This category currently has 84 blog entries.
Nationally in 2008 homes under $400,000 are down 3%, while homes over $750,000 sales are down 47% according to the National Association of Realtors. Experts point to the lack of decline in the Jumbo Loan rate, the inability of the move up buyers to ...
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Jacksonville ranked 6th Worse Sales Drop in State of Florida out of 20 markets tracked by Florida Association of Realtors. Median sales in Jacksonville fell 8%. (This number doesn't really mean anything because more lower priced homes are sell...
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State Farm is leaving the property insurance market in Florida. It won't happen immediately. They can't do anything before "90 days and is then prohibited by law from discontinuing any policy before giving a six-month notice."&n...
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There are not enough lenders and loan programs available for a viable real estate market. Inman News sums it up very succinctly in the following quote: "The secondary mortgage market for nonconforming and subprime loans has collapsed, so those...
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44% believe the new president will improve the housing market per a study by Harris Interactive. John Tuccillo, former National Association of Realtors chief economist, is quoted as saying "Consumer confidence tends to rise whenever there is a ...
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For the past few weeks there has been confusion about how much should be paid by the home seller in deed stamps on a short sale. A new Florida Dept of Revenue ruling has clarified the matter and saved Floridians money. In Northeast Florida, th...
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It is great to know that the government is able to confirm what we all felt this summer in the real estate market with the recent release of the July 2008 numbers. July 2008 numbers were worse than June 2008 according to the Office of Federal Housin...
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Rates Are Expected to Come Down "Mark Zandi, chief economist at Moody's Economy.com predicted that 30-year mortgage rates, currently averaging 6.35 percent nationwide, could dip to close to 5.5 percent." John Couson, chief operatin...
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