by admin | Oct 30, 2008 | News
TALLAHASSEE, Fla. (AP) – Oct. 30, 2008 – Three recent home buyers who moved to Florida from other states will appeal a judge’s ruling that dismissed their challenge to property tax breaks offered by two state constitutional amendments, one of their lawyers said...
by admin | Oct 28, 2008 | News
Mortgage rates fell this week as consumers cut their spending amid an economic downturn and a major slump in the labor market. Mortgage finance firm Freddie Mac reported Nov. 6 that 30-year fixed-rate mortgages averaged 6.2 percent this week. That’s down from 6.46...
by admin | Oct 27, 2008 | News
Despite weakening second home purchases in 2008, the long-term demand looks favorable for the second-home market because there are large numbers of people in the prime years for buying a second home. Currently, 39.2 million people in the United States are ages 50 to...
by admin | Oct 27, 2008 | News
To move the country out of this economic crisis, Congress and the next administration must place significant emphasis on restoring confidence in the housing market, Charles McMillan, the National Association of Realtors® president, testified to the House Financial...
by admin | Oct 27, 2008 | News
WASHINGTON – Oct. 27, 2008 – U.S. mortgage lenders are showing more willingness to rewrite loans for troubled homeowners, a trade organization said. “There’s really no reluctance anymore,” said Chairman-elect of the Mortgage Bankers Association David Kittle. “Lenders...
by admin | Oct 27, 2008 | News
WASHINGTON (AP) – Oct. 27, 2008 – Sales of new homes recorded an unexpected increase in September as median home prices dropped to the lowest level in four years. The Commerce Department reported Monday that sales of new single-family homes rose by 2.7% last month to...
