Archive for January 2010

Five market opportunities for 2010

Jan 9th, 2010 | By Gregory Arzumanov | Category: Housing News

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, [...]



Mortgage rates end the year above 5 percent

Jan 5th, 2010 | By Gregory Arzumanov | Category: Financial News

McLEAN, Va. Jan. 4, 2009 Mortgage rates rose for the fourth straight week, ending the year above 5 percent.
The average fixed rate on a 30-year mortgage was 5.14 percent last week, up from 5.05 percent one week earlier, Freddie Mac said Thursday.
Mortgage rates are closely tied to yields on long-term government debt. The [...]



Home demand will be strong as buyers seek tax credits

Jan 5th, 2010 | By Gregory Arzumanov | Category: Housing News

WASHINGTON Jan. 4, 2010 So you want to sell a home in 2010? Think January, not June.
Not only are prices expected to keep falling, cutting into sellers profits the longer they wait, but demand will be strong early in the year from first-time and move-up buyers looking to qualify for tax credits that [...]