U.S. home prices rose in June for the third straight month amid a burst of homebuying due to tax incentives that have since expired.
The Standard & Poors/Case-Shiller 20-city home price index posted a 1 percent increase in June from May and was up 4.2 percent from a year ago. Home prices [...]
ORLANDO, Fla. Aug. 4, 2010 The tax credit expired, but its still a great time to buy a home thanks to low mortgage rates and motivated sellers. Here are five reasons why now is a great time to buy:
1. Low mortgage rates serve as an equity shock absorber. When buyers [...]
PONTE VEDRA BEACH, Fla. July 19, 2010 Under a new Florida law, homeowner association boards can go after renters for association fees when the homeowners fail to pay up.
The law has been attracting attention in Ponte Vedra Beach and elsewhere in the Beaches area because so many housing developments have [...]
McLEAN, Va. June 17, 2010 Thousands of pending home sales may be in jeopardy unless Congress extends the June 30 deadline for buyers to close on their deals and claim a tax credit.
The Senate on Wednesday approved a three-month extension, giving buyers until Sept. 30 to close, but it’s attached [...]
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 [...]
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. 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, [...]