Bob Forman's Real Estate Blog

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Real Estate Agent - MVP Realty - SL3217142
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
Real estate Q&A: How to do away with private mortgage insurance   FORT LAUDERDALE, Fla. – Jan. 13, 2014 – Question: We bought our home in 2005 with a no-downpayment loan that required private mortgage insurance. Since then, we have worked hard to make additional principal payments and have reduce...
The economy has been set free (for now)   WASHINGTON – Jan. 13, 2014 – According to Fannie Mae’s Economic & Strategic Research Group, less economic uncertainty about U.S. fiscal and monetary issues lays the foundation for improved private sector activity and accelerated economic growth in 2014. W...
Fla. will gain about 175,000 new jobs in 2014   NEW YORK – Jan. 8, 2014 – Pew Charitable Trusts – an independent, non-partisan research and public policy organization, projected expected employment growth for each U.S. state, and overall, Florida ranked fifth in expected job growth in 2014. Since...
Housing market to see boost from boomerang buyers? JUPITER, Fla. – Jan. 7, 2014 – Some housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of the “boomerang buyer.”Revisions made over...
Buyers get extended offer period on REOs   WASHINGTON – Jan. 6, 2014 – Mortgage giants Fannie Mae and Freddie Mac announced an extension of their “first look” programs, granting buyers seeking a primary residence a full 20 days to submit offers on REO properties ahead of investor competition. Pre...
Follow these 7 strategies to get the most financial gain on your kitchen remodel. And if done right, a kitchen remodel can recoup much of its cost. Kitchen remodels in the $50,000 to $60,000 range recoup about 69% of the initial project cost when the home is sold. A minor kitchen remodel of about...
If clutter trumps cars in your garage, get organized (and make room for your vehicles) with these smart garage storage solutions, each costing less than $50. Organize Your Garage for Under $50. View Photo Gallery 1 of 5 Round up WheelsBicycles, skateboards, scooters, and rollerblades — wheeled be...
RealtyTrac: All-cash sales hit new high in Nov.   IRVINE, Calif. – Dec. 20, 2013 – RealtyTrac released its November 2013 U.S. Residential & Foreclosure Sales Report today. Overall, RealtyTrac says nationwide sales of all home types – single family, condos and townhomes – rose 1 percent month-to-m...
Naples, Fla. (December 20, 2013) - Not since March 2009 has the overall median home price been above $225,000. According to a report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island), the overall median hom...
U.S. economy expands at 4.1% rate     Gov. Scott announced this morning that the state shaved 0.3% off its unemployment rate, dropping it to 6.4% compared to the nation’s 7% rate. It’s Fla.’s lowest unemployment rate in five years and a key indicator of future growth in the housing market. WASHIN...

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