Wesley Chapel, Florida
Real Estate News and Information.
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May 2009
May. 29, 2009
WASHINGTON – May 29, 2009 – The U.S. Department of Housing and Urban Development (HUD) released more details today about its program to help first-time homebuyers use a tax credit as part... [Read More]
May. 28, 2009
The majority of homebuyers are now repeat buyers, says NAR; first-timers' share declined to 40% in April. Read more... [Read More]
May. 27, 2009
TALLAHASSEE, Fla. – May 27, 2009 – Gov. Charlie Crist signed the budget bill (SB 2600) today that lays out how the state will spend its $65.6 billion in the fiscal year that starts July 1.... [Read More]
May. 27, 2009
ORLANDO, Fla. – May 27, 2009 – Florida’s existing home sales rose in April – the eighth consecutive month that sales activity increased in the year-to-year comparison, accordin... [Read More]
May. 26, 2009
Median prices in South Florida have tumbled to $100,000, and buyers now evaluate the building as much as the unit. Read more.... [Read More]
May. 22, 2009
Average rates on 30-year, fixed-rate mortgages dropped to 4.82% this week, staying below 5 percent for the tenth week in a row. Read the full story.... [Read More]
May. 21, 2009
SAN FRANCISCO – May 21, 2009 – Consumers appear to be more willing to buy foreclosures, with 55 percent of U.S. adults indicating that they are at least somewhat likely to consider a forec... [Read More]
May. 20, 2009
WASHINGTON – May 20, 2009 – Help is on the way for many homeowners facing foreclosure, thanks to new details under the Making Home Affordable Program announced by the U.S. Treasury and the... [Read More]
May. 20, 2009
The U.S. Treasury Department last week unveiled a plan designed to streamline and encourage short sales, a move RE/MAX leaders have been advocating for some time.
Under provisions of the newly cre... [Read More]
May. 19, 2009
BofA calls Treasury Dept.'s added incentives and guidance on multiple liens "a boon." Read the full story.... [Read More]
May. 18, 2009
WASHINGTON – May 18, 2009 – Short sales and bank-owned properties represent one of the best opportunities to grow a real estate business today.
Yet they can expose practitioners to lega... [Read More]
May. 15, 2009
WASHINGTON – May 15, 2009 – Citizens of other countries represent an important segment of the U.S. home buying market, and now new special visa categories that allow foreign nationals to g... [Read More]
May. 14, 2009
The Obama administration is expected to expand its mortgage aid program today, announcing new measures to help at-risk homeowners avoid a blemished credit record. The new initiatives are expected to p... [Read More]
May. 14, 2009
The number of U.S. households facing foreclosure jumped 32 percent in April compared to the same month last year, according to the latest data from RealtyTrac Inc., though it rose less than 1 perce... [Read More]
May. 13, 2009
WASHINGTON – May 13, 2009 – First-time homebuyers will soon have another option if they want to use their $8,000 tax credit toward a downpayment. On the tails of a Florida-created program... [Read More]
May. 12, 2009
ORLANDO, Fla. – May 12, 2009 – Sales of existing single-family homes in Florida rose 25 percent in first quarter 2009 compared to the same period a year earlier, according to the latest ho... [Read More]
May. 11, 2009
As anybody who has dealt with one knows, short sales should be renamed "long sales." But that could be changing. The chair of NAR's Conventional Finance and Lending Committee already has... [Read More]
May. 8, 2009
TAMPA - Faced with rampant mortgage fraud that has helped pull the economy into a ditch, federal authorities are in the midst of a "surge" in investigations that they expect will increase pr... [Read More]
May. 8, 2009
The U.S. House voted Thursday to outlaw "liar loans," ballooning mortgage payments and other bank practices that prey on consumers. Under the bill, banks would have to verify a person's cred... [Read More]
May. 7, 2009
Trying to curb home foreclosures, the U.S. Senate voted Wednesday to make it easier for homeowners with risky credit to switch to a lower-cost mortgage backed by the government. The bill also reduc... [Read More]
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