WASHINGTON – Oct. 25, 2012 – Mortgage giants Fannie Mae and Freddie Mac have issued new rules effective Nov. 1 that will allow short sales for underwater borrowers who have never missed a mortgage payment. Previously, Fannie and Freddie allowed…
Month: October 2012
FHFA: House Price Index up 0.7% in August
WASHINGTON – Oct. 24, 2012 – U.S. house prices rose 0.7 percent on a seasonally adjusted basis from July to August, according to the Federal Housing Finance Agency’s monthly House Price Index (HPI). The previously reported 0.2 percent increase in…
Homes are selling faster
WASHINGTON – Oct. 23, 2012 – Inventories of for-sale homes aren’t the only thing dropping. The amount of time homes stay on the market is growing shorter as well – down 11 percent in the last year – according to…
More luxury homebuyers opt for ARMs
NEW YORK – Oct. 23, 2012 – Once blamed as one of the culprits behind the flood of foreclosures in recent years, adjustable-rate mortgages are back and rising in popularity, particularly among luxury homebuyers, The Wall Street Journal reports. ARMs…
Construction in 4 Fla. cities up 9.6%
CHICAGO – Oct. 22, 2012 – For major-metro regions in Florida – Jacksonville, Miami-Fort Lauderdale-Pompano Beach, Orlando-Kissimmee-Sanford, Tallahassee, and Tampa-St. Petersburg-Clearwater – had an increase in actively bid construction projects, according to the third-quarter BidClerk Construction Index (BCI). This increase…
Martin County, Florida Real Estate Statistics & Trends – September 2012
In September of 2012, we saw some mixed data for the Martin County, Florida real estate market. Pending home sales (single family) rose 57.4% year-over-year, however closed sales dropped 18.2% (single family). We saw a drop in the inventory of…
Martin County, Florida Open Houses – 10/21/2012
Join us for open houses this Sunday, October 21st, 2012! Above is a list of homes for sale throughout Martin County, Florida that will be hosting open houses on 10/21/2012. Most are from 1:00 – 4:00 pm, but call 772-324-9250…
The Fed baits the mortgage hook
WASHINGTON – Oct. 15, 2012 – With the Federal Reserve buying billions of dollars worth of mortgage-backed securities, you might think that mortgage rates are poised to fall even lower than the current rock-bottom levels. Maybe you should wait on…
10/14/12 Open House List – Stuart, Palm City, Jensen Beach, Sewall’s Point, Hobe Sound Florida
Above is a list of open houses for Sunday, October 14th, 2012. Most are hosted from 1:00 – 4:00 pm, but call Rusty Abbott for details and directions. Open houses this weekend will be hosted throughout Martin County, Florida in…
Home equity payments up – first time since 2007
ATLANTA – Oct. 1, 2012 – Signaling a possible turning point in mortgage demand, home equity installment balances rose 0.3 percent in August – the first monthly increase since November 2007 – according to Equifax’s National Consumer Credit Trