Median Home Prices Hits All Time High

Median Home Prices Hits All Time High

by: Linda S

Originally From Market Data Tuesday, August 07, 2018 Homes At An All Time High Single family homes and condos sold for a median price of $255,000 in the second quarter, according to ATTOM Data Solutions’ Q2 2018 U.S. Home Sales Report. The report said the median price during the second quarter was up 6.3 percent year-over-year […]

Hey aspiring snowbirds: The Florida housing market could be rebounding

Hey aspiring snowbirds: The Florida housing market could be rebounding

by: Linda S

The following article is from Canadian Real Estate Wealth Magazine. Florida is known for its amusement parks, but no white-knuckle ride has been quite like the last real estate cycle. From 2004 to 2007, Florida experienced one of the biggest property booms in America. Lax lending policies coupled with borrower greed led to massive growth in […]

U.S. homeowners think it’s a good time to renovate

by: Linda S

PALO ALTO, Calif. – April 1, 2013 – Significantly more U.S. homeowners are moving forward with renovation projects compared to this time last year, according to the second annual Houzz & Home survey. A majority of the homeowners surveyed believe now is a good time to remodel (53 percent), and 58 percent of those planning […]

FEMA officials prep for sticker shock

FEMA officials prep for sticker shock

by: Linda S

WASHINGTON – April 1, 2013 – Federal officials are encouraging homeowners in flood-prone communities to consider elevating their homes and increasing their deductibles to cut down on the sticker shock some homeowners have begun to experience as their flood insurance premiums increase. Congress approved legislation last year designed to put the National Flood Insurance Program […]

FHFA to crack down on insurance forced by lenders

by: Linda S

WASHINGTON – April 1, 2013 – The Federal Housing Finance Agency (FHFA) that oversees government-owned Fannie Mae and Freddie Mac says there’s a problem with force-placed insurance policies that lenders issue in the name of a homeowner who has allowed his property insurance to lapse. In the March 29, 2013, Federal Register (Vol. 78, No. […]

Real estate Q&A: Bankruptcy doesn’t stop foreclosure

by: Linda S

FORT LAUDERDALE, Fla. – Oct. 15, 2012 – Question: I filed for bankruptcy over two years ago and included my primary and rental home loans in the bankruptcy. Even though the loans are not on my credit report, two recent foreclosures for those properties show up on the report. My finances are back on track, and […]

U.S. new home starts rose 15% in Sept.

U.S. new home starts rose 15% in Sept.

by: Linda S

WASHINGTON (AP) – Oct. 17, 2012 – U.S. builders started construction on single-family homes and apartments in September at the fastest rate since July 2008, a further indication that the housing recovery is strengthening. The Commerce Department said Wednesday that builders broke ground on homes at a seasonally adjusted annual rate of 872,000 in September. […]

Fla.’s housing market continues positive track in July 2012

by: Linda S

ORLANDO, Fla. – Aug. 22, 2012 – Pending sales, closed sales and median prices rose, while the inventory of homes and condos for sale dropped in Florida’s housing market in July, according to the latest housing data released by Florida Realtors®. “Florida’s real estate recovery is on solid ground,” said 2012 Florida Realtors President Summer […]

Multiple offers possible in tight housing market, experts say

by: Linda S

FORT LAUDERDALE, Fla. – Aug. 23, 2012 – Bidding wars are back as the housing market continues its recovery. After years of lackluster sales and sagging prices, demand is growing while the number of homes for sale shrinks. Those market conditions drive multiple offers in many areas, but real estate agents and other housing followers […]

Renovating? Pick contractor wisely

by: Linda S

WASHINGTON – June 18, 2012 – Everyone’s heard the horror stories – the contractor who rips out the back of a house, has a nervous breakdown and disappears, one day before the homeowner leaves town for vacation. Or the builder who never shows up on time, does poor work and overcharges. Home renovations, expected to […]