Lenders nationwide added 95,364 bank owned homes to their lists in August, the highest monthly total so far since RealtyTrac started tracking bank repossessions in 2006 and higher by nearly two percent…
Category: Communities
Florida Topped the Third NSP Funding Round with $208.4 M
The continuing challenges faced by Florida must have prompted the U.S. Housing and Urban Development Department to give the state the biggest share of the $970 million granted by Congress to the…
Florida Third in First-Time Homebuyer Credits Claimed from 2008 to 2010
A total of 149,066 Florida residents claimed first-time homebuyer credits, which were essentially grants, when they purchased their homes through the period January 2009 to July 3 this year, based on Internal…
Where Has the $250M for Foreclosed Homes in South Florida Gone?
With the deadline for the allocation of money from the Neighborhood Stabilization Program nearing, housing advocates are wondering whether the more than $250 million given to South Florida to mitigate the effects…
Real Estate Sector: Good Things Amid the Bad
Optimists try to find rays of hope in bleak situations and refuse to be discouraged by negative developments. In the real estate sector, optimistic agents and brokers remain confident about their abilities…
Existing Condo Sales in Florida Surged in July
Sales of pre-owned condos in Florida increased by 11 percent in July to a total of 5,557 units, compared to the 4,991 condos sold in July last year, based on data from…
Delinquency Rate for Home Loans Slows Down
The drop in the national default rate for home loans in the second quarter is one sign that the housing sector is starting to stabilize. According to credit bureau TransUnion, which analyzes…
More Homeowners Mean More Stable Communities
If you’re buying a home, you’re not only giving your family a more comfortable and stable life, you’re also contributing to the stability of your community. Studies cited by the National Association…
Ten-Month Supply of Homes for Sale in the Tampa Bay Area
It’s still a buyer’s market in the Tampa Bay area, as there’s still a ten-month supply of homes for sale in the region as of July. Based on a recent report from…
Nearly 28,000 Vacant Lots in Tampa Bay for Home Builders
Home builders and other investors with plenty of cash reserves have the opportunity of a lifetime to buy lower-priced vacant home lots in bulk in Tampa Bay, as there are 27,923 vacant…