Category: Market News

State forecasts property value increases

TALLAHASSEE, Fla. – Aug. 4, 2011 – In a sign that Florida’s housing market may be on the road to recovery, the state’s top economist expects an increase in school property tax rolls next year of 1.3 percent. Though that…

Wealthy Americans upgrade to pricier primary homes

NEW YORK – July 13, 2011 – Amid still-depressed housing numbers that dominate headlines, a new survey by the independent New York City-based Luxury Institute and the Institute for Luxury Home Marketing finds that high net-worth U.S. homeowners are taking…

NAR asking homeowners for help

WASHINGTON – July 11, 2011 – Starting today, the National Association of Realtors® is contacting 6 million consumers nationwide by email. Those consumers will be asked to participate in a Consumer Call for Action regarding the Qualified Residential Mortgage (QRM)…

Unemployed homeowners get more relief

Under the policy changes, mortgage companies collecting payments on Federal Housing Administration (FHA)-backed loans will be required to offer 12 months of forbearance for qualified unemployed borrowers, the White House said in a release. Out-of-work borrowers with these loans now…

U.S. bill would reorganize Fannie/Freddie

WASHINGTON – July 8, 2011 – The National Association of Realtors® (NAR) announced support yesterday for plan to reorganize the secondary mortgage market, which includes Fannie Mae and Freddie Mac. The secondary market buys loans originated by local lenders, which…

About Rusty…

Rusty Abbott has been a Treasure Coast resident since 1994. Growing up in Vero Beach, he graduated from Saint Edward’s School, and then went on to earn his bachelor’s degree from the University of Florida. He learned the real estate…

‘Not enough’ done on housing, Obama says

WASHINGTON – July 7, 2011 – President Obama made a rare admission of a policy misstep Wednesday, acknowledging that his administration failed to provide enough support to struggling homeowners and recognize the scope of the nation’s housing crisis. Despite predictions…