Thursday, December 18, 2008
Are Real Estate Sales Picking Up?
Sales are picking up in markets where prices are deflated, but the business is different than it was before the bubble burst, observers say. The housing market in deflated states - like Arizona, California, Florida and Nebraska - show signs of a rebound. Analysts say that prices have fallen to the point that those with average salaries can afford to buy once again. "The buyers are returning," says Lawrence Yun, National Association of Realtors (NAR) chief economist. "And in such a strong way that, now, we are hearing in some cases there is multiple bidding, which hints that maybe pricing is reaching a bottom point. But inventory remains high." Christian Science Monitor
Tuesday, December 16, 2008
Orlando Home Buying Best Condition since 2004
First time homebuyers have the best conditions since March 2004 to purchase a home in the Orlando area, as a decrease in the median sales price of homes sold in November pushed the first time homebuyer affordability index up to 96.09 percent. In addition, inventory of houses on the market is stocked with more than 6,030 homes in the average first time buyer’s price range of $136,422 or less read more
Tuesday, December 02, 2008
Orlando Ranks 13th City for Singles
Orlando is one of the top metro areas in the U.S. for singles who relocate, according to an industry survey of 100 cities.
The survey focused on criteria most relevant to singles: cost of living, rents and availability of apartments, demographic diversity, educational costs and job growth.
But the survey by Worldwide ERC, an association of corporate and government relocation managers, real-estate companies, movers and service firms, also delved deeper into "quality of life" issues that can contribute to the "ease of transition" for a single person moving into a new community.
For example, the prevalence of restaurants, bars, health clubs, sporting events and concerts was a key measure helping Orlando take 13th place out of the nation's 100 largest metropolitan areas.
Boston claimed the top spot, followed by Nassau/Suffolk, N.Y.; New Haven, Conn.; New York; and Edison, N.J.San Francisco was the highest-rated California community, at No. 8, and Tampa-St. Petersburg ranked No. 11, the highest-ranked Florida city. In addition to Orlando and Tampa, three other Florida metro areas were rated among the top 50: Jacksonville at No. 22, Fort Lauderdale at No. 24 and Miami at No. 26.
The survey focused on criteria most relevant to singles: cost of living, rents and availability of apartments, demographic diversity, educational costs and job growth.
But the survey by Worldwide ERC, an association of corporate and government relocation managers, real-estate companies, movers and service firms, also delved deeper into "quality of life" issues that can contribute to the "ease of transition" for a single person moving into a new community.
For example, the prevalence of restaurants, bars, health clubs, sporting events and concerts was a key measure helping Orlando take 13th place out of the nation's 100 largest metropolitan areas.
Boston claimed the top spot, followed by Nassau/Suffolk, N.Y.; New Haven, Conn.; New York; and Edison, N.J.San Francisco was the highest-rated California community, at No. 8, and Tampa-St. Petersburg ranked No. 11, the highest-ranked Florida city. In addition to Orlando and Tampa, three other Florida metro areas were rated among the top 50: Jacksonville at No. 22, Fort Lauderdale at No. 24 and Miami at No. 26.
Thursday, November 20, 2008
Orlando 3rd Quarter Real Estate Sale Strong
Existing-home sales in Metro Orlando continued to outpace sales in most of the rest of Florida during the third quarter, with Orlando Realtors closing on 4,689 single-family homes, or 14 percent of the statewide total.
Orlando sold almost four times as many homes as the Miami metro area during the period, almost three times as many as Fort Lauderdale and almost twice as many as Jacksonville, according to the report released Tuesday by the Florida Association of Realtors. Read More
Orlando sold almost four times as many homes as the Miami metro area during the period, almost three times as many as Fort Lauderdale and almost twice as many as Jacksonville, according to the report released Tuesday by the Florida Association of Realtors. Read More
Thursday, October 09, 2008
Orlando Real Estate First Improvement in Two Years
Orlando area Realtors sold 1,335 homes in September, up 37.6 from the same month a year ago, a strong year-over-year rebound sparked by lower prices and foreclosure sales.
The median sales price of the homes sold in September rose by 5 percent to $210,000 from August's revised $200,000 median, but that was still 10.64 percent below what it was this time last year, the Orlando Regional Realtor Association report showed this morning.
The September year over year improvement is the first for the Orlando market in more than two years, since a 1.28 percent increase in May, 2006.
