Recent Posts

Fri, Dec 25, 2009

It Is Getting Harder to Buy with FHA by Carey Frankel

FHA loans have seen a resurgence since they require so little to put down to purchase a home.  In fact, a FHA loan is used in around 30% of the purchases in the U.S.  However, new rules that have been proposed are looking to change that. S...

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Fri, Dec 25, 2009

9th Consective Months of Rising Pending Home Sales by Carey Frankel

The Pending Home Sales Index is an index used by the National Association of Realtors based on contracts signed and is a forward looking indicator.  October 2009 showed a 3.7% increase from September 2009 and a 31.8% increase over October 2008.&...

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Fri, Dec 25, 2009

Buyer Discounts Getting Smaller by Carey Frankel

The price paid compared to listing price has been shrinking consecutively for the past 9 months according to Zillow.  The median for October was 2.7% or approximately $5,741 savings for the buyer on a median price of $190,400.

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Fri, Dec 25, 2009

Short Sales May Go Faster by Carey Frankel

New Short Sale Rules from U.S. Treasury are intended to speed the short sale process.  Unfortunately, the new rules are not effective until 4/5/10 but lenders are encouraged to use them now. The new rules do not lessen the paperwork needed but ...

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Fri, Dec 25, 2009

November 2009 Housing Inventory down Nationwide & Jacksonville Florida by Carey Frankel

Zip Realty reports number of Home Listings Declines More than 2% and 17 consective months of declining housing inventory nationally.  There are reported to be 27.64% down from a year ago with Jacksonville down 13%. Following is a snapshot of th...

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