by admin | Oct 2, 2008 | News
WASHINGTON – Oct. 2, 2008 – A new program rolled out by HUD yesterday could help more homeowners avoid foreclosure. Under the program, the lender of an existing subprime mortgage forgives part of the debt as if it’s a short sale, and the balance of the mortgage is...
by admin | Sep 28, 2008 | News
Home sales in September were up 51% but values continued to sink as the median price fell by 22%, the Florida Association of Realtors reported. The dramatic rise in sales may have been little comfort for the industry as home values fell from $233,800 in September 2007...
by admin | Sep 28, 2008 | News
The Orlando real estate market continue to show signs of improvement with a 4.6% increase in existing home sales in November however the median sale price fell by 29% from the previous year. 1,076 existing home sales was 43.6% less than 1,545 which sold in October and...
by admin | Sep 28, 2008 | News
The Orlando real estate market continue to show signs of improvement with a 38% increase in existing home sales in September however the median sale price fell from the previous month. 1,335 existing home sales was 8% more than 1,225 which sold in August and 26.3%...
by admin | Sep 26, 2008 | News
WASHINGTON – Sept. 26, 2008 – Rates on 30-year mortgages, which had been falling for five weeks, jumped sharply this week, reflecting the turbulence in global credit markets. Freddie Mac reported Thursday that its nationwide survey found that the average for 30-year,...
by admin | Sep 25, 2008 | News
WASHINGTON – Sept. 25, 2008 – If a first-time homebuyer purchases a home before the end of 2008, he or she gets a $7,500 tax credit in 2009 when they file their federal income taxes, but it must be paid back over time. Here’s how it works: The first-time homebuyer...
