Bardell Real Estate Logo

Housing Market Shows Signs of a Rebound

ORLANDO, Fla. – Nov. 10, 2008 – Pending home sales slipped 4.6 percent nationwide in September from August but remained 1.6 percent higher than a year earlier, a sign that the battered housing market is “still in a broad period of stabilization,” the National...

Florida CFO Sink Launches ‘Florida Housing Help’ Web Site

TALLAHASSEE, Fla. – Nov. 10, 2008 – To provide immediate assistance to Florida homeowners searching for federal housing assistance, Chief Financial Officer Alex Sink and her Financial Action Team (FACT Team) announced the launch of “Florida Housing Help,” a new Web...

Borrowers Wanted: Banks Have Cash But Few Clients

NEW YORK (AP) – Nov. 7, 2008 – Billions of federal bailout dollars are flooding the financial system, credit markets are loosening and many banks say they are ready to lend. But a crucial piece needed to solve the credit crisis is still missing: borrowers. With the...

Pending Home Sales Down on Tight Credit Economic Slow Down

ORLANDO, Fla. – Nov. 7, 2008 – Pending home sales fell on the heels of a strong gain a month earlier as credit tightened and economic conditions deteriorated, according to the National Association of Realtors® (NAR). The Pending Home Sales Index, a forward-looking...

Layaway Program

Homebuyers who have trouble saving for a downpayment now have another option – homebuyer layaway plans. With the demise of seller-funded downpayment assistance programs, residential builders are considering other options, and many are rolling out downpayment...

Obama’s Housing Plan Requires Tough Decisions

NEW YORK – Nov. 6, 2008 – President-elect Barack Obama is inheriting the worst housing recession in a generation, and the proposals he outlined on the campaign trail won’t fix it, so there will be many tough decisions ahead. His plan includes a 10 percent mortgage tax...