The rebound in existing home sales in the Orlando area was not unexpected, based on the fact that pending sales contracts had been rising for some time, but it is more good news for the hard hit local housing market in terms of building a more stable base for a recovery. The Orlando area has been outperforming most metro areas of the state for the past year, in terms of raw sales, as the statewide and national housing slumps continued.
The median sales price of the homes sold in September rose by 5 percent to $210,000 from August's revised $200,000 median, but that was still 10.64 percent below what it was this time last year, the Orlando Regional Realtor Association report showed this morning.
The September year over year improvement is the first for the Orlando market in more than two years, since a 1.28 percent increase in May, 2006.
The rebound in existing home sales in the Orlando area was not unexpected, based on the fact that pending sales contracts had been rising for some time, but it is more good news for the hard hit local housing market in terms of building a more stable base for a recovery. The Orlando area has been outperforming most metro areas of the state for the past year, in terms of raw sales, as the statewide and national housing slumps continued.
Wednesday, October 08, 2008
The First Internet Foreclosure Auction
Will the Internet replace public foreclosure auctions?
Public auctions of foreclosed properties began in the 19th century as a practical way to ensure there was no chicanery between lenders and public officials.
Next month, Duval County, Fla., will become the first county in the country to hold an Internet foreclosure auction, forgoing the traditional courthouse sale in the hope of attracting buyers from other areas.
If the Web-based process works out well, and other states sign on, it will be an earth-shifting change in the way foreclosures are handled.Some real estate professionals think it is a bad idea.
“There are things about the title that you just can’t find on the Internet,” says Bruce Norris, CEO of the Norris Group, a real estate investment firm in Riverside. “They can’t tell you whether you’re buying a first mortgage or a second mortgage. If you’re buying a second, then you don’t own the home free and clear.” Courtesy FloridaRealtors.org
Public auctions of foreclosed properties began in the 19th century as a practical way to ensure there was no chicanery between lenders and public officials.
Next month, Duval County, Fla., will become the first county in the country to hold an Internet foreclosure auction, forgoing the traditional courthouse sale in the hope of attracting buyers from other areas.
If the Web-based process works out well, and other states sign on, it will be an earth-shifting change in the way foreclosures are handled.Some real estate professionals think it is a bad idea.
“There are things about the title that you just can’t find on the Internet,” says Bruce Norris, CEO of the Norris Group, a real estate investment firm in Riverside. “They can’t tell you whether you’re buying a first mortgage or a second mortgage. If you’re buying a second, then you don’t own the home free and clear.” Courtesy FloridaRealtors.org
Wednesday, October 01, 2008
NAR Disappointment Failed Bailout Package
The National Association of Realtors® (NAR) issued a statement yesterday about the federal bailout bill.
“The National Association of Realtors is extremely disappointed in the actions of the U.S. House of Representatives in failing to pass the Emergency Economic Stability Act of 2008,” says NAR President Richard F. Gaylord. “This legislation is critical to stopping the economic turmoil that millions of Americans are facing. Completing a recovery plan that will end the current economic crisis crippling the housing and financial markets must be accomplished quickly and in a bipartisan manner.”
Gaylord says that the association’s primary focus right now is on protecting homeowners and the American taxpayer. “Protecting Main Street by keeping people in their homes will not only benefit individual families, but also will help stabilize the housing market, which greatly impacts the overall U.S. economy,” he says. “Across the country, Realtors see and feel the loss of confidence experienced by both buyers and sellers in the real estate market, and they know firsthand that buyers are finding it harder to get mortgages. A sharp rise in unemployment and severe hardship for many ordinary Americans would result from the deteriorating liquidity crisis. In addition, interest rates for those who are able to get a mortgage or credit will be more costly.
According to Gaylord, the bailout legislation, if passed, would quickly restore liquidity to the mortgage market, which would stabilize the housing market and protect homeowners.
“There will not be an economic recovery without a housing recovery, and we hope the Congress will move as expediently as possible to resolve their differences,” Gaylord says.
NAR will continue to advocate for financial aid legislation.
“The National Association of Realtors is extremely disappointed in the actions of the U.S. House of Representatives in failing to pass the Emergency Economic Stability Act of 2008,” says NAR President Richard F. Gaylord. “This legislation is critical to stopping the economic turmoil that millions of Americans are facing. Completing a recovery plan that will end the current economic crisis crippling the housing and financial markets must be accomplished quickly and in a bipartisan manner.”
