Lubbock ranks among the top five U.S. cities with a strong housing market.
“Veros Real Estate Solutions” latest 12-month forecast projects home values will increase 3.8 percent through September 2009.
That places Lubbock second only to Peoria, Illinois on the list of the strongest real estate markets in the country.
Veros creates forecast models reflecting projected market gains [...]
Florida’s housing market is far from recovery with both the foreclosure and delinquency rates in Central Florida increasing.
Foreclosure rates among outstanding mortgage loans were 5.5 percent in August, nearly three-fold compared to the 1.5 percent rate in August 2007, according to First American CoreLogic Inc.
The company based foreclosure rates on total outstanding mortgages instead of [...]
MIAMI – Oct. 20, 2008 – He frequents the pool at The Venetia condo building. He leaves his Jaguar with the valet. He uses the gym. He’s also behind on his mortgage and isn’t paying his condo association fees.
Neither is his lender, and the association’s board worries the bank is delaying foreclosure to avoid paying [...]
Your “Miami condo auction draws low bids” article was both symptomatic and problematic. A developer holds an auction and now cries that he sold nine condos that he couldn’t sell prior to the auction for less than what they cost to build. This smacks of the real problem – greed coupled with over-inflated prices.
If someone [...]
Relief is on the way for some Floridians in foreclosure or at risk for it.
Bank of America is to provide $1 billion for Floridians who are recipients of Countrywide home loans considered troubled or risky.
Bank of America, which acquired Countrywide last year, is expecting about 58,000 Floridians to be eligible for its home retention program [...]
MIAMI – Oct. 16, 2008 – More than four in 10 South Florida homeowners who bought in the last five years owe more on their mortgages than their homes are worth.
For those who bought in 2006 – the year prices peaked – the situation is even worse. A startling 76 percent of those homeowners are [...]
Short sales and foreclosures are having an impact on the local housing market as the median sales price dropped $20,000 in September.
The Northeast Florida Association of Realtors reports 772 home sales last month with $165,717 being the median price. That means half of the homes sold for more than that amount and the other half [...]
Rental housing, that old housing standby of recent college grads and young professionals, is making a comeback with Middle Tennessee developers, in the latest sign of Nashville’s shifting real estate market.
Three local developers, including two with histories as condo builders, are pitching four apartment projects this fall in fast-growing neighborhoods near the city center.
With swimming [...]
Improving conditions in the mortgage market bode well for the housing sector in 2008, according to NAR’s latest outlook, including a widening availability of credit at historically favorable mortgage rates and jumbo mortgage rates that have improved since August. NAR’s latest predictions include:
Existing-home sales: 5.78 million in 2007, rising to 6.12 million next year, in [...]
TALLAHASSEE, Fla. (AP) – Oct. 12, 2008 – Floridians can still get home loans despite the national credit crunch, banking officials assured Gov. Charlie Crist on Thursday.
After a meeting at the Governor’s Mansion, Crist encouraged people to see their banker whether they’re interested in buying a new home or having problems paying their mortgages.
“Go talk [...]