Analysts say that the huge number of home loans offered in previous years with no down or low down payments are to be blamed for the foreclosure crisis, as these loans attracted…
Category: Market Trends
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…
Top Mortgage Lenders in Customer Satisfaction
If you’re planning to get a loan to buy a home, consider choosing from the mortgage lenders and servicers chosen by 4,516 homeowners interviewed by J.D. Power in its primary mortgage service…
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…
Cheaper Home Loans from Smaller Banks and Credit Unions
Home loans are now cheaper, as mortgage rates continue to fall. According to Freddie Mac, the 4.44-percent average rate for fixed-rate 30-year mortgages on August 12 was the lowest rate recorded by…
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…
Nearly 93,000 Bank Owned Homes Added to Lists in July
A total of 92,858 residential units across the U.S. became bank owned homes in July, according to the latest report released by RealtyTrac. The total marked an increase of 9 percent over…