Gaylord says that the association’s primary focus right now is on protecting homeowners and the American taxpayer. “Protecting Main Street by keeping people in their homes will not only benefit individual families, but also will help stabilize the housing market, which greatly impacts the overall U.S. economy,” he says. “Across the country, Realtors see and feel the loss of confidence experienced by both buyers and sellers in the real estate market, and they know firsthand that buyers are finding it harder to get mortgages. A sharp rise in unemployment and severe hardship for many ordinary Americans would result from the deteriorating liquidity crisis. In addition, interest rates for those who are able to get a mortgage or credit will be more costly.
According to Gaylord, the bailout legislation, if passed, would quickly restore liquidity to the mortgage market, which would stabilize the housing market and protect homeowners.
“There will not be an economic recovery without a housing recovery, and we hope the Congress will move as expediently as possible to resolve their differences,” Gaylord says.
NAR will continue to advocate for financial aid legislation.
Monday, September 29, 2008
Florida Gets $541M for Housing Recovery
Orlando, Orange County and Central Florida communities from Deltona to Kissimmee will get millions of federal dollars to help shore up their shaky housing markets, among the nation's hardest-hit in foreclosures and abandoned properties.
All told, city, county and state government in Florida will get $541 million, part of nearly $4 billion in "neighborhood stabilization grants" announced by the U.S. Department of Housing and Urban Development on Friday.
The state itself will get $91 million of the money to parcel out for buying foreclosed homes and taking other steps to help stabilize communities hit by the subprime mortgage meltdown. Orange County will get $27.9 million, the second-highest amount allotted to any county or community in the state.
Only the far-more-populous Miami-Dade County will get a larger share, $62.2 million; another $12 million was earmarked for the city of Miami.
Orlando, with a 7.3 percent foreclosure rate, will get $6.7 million as part of the program. Local officials called the announcement welcome news but said it's too early to describe specific uses or predict how much help it might be in a metro area that posts more than $300 million a month in private sales of homes and condominiums.
"It's certainly something we could find very useful," said Carson Chandler, spokesman for Orlando Mayor Buddy Dyer. "We've had some challenges with foreclosures."
Chandler said city staffers are just learning some of the details of the program and it will take time to develop spending plans.
Seminole County will get $7 million, Volusia $5.2 million, Brevard $5.2 million, Lake $3.1 million and Kissimmee $2.3 million. Osceola County was not listed.
The sprawling Volusia County community of Deltona, dogged by flooding from storms in recent weeks and already reeling from a 10.6 percent home-loan foreclosure rate, among the worst in the state, will get $6.6 million.
HUD Secretary Steve Preston said states and communities hit hardest by the housing crisis will get the most money, based on a government formula, and local officials will be urged to prepare proposals for spending the money as quickly as possible.
"Time is of the essence," he told reporters in a telephone news conference.
HUD will have to sign off on the spending plans to make sure they follow congressional guidelines, he said, but communities will be under time constraints to put the money to use within 18 months.
Specific details of the grant program will be outlined in meetings nationwide in October, he said, but recipients will have a range of basic options to use the money. Those include buying homes for affordable housing, demolishing abandoned homes, offering down-payment assistance to low-income families and creating "land banks" for affordable housing.
Abandonment of a home is one of the worst outcomes, with weedy yards and deteriorating structures depressing neighborhood values even more. The HUD report rated Deltona, Kissimmee and Orlando as communities in Central Florida with a "high" risk of home abandonment.
W.D. Morris, executive director of the Orange County Housing Finance Authority, which raises money for lower-income housing assistance through bond sales, said the real-estate collapse and credit crunch seem to have no end in sight.
Earlier this month, the authority was forced to cancel a planned $15 million bond sale when insurance giant American International Group Inc. teetered on the brink of collapse.
"The bottom dropped out of the [bond] market," Morris said. "There were no buyers." Courtesy of Orlando Sentinel 9/27/08.
All told, city, county and state government in Florida will get $541 million, part of nearly $4 billion in "neighborhood stabilization grants" announced by the U.S. Department of Housing and Urban Development on Friday.
The state itself will get $91 million of the money to parcel out for buying foreclosed homes and taking other steps to help stabilize communities hit by the subprime mortgage meltdown. Orange County will get $27.9 million, the second-highest amount allotted to any county or community in the state.
Only the far-more-populous Miami-Dade County will get a larger share, $62.2 million; another $12 million was earmarked for the city of Miami.
Orlando, with a 7.3 percent foreclosure rate, will get $6.7 million as part of the program. Local officials called the announcement welcome news but said it's too early to describe specific uses or predict how much help it might be in a metro area that posts more than $300 million a month in private sales of homes and condominiums.
