WASHINGTON May 20, 2010 Mortgage rates fell this week to the lowest level of the year, as rates fell on U.S. government securities. Fixed mortgage rates closely track interest rates paid on long-term Treasury bonds.
The average rate on a 30-year fixed rate mortgage dipped to 4.93 percent this week [...]
TALLAHASSEE, Fla. May 20, 2010 The number of Florida foreclosures fell in April from a year earlier, mirroring a national trend that indicates a slowing of defaults on mortgages, according to data released Thursday by RealtyTrac. Florida’s foreclosure fell 18 percent from March and was down 25 percent compared to April 2009. [...]
WASHINGTON April 23, 2010 Sales of new U.S. homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as better weather and government incentives boosted sales.
The Commerce Department said Friday that newhome sales rose in March to a seasonally adjusted annual sales [...]
McLEAN, Va. March 5, 2010 Mortgages rates have dipped below 5 percent again, four weeks before a government program that is helping keep rates low is scheduled to run out.
The average rate on a 30-year fixed rate mortgage was 4.97 percent this week, down from 5.05 percent a week earlier, mortgage finance company [...]
NEW YORK March 2, 2010 Billionaire investor Warren Buffett predicted that the real estate market downturn would end by 2011 as the housing inventory declines.
Within a year or so, residential housing problems should largely be behind us, Buffett wrote in his annual letter to the shareholders of Berkshire Hathaway, where he is chairman [...]
WEST PALM BEACH, Fla. Feb. 15, 2010 Nearly half of South Florida homes sold in December did so at a loss, a 4 percent increase from the previous year and a disturbing sign for anyone with a home on the market. The data, released by analysts at Zillow.com, evaluated sales by region, county [...]
WASHINGTON Feb. 19, 2010 Rates for 30-year home loans edged lower for the second straight week, a report said Thursday, but remained above last years record lows. The average rate on a 30-year fixed rate mortgage was 4.93 percent this week, down from 4.97 percent a week earlier, mortgage finance company Freddie Mac [...]
LOS ANGELES Feb. 2, 2010 The Department of Housing and Urban Development (HUD) said Monday it will ask for less money from Uncle Sam this year because it expects income from two of its agencies to more than double.
HUD operates the Federal Housing Administration and Ginnie Mae, in
addition to a host of affordable [...]
WASHINGTON Feb. 2, 2010 New home sales last year dropped to the lowest level in recorded history as a budding economic recovery grappled with unemployment and forecasts of increasing foreclosures.
The Commerce Department said Wednesday sales of newly built homes fell 23 percent nationwide in 2009 from the previous year to 374,000 the [...]
ORLANDO, Fla. Jan. 7, 2010 Whats hot in the state? Florida Realtor Magazine compiled the top five niches noted by leading brokers and Realtors. They include:
Short sales and foreclosures
Real estate professionals have a great opportunity dealing with distressed properties, says John Tuccillo, president of Tuccillo and Associates (JTA) in Sarasota.
These are difficult transactions, [...]