Florida
Real Estate News
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Ron says "
If you are qualified for one of these loans..... jump on it now!!! With home prices in our area at or near rock bottom
and mortgage rates are at an unprecidented low, this is the opportunity to own a "slice of paradise" for your future retirement, vacation or investment portfolio".
For current published information as of today and information on other types of loans, click here
Freddie-Mac Mortgage Information
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Florida bouncing back; recession not likely
Report: S. Fla. and Tampa lead rebound with payrolls up 1% in last three months, though housing market still hit hard.
Read more.
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Obama speech addresses housing
While short on specifics, president proposed mortgage modifications to put up to "$2,000 a year in a family's pocket." Read more.
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Realtors honor 9/11 victims and families
Within 24 hours following attacks, Realtors created a relief fund to make sure no victim's family lost their home. Read more.
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Citizens to consider sinkhole rate phase-in
Policyholders facing premium increases up to 2,200% convinced Fla.-owned insurer to reconsider an immediate rate hike. Read more.
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Pressure to restore homebuyer tax credit
A consumer advocacy group wants Congress to create a federal tax credit up to $15,000 for every qualified homebuyer. Read more.
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Florida real estate gets high marks in Fed's latest economic review
ATLANTA - July 28, 2011 - Florida emerged as something of a stand-out student in the Federal Reserve's latest report on real estate in the Southeast.
Amid gloomy reports from brokers in the Fed's Atlanta district, authors of the closely watched economic report card noted Florida was bucking the trend and reporting positive news.
This has been a running theme in the Fed's monthly Beige Books, with sales of Florida homes outperforming the rest of the South. In tempered language for its July report, the Fed said the Atlanta district's reports of modest growth in home sales over the prior year came thanks to the Sunshine State.
"Gains continued to be driven largely by reports from Florida brokers. Outside Florida, the majority of contacts reported sales declined," the report stated. "The outlook among Florida brokers was somewhat positive, but elsewhere sales are expected to remain weak."
R on says . "Yes, 2011 sales have been terrific! Customers realize the value of the low priced Florida properties from small short sale properties to larger, gated community properties. The buys are excellent!
Compared to the mid 2000's, the values are 40% lower and in some instances even more! I have sold many smaller homes that were built to sell at $225K for 80-100K on a consistant level. Large homes (3000 sq. ft w/pools) In lovely gated communities are selling for nearly ½ of their mid 2000 values.
Buyers from all over including many foreign buyers are realizing the values and making their purchases now."
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Increase proposed for FHA downpayments
House subcommittee will consider 5% downpayments rather than 3.5%; opponents say it will slow housing recovery. Read more.
Ron says " The Feds are still accepting 3.5% as of this writing (6/18/11) . For those with limited funds and a decent credit score, you may qualify for one of these good loans and even get some concessions (money) from the sellers for your closing costs.
This is the time to Buy , prices and mortgage rates
in the Florida market
have never been lower!
Call Ron
Let my team mortgage experts help you and answer any finance related question you may have.
We list/sell Luxury Gated, waterfront, short-sales , pre-forclosures and Bank owned Properties.
772-349-9235
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Take some tax breaks for moving
Many hefty moving expenses paid by 2010 homebuyers are tax deductible if the move involved relocation for a job. Read more.
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Economy grows in 3Q, signals end of recession
The much-awaited turnaround ended four quarters of contraction, and at 3.5% beat the 3.3% economists expected. Read more.
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Survey: Most economists see recovery starting
Over 80% believe the recession is over and, for the first time since 2005, real estate will contribute to U.S. growth in 2010. Read more
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Fla.'s existing home, condo sales up in Sept.
Existing sales rose 34%, marking 13 months of increases as all MSAs improve. National home sales surge 9.4%. Read more.
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10/09 Obama mortgage plan gaining steam
Making Home Affordable made its interim goal of 500,000 borrowers early; but a Congressional panel expressed doubts. Read more.
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Property flippers return - but that's good
Investors are buying dilapidated homes, making repairs and selling houses at a market-bearable price. Read more.
Private investors dominate foreclosure market
A federal program to acquire vacant property for rehab has a problem: Investors shut it out by buying the discounted homes first. Read more
08/09 Fla. consumer confidence jumps 3 points
Rising home prices, stock market gains and no bad economic news boosted Floridians' outlook to 70 this month. Read more.
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08/09 Fed official: Retain mortgage rate program
A bank president says rates are low thanks to a bailout program that should continue until the economy improves. Read more.
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Fla. is a business-friendly state
"Not only is Florida a great place to call home, it's a great place to do business," says 2009 FAR President Cynthia Shelton. Read more .
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Pending sales: 4th straight monthly gain
While positive, NAR's economist says it could have been even better if new appraisal rules had not delayed some closings. Read more .
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BUYING SELLING INVESTING
Contact RON KLOWDEN
For All of your Real Estate needs
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