"It's certainly something we could find very useful," said Carson Chandler, spokesman for Orlando Mayor Buddy Dyer. "We've had some challenges with foreclosures."
Chandler said city staffers are just learning some of the details of the program and it will take time to develop spending plans.
Seminole County will get $7 million, Volusia $5.2 million, Brevard $5.2 million, Lake $3.1 million and Kissimmee $2.3 million. Osceola County was not listed.
The sprawling Volusia County community of Deltona, dogged by flooding from storms in recent weeks and already reeling from a 10.6 percent home-loan foreclosure rate, among the worst in the state, will get $6.6 million.
HUD Secretary Steve Preston said states and communities hit hardest by the housing crisis will get the most money, based on a government formula, and local officials will be urged to prepare proposals for spending the money as quickly as possible.
"Time is of the essence," he told reporters in a telephone news conference.
HUD will have to sign off on the spending plans to make sure they follow congressional guidelines, he said, but communities will be under time constraints to put the money to use within 18 months.
Specific details of the grant program will be outlined in meetings nationwide in October, he said, but recipients will have a range of basic options to use the money. Those include buying homes for affordable housing, demolishing abandoned homes, offering down-payment assistance to low-income families and creating "land banks" for affordable housing.
Abandonment of a home is one of the worst outcomes, with weedy yards and deteriorating structures depressing neighborhood values even more. The HUD report rated Deltona, Kissimmee and Orlando as communities in Central Florida with a "high" risk of home abandonment.
W.D. Morris, executive director of the Orange County Housing Finance Authority, which raises money for lower-income housing assistance through bond sales, said the real-estate collapse and credit crunch seem to have no end in sight.
Earlier this month, the authority was forced to cancel a planned $15 million bond sale when insurance giant American International Group Inc. teetered on the brink of collapse.
"The bottom dropped out of the [bond] market," Morris said. "There were no buyers." Courtesy of Orlando Sentinel 9/27/08.
Thursday, July 17, 2008
Evidence Orlando Real Estate Market Turning
For the fourth straight month the Orlando area's inventory of existing homes and condos for sale dipped slightly and prices strengthened a bit.
The local median sales price in June edged up 2.89 percent from May to $217,500, according to the Orlando Regional Realtor Association's preliminary report released this morning.
The median sales price – half sold for more and half for less – was still down 13.86 percent from a year ago, and the inventory of homes and condos listed by Realtors was still large by historical standards, at 24,575.
But that was down by 440 homes for the month, and on a year-over-year basis was off by 5.2 percent, a sign of stabilization or contraction in supply that Realtors hope will spur more demand and sales.
The inventory level equates to a 17.03-month supply at the current sales pace, the fifth straight month of reduction, or improvement, in that key category. A 6-month supply is considered the historic balance between a buyers' market and sellers' market.
Since January, when the region had a 31 month supply of homes and condos listed, the inventory has been pulled down by more than 46 percent, as more units left the sales market than entered. The decline is a combination of increased sales as well as more sellers pulling their homes of the market as prices declined and it took longer and longer to sell. Courtesy Orlando Sentinel 7/10/08.
The local median sales price in June edged up 2.89 percent from May to $217,500, according to the Orlando Regional Realtor Association's preliminary report released this morning.
The median sales price – half sold for more and half for less – was still down 13.86 percent from a year ago, and the inventory of homes and condos listed by Realtors was still large by historical standards, at 24,575.
But that was down by 440 homes for the month, and on a year-over-year basis was off by 5.2 percent, a sign of stabilization or contraction in supply that Realtors hope will spur more demand and sales.
The inventory level equates to a 17.03-month supply at the current sales pace, the fifth straight month of reduction, or improvement, in that key category. A 6-month supply is considered the historic balance between a buyers' market and sellers' market.
Since January, when the region had a 31 month supply of homes and condos listed, the inventory has been pulled down by more than 46 percent, as more units left the sales market than entered. The decline is a combination of increased sales as well as more sellers pulling their homes of the market as prices declined and it took longer and longer to sell. Courtesy Orlando Sentinel 7/10/08.
Friday, May 30, 2008
First Time Home Buyers Should Be Ready to Buy
First-time homebuyers squeezed out of the market by the 2004-06 housing-price surge may want to consider taking the plunge now.
Prices are down and still falling, interest rates are low and stable, and a huge inventory of houses and condominiums is for sale -- a mix that should spark more sales by year's end, Realtors say. For full story on why to buy click here.
Prices are down and still falling, interest rates are low and stable, and a huge inventory of houses and condominiums is for sale -- a mix that should spark more sales by year's end, Realtors say. For full story on why to buy click here.
Monday, May 12, 2008
Orlando Real Estate Signs of Improvement
For the second straight month Orlando's home and condo resale market made small gains in key categories, whittling the inventory a tiny bit in April and posting a small increase in sales from March.
Improving affordability made it slightly easier for some buyers, as the median sales price of a home in the Orlando area decreased by 4.09 percent, or $9,000, from $220,000 in March 2008 to $211,000 in April 2008.
The median sales price for April 2008 was 12.85 percent, or $31,100, below that of April 2007 when it was $242,100, the Orlando Regional Realtor Association reported this morning.
There are stilly 25,436 homes and condos available for purchase through the local Realtors' Multiple Listing Service, but that was down by 36 homes. Compared to last year, the April 2008 inventory level is only 4.10 percent higher than it was in April 2007.
But the current inventory level still reflects a 22.18-month supply at the current pace of sales. That's a slight improvement from March 2008's 22.74-month supply and February's 27.32-month supply.
The number of sales in the Orlando area was still down by 25.03 percent compared to April of last year -- 1,147 vs 1,530 -- but the number of sales that took place in April 2008 did increase by 2.41 percent from March.
The Realtor association said that while the improving numbers are encouraging, the pace of the market "coming into balance between buyers and sellers" is still very slow.
Improving affordability made it slightly easier for some buyers, as the median sales price of a home in the Orlando area decreased by 4.09 percent, or $9,000, from $220,000 in March 2008 to $211,000 in April 2008.
The median sales price for April 2008 was 12.85 percent, or $31,100, below that of April 2007 when it was $242,100, the Orlando Regional Realtor Association reported this morning.
There are stilly 25,436 homes and condos available for purchase through the local Realtors' Multiple Listing Service, but that was down by 36 homes. Compared to last year, the April 2008 inventory level is only 4.10 percent higher than it was in April 2007.
But the current inventory level still reflects a 22.18-month supply at the current pace of sales. That's a slight improvement from March 2008's 22.74-month supply and February's 27.32-month supply.
The number of sales in the Orlando area was still down by 25.03 percent compared to April of last year -- 1,147 vs 1,530 -- but the number of sales that took place in April 2008 did increase by 2.41 percent from March.
The Realtor association said that while the improving numbers are encouraging, the pace of the market "coming into balance between buyers and sellers" is still very slow.
Wednesday, May 07, 2008
Orlando Jobs Down, But Strongest Economy
After having the lowest unemployment rate in the nation and in Florida, it is calculated Orlando lost jobs in 2007. Despite lower numbers Orlando has one of the strongest economies in Florida and economists say this strength balances out the weaker areas. We have strong tourism and healthcare economy and these areas are experiencing continued growth, not seen in northern cities. Despite the sluggish real estate market, it is a great time to buy in this strong economy while prices are still low. For more information, please click here.
Monday, April 21, 2008
Orlando Real Estate Report Shrinking Inventory
The backlog of homes sold by Realtors in the Orlando area edged down slightly in March -- the first time in three years that the local inventory has declined at the start of the spring home-buying season.
"It's moving in the right direction," said Steven Moreira, president of the Orlando Regional Realtor Association, which released its March existing-home-sales report Monday. For full story, please click here.
"It's moving in the right direction," said Steven Moreira, president of the Orlando Regional Realtor Association, which released its March existing-home-sales report Monday. For full story, please click here.
Thursday, April 03, 2008
Orlando Builder Advertising Overseas
Another Central Florida builder is looking overseas for business.ABD Development Co., which builds luxury homes and villas at Providence in Polk County, Vizcaya and Windsor Landing at Wyndham Lakes Estates in Orlando, and Toscana in Palm Coast, is heading to England in search of potential home buyers.
David Kohn, president of ABD Development, said his company plans to participate in a major lifestyle trade show in London on April 24-27.The event, "A Place in the Sun, Exel London," is advertising to attract a significant number of qualified home buyers and investors, Kohn said. Currency exchange rates "make Florida luxury homes very affordable to British and European buyers" right now, he said, and ABD Development expects to book sales during the trade show.
Courtesy Orlando Sentinel 4/2/08.
David Kohn, president of ABD Development, said his company plans to participate in a major lifestyle trade show in London on April 24-27.The event, "A Place in the Sun, Exel London," is advertising to attract a significant number of qualified home buyers and investors, Kohn said. Currency exchange rates "make Florida luxury homes very affordable to British and European buyers" right now, he said, and ABD Development expects to book sales during the trade show.
Courtesy Orlando Sentinel 4/2/08.
Tuesday, April 01, 2008
New Condo Project in Lake Mary
A high-density development in Lake Mary got approval from the County Commission on Tuesday, but only after developer Bob Horian agreed to significantly reduce building height.
The development is on Sun Drive near Greenwood Lakes Boulevard.
Horian asked to modify an original development agreement from several years ago that would let him build condos on land previously approved for offices and town homes. Horian had proposed a 75-foot condo building on one tract. Commissioner Carlton Henley, whose district includes the Sun Drive development, balked at the height. Now the building height limit is just a little more than 55 feet.
Horian said he needed to adjust the project, particularly because town homes are not selling well.
Nothing's selling particularly well in this real-estate market, but Horian said he thinks he can make condos work in the area, where there's not much available land left.
People seem to have turned against town homes because they don't want to deal with the stairs, he said. "I couldn't in good conscience break ground on town homes." Instead, residents will use high-speed elevators.
The development is on Sun Drive near Greenwood Lakes Boulevard.
Horian asked to modify an original development agreement from several years ago that would let him build condos on land previously approved for offices and town homes. Horian had proposed a 75-foot condo building on one tract. Commissioner Carlton Henley, whose district includes the Sun Drive development, balked at the height. Now the building height limit is just a little more than 55 feet.
Horian said he needed to adjust the project, particularly because town homes are not selling well.
Nothing's selling particularly well in this real-estate market, but Horian said he thinks he can make condos work in the area, where there's not much available land left.
People seem to have turned against town homes because they don't want to deal with the stairs, he said. "I couldn't in good conscience break ground on town homes." Instead, residents will use high-speed elevators.
Friday, March 28, 2008
Orlando Ranked in Top 100 for Businesses
Fortune Magazine ranked being 73 out of 100 best places to launch a business. This was based on ecomonic diversity, tax rates, economic strength, natural beauty, affordable housing, small- business eco-system, and input from economy experts. Click Here for Fully Story
Tuesday, March 25, 2008
Program to Help Home Owner in Foreclosure
Consumer Credit Counseling is has joined forces with other non-profit organization sto offer counseling sessions for home owners facing foreclosure of their home. The non-profit organization is getting 4,500 calls per day, and their contact information is 1-888-995-HOPE. For full story, please click here.
Tuesday, March 18, 2008
Central Florida $1 Million Home Being Raffled
A Central Florida Builder is raffling off $1 Million home in Howey-In-the Hills to raise money for a charity. The drawing will continue through September, and the winner will need to pay $350K for income tax, and $17K in property tax. See Article for full details.
Monday, March 10, 2008
Don't Wait to Buy Orlando Real Estate
Headlines have stated that if recession occurs mortgage rates will increase. Orlando, a number one tourist destination, and strong ecomony is a great place to invest. It's a buyers market, prices have come down, and plenty of choices for buyers. Money Manager Peter Lynch discusses to invest in the downturn. It will cost the same today, if you bought 12 months at reduced price from now with higher interest rate. Why wait?
Monday, February 18, 2008
Detroit Highest Foreclosure Rate 2007
While every city is facing an increase in foreclosures, Detroit reported the highest amount in 2007. The Detroit area, hit hard by the double-whammy of unemployment and a slumping housing market, had the highest foreclosure rate in the nation last year, with several cities in California ranked close behind, an analysis of foreclosure activity in the country's largest 100 metropolitan areas shows. Click Here for Full Story
Tuesday, February 05, 2008
Centerline Building More Communities
Centerline Homes, a 15-year-old Coral Springs-based home builder that has been more active than ever in the Orlando area in recent years, is preparing to open two more communities in west Orange County.
One is called Preston Square, in Windermere. The other is Summerlake, in the big master-planned development near Winter Garden known as Horizon West. Click here for more information
One is called Preston Square, in Windermere. The other is Summerlake, in the big master-planned development near Winter Garden known as Horizon West. Click here for more information
Thursday, January 17, 2008
Tax Break for taking a Mortgage
The break, called the qualified mortgage insurance deduction, lets taxpayers with an adjusted gross income of less than $100,000 write off the full cost of mortgage insurance. Folks who earn less than $109,000 can take a write-off for part of it.
Full Articles, please click here.
Full Articles, please click here.
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