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News
It’s Time to Take Advantage of Low Interest Rates
You may already know that the country is experiencing historically low interest rates, but have you taken the time to examine what this means for you as a potential home buyer?
Sarasota Tops the List of Best US Home Markets!
Barbara Corcoran recently revealed a Top Ten List of the Best Real Estate Markets in the country on NBC’s Today Show. Topping the list at #1 was Sarasota—one of two Florida cities to earn a mention; the other was St. Petersburg.
Spotlight on Local Housing Sales
Nationally, the sale of existing homes rose 9.4% in September. In Florida, sales rose by 34%. Local analysts say it’s a combination of falling prices and the $8,000 first-time homebuyer tax credit that has made all the difference in South Florida.
Housing activity in two counties, Broward County and Palm Beach County, reveal just how active [...]
Low Mortgage Rates Incentivize Refinancing
Mid-October rates for a 30-year fixed-rate mortgage averaged 4.92%. This is 6.46% less than the rate a year ago.
According to Freddie Mac chief economist Frank Nothaft, rates under 5% are enticing some homeowners to take advantage of low rates to refinance their current balances. Northaft says that three out of five mortgage applications in [...]
Home Sales Up Everywhere in September
Bolstered by first time homebuyers taking advantage of the $8,000 tax credit, the sale of previously-owned homes was up 9.4% in September. “Much of the momentum is from people responding to the first-time buyer tax credit, which is freeing many sellers to make a trade and buy another home,” explains National Association of Realtors [...]
Plan to Aid State and Local Housing Finance Agencies
Obama Administration officials have unveiled a plan to aid state and local housing finance agencies that provide mortgages to first-time and lower-income homebuyers and enable the development or rehabilitation of rental properties. The measure will enable housing agencies in all 50 states to provide lending directly to families and enable the development or rehabilitation [...]
Homebuyer Tax Credit Ending Soon (Or is it?)
While an extension of the November 30, 2009, deadline for the homebuyer tax credit is actively being considered, it’s not a done deal quite yet. In the meantime, it bears noting what the first time home buyer tax credit has done and continues to do for the real estate market.
Almost 50% of all houses [...]