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Nick and Cindy Davis

Wesley Chapel, Florida

Real Estate News and Information.

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Recent Comments

RE: Sellers Beware of Short Sale Scams
I couldn't agree with you guys more!  Thats w...
RE: Lawmakers seek to extend $8K tax credit
The New Hampshire estate market has been impacted...
RE: White House may extend homebuyer tax credit
I am hopeful this will become a viable considerati...
Hello from Utah!
And a welcome change it is! Huge sigh from Utah. W...
RE: Trying to sell? Clean up any neighborhood eyesores
Well said yaar; What you have mentioned is...

Nick and Cindy Davis

June 2009

Lawmakers look at rising scams for reverse mortgages

Jun. 30, 2009
U.S. lawmakers heard testimony about problems with reverse mortgages, such as increasing fraud cases. Read more.... [Read More]

Data suggest more moving out of Fla.

Jun. 29, 2009
Moving company reports on relocation find that Florida's population remains stable at best and may be diminishing. Read more.... [Read More]

Mortgage rates tick up, remain above lows

Jun. 26, 2009
Freddie Mac says 30-year fixed mortgages averaged 5.42% this week; analysts fear higher rates threaten a housing recovery. Read more... [Read More]

May new-home sales dip 0.6%

Jun. 25, 2009
The Commerce Dept. said sales were at a seasonally adjusted rate of 342,000; many analysts think January was the bottom. Read more.... [Read More]

Not paying the mortgage, yet stuck with the keys

Jun. 24, 2009
More homeowners are badly behind on their loans but banks have not yet foreclosed, which can take 9 months to start. Read more.... [Read More]

Florida’s existing home, condo sales up in May 2009

Jun. 23, 2009
ORLANDO, Fla. - June 23, 2009 - Florida's existing home sales rose in May - the ninth month in a row that sales activity increased in the year-to-year comparison, according to the latest housing data... [Read More]

Housing markets bump along bottom, head up in some areas

Jun. 22, 2009
Declining foreclosures, increasing home sales and higher average sale prices indicate markets may have bottomed out. Read more.... [Read More]

Mortgage rates fall back from 7-month high

Jun. 19, 2009
Rates for 30-year home loans fell to 5.38% this week after soaring to a seven-month high last week. Read more.... [Read More]

Consumer agency wants to revamp lending

Jun. 18, 2009
WASHINGTON – June 18, 2009 – A new consumer protection agency announced Tuesday by the Obama administration would overhaul current U.S. mortgage lending practices and boost oversight of th... [Read More]

Treasury provides $3B more for foreclosure program

Jun. 17, 2009
The Treasury gave Countrywide, part of BofA, the biggest boost. More than 32,000 borrowers are now participating in the plan. Read more... [Read More]

May U.S. housing construction jumps by 17.2 percent

Jun. 16, 2009
Experts see it as an encouraging sign that the housing recession is bottoming out. Read more.... [Read More]

Young homeowners gain despite stagnant economy

Jun. 15, 2009
Today's economy and the $8,000 tax credit are helping young people who couldn't enter the housing market a few years ago. Read more.... [Read More]

Home short sale flips nixed

Jun. 12, 2009
We came across this article today and think it great news and definitely worth reading: http://www2.tbo.com/content/2009/jun/12/sp-home-short-sale-flips-nixed/news-money/... [Read More]

Foreclosures fall 6% May to April

Jun. 11, 2009
The number fell month to month, and while the rate rose compared to May 2008, it was the smallest jump in three years. Read more.... [Read More]

Get the most out of your homebuying tax credit

Jun. 10, 2009
For some, it's better to wait until 2010 to take the homebuyer tax credit and increase 2009 paychecks. Read more.... [Read More]

A foreclosure now costs lenders even more

Jun. 9, 2009
A fee increase levied by the state boosts a lender's cost to file a foreclosure from $295 to $1,900 for a $250,000 house. Read more... [Read More]

Latest foreclosure program may be making dent

Jun. 8, 2009
The new version of the federal Making Homes Affordable program has helped more than 120,000 in just three months. Read more.... [Read More]

Mortgage rates above 5% for 1st time in 3 months

Jun. 5, 2009
Average rates on 30-year fixed-rate mortgages rose to 5.29% this week, according to Freddie Mac's survey. Read more.... [Read More]

Foreclosed homes could become hurricane shelters

Jun. 4, 2009
FEMA says it might use foreclosed homes as temporary housing for Florida residents displaced by a major hurricane. Read more.... [Read More]

FAR study looks at Florida’s present and future

Jun. 3, 2009
TALLAHASSEE, Fla. – June 3, 2009 – Migration – the movement of people into and out of a geographic area – impacts a state’s economy and real estate market. Because birth... [Read More]