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fha: Featured Property of the Week – 2709 E. Linebaugh Ave.
- 09/09/09 07:16 AM
This beautiful and centrally located 3BR/2BA single family house has been fully renovated, with an extreme make-over inside and out. Attention has been paid to every detail in this large and spacious home. From the kitchen, to the flooring, to the bathrooms, to the roof, everything is fresh and new.
New homeowners will enjoy upgraded kitchen cabinetry, countertops, tile backsplash and flooring, as well as the wide range of new appliances including refrigerator, microwave, range, dishwasher, disposal, washer and dryer. Both bathrooms have been have also been fully upgraded; now featuring new sinks, vanities, bathtubs, faucets, and toilets. New carpeting and … (0 comments)
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fha: The Home Buyer’s Check-List: What to Consider When Purchasing Your Home
- 08/28/09 07:35 AM
Many benefits come with the purchase of a home, such as having a place of your own, having stable housing costs, having a sound investment, having a financial stepping stone and even having access to tax benefits. There are important criteria that should be considered when buying a home, regardless of if you are a first-time home buyer, second home buyers or real estate investor. Knowing the home buying process will help make your experience a smooth and pleasurable one.
Set the stage for an easier home buying process.
Find professionals you can trust. Ask questions and express your concerns up … (0 comments)
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fha: Featured Property of the Week - Upgraded West Tampa Home
- 08/19/09 07:04 AM
This week's featured property is a centrally located and newly updated, charming West Tampa home. The two bedroom house for sale located at 2710 W. LaSalle features new interior and exterior paint, upgraded cabinets and all new kitchen appliances including range and hood, refrigerator, and dishwasher, as well as a washer and dryer, new window treatments, baseboards, molding and new tile flooring. The bathroom has also been updated to include new grout, fixtures and flooring. The remodeling of this home was well thought out, aimed at preserving its pleasant qualities while adding modern luxuries.We absolutely fell in love with this West … (0 comments)
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fha: Featured Property of the Week - Discovery the Award Winning Dunedin Lifestyle
- 08/14/09 07:28 AM
Beautiful and pristine, this three bedroom, three bathroom is located in the heart of Dunedin, just two blocks from downtown and all of its offerings. This newly constructed home is FHA approved, has never been lived in and includes all of the finest amenities and comforts. The home features a spacious floor plan, with 20ft living room ceilings, open kitchen, enormous master bedroom and ample storage space.
The master bedroom suite features a large walk-in closet, walk-in shower, double sinks and a garden tub, perfect for unwinding after a long day. Both the second and third bedrooms also feature their own … (0 comments)
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fha: 8 FACTS ABOUT THE $8,000 FIRST-TIME HOME BUYER TAX CREDIT
- 07/29/09 07:27 AM
The American Recovery and Reinvestment Act of 2009 authorized a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Any home that will be used as your principal residence qualifies for the tax credit. The law defines a "first-time home buyer" as a buyer who has not owned a principal residence during the three-year period prior to the purchase. First-time home buyers purchasing any type of home, new or resale, are eligible to receive the tax credit as long as the closing date and … (0 comments)
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fha: Just the Facts – Tampa Bay Real Estate Market Statistics
- 05/20/09 07:04 AM
Cash buyers are grabbing deals at rock bottom prices in the Tampa Bay real estate market. According to the market statistics provided by the Greater Tampa Association of REALTORS® (GTAR), in April of this year 38% of all financing was cash. This is more than a 10% increase from April of 2008.
Cash financing increased from 285 transactions in April of last year to 508 this year. FHA and VA financing has also seen an increased from last year, although not as drastic. Conventional financing has decreased from 555 transactions to 394, signifying that a majority of real estate transactions being … (0 comments)
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