Month: January 2013

FHA to tighten some loan rules

WASHINGTON – Jan. 31, 2013 – The Federal Housing Administration (FHA) announced a series of changes to be issued this week. Commissioner Carol Galante calls the changes “essential and appropriate” as the administration tries to bolster its cash reserves in…

Six Fla. cities in top 20 for foreclosure buyers

MELBOURNE, Fla. – Jan. 31, 2013 – Six Florida cities rank among the best places to buy foreclosures in 2013, according to a report by RealtyTrac. Topping a list of 20 metropolitan areas is Palm Bay-Melbourne-Titusville, the Irvine, Calif.-based real…

Outside remodeling has biggest return on investment

WASHINGTON – Jan. 30, 2013 – Homeowners looking for the most return on their investment when remodeling should consider exterior replacement projects. According to the 2013 Remodeling Cost vs. Value Report, Realtors® rated exterior projects among the most valuable home improvement…

Open House List for January 20th, 2013

We have a huge list of open houses this Sunday on the Treasure Coast! The above listings will have open houses this Sunday, January 20th, 2013. Most are from 1:00 – 4:00 pm, but call Rusty Abbott to confirm. The…

Fla. A.G. Bondi: $60M more available for housing

TALLAHASSEE, Fla. – Jan. 18, 2013 – Part of Florida’s mortgage settlement from the nation’s five largest mortgage servicers will be divided and used to fund housing-related activities, according to Florida Attorney General Pam Bondi. Bondi says the Legislative Budget…

U.S. rate on 30-year mortgage dips to 3.38%

WASHINGTON – Jan. 18, 2013 – The average U.S. rate on the 30-year fixed mortgage inched closer to its record low this week, helping to keep home buying more affordable. Mortgage buyer Freddie Mac says the rate on the 30-year…

Snowbirds race to snatch up Fla. housing bargains

TORONTO – Jan. 15, 2013 – Canadians have traditionally been the dominant foreign buyers of Florida real estate, but they’re finding increased competition from Asian investors who are reportedly pouncing on Florida housing and condo deals. “Some of our clients…