Bob Forman's Real Estate Blog

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Real Estate Agent - Lannon Stone Realty, LLC - 84880 - 94
I will share my thoughts on SW Florida plus information on property that I hope my readers will find useful. All feedback and comments are more than welcome. Thanks, Bob
SAN FRANCISCO – Dec 11, 2013 – Trulia, Inc. today published its look back at the U.S. housing market’s uneven recovery in 2013. It finds a housing market moving back to its pre-bubble “normal” level from the worst of the recession. Throughout 2013, the housing recovery has progressed on most fron...
WASHINGTON – Dec. 10, 2013 – James Bullard, president of the Federal Reserve Bank of St. Louis, opened up the possibility of a small reduction in the Fed’s bond-buying program, another sign the central bank may soon shrink its 15-month-old monetary stimulus. Speaking at the CFA Society of St. Lou...
IRVINE, Calif. – Dec. 9, 2013 – CoreLogic released its October National Foreclosure Report. It finds 48,000 completed foreclosures in the U.S. in October 2013 – a sale where the bank actually took the home – down from 68,000 in October 2012 for a year-over-year decrease of 30 percent. On a month-...
FORT LAUDERDALE, Fla. – Dec. 6, 2013 – Question: We have an unruly owner who attends every association meeting. The owner heckles, laughs inappropriately and answers questions that are posed to board members. We are told by the board president that as an owner, she has a right to be there and we ...
WASHINGTON – Dec. 6, 2013 – The U.S. economy grew at a 3.6 percent annual rate in the third quarter, faster than first reported and its strongest performance in 1 1/2 years. Behind the improvement: Businesses boosted inventories even more than the government had estimated last month. The Commerce...
WASHINGTON – Dec. 5, 2013 – Markets in 54 out of approximately 350 metro areas nationwide returned to, or exceeded, their last normal levels of economic and housing activity, according to the National Association of Home Builders (NAHB)/First American Leading Markets Index (LMI), released today. ...
WASHINGTON (AP) – Dec. 4, 2013 – Americans ramped up purchases of new homes in October after three months of soft sales, evidence that the housing recovery is improving fitfully. Sales of new homes grew 25.4 percent to a seasonally adjusted annual rate of 444,000, the Commerce Department said Wed...
NEW YORK – Dec. 3, 2013 – Wells Fargo, J.P. Morgan Chase, Bank of America and Citigroup will probably issue some mortgage loans that don’t meet the definition of a qualified mortgage (QM). The new gold-standard lending definition – part of sweeping mortgage regulations set to take effect next mon...
NEW YORK – Dec. 2, 2013 – As home prices rise, lenders are showing less willingness to grant short sales, RealtyTrac reports. The number of short sales has been gradually dropping the last few months. Short sales represented 5.3 percent of all sales in October, down from 6.3 percent the previous ...
WASHINGTON – Nov. 27, 2013 – More homebuyers today plan to plant deep roots in their communities rather than move to a bigger or better home in a few years, according to research from the National Association of Realtors®.Last year, 27 percent of homebuyers between the ages of 25 and 44 and 18 pe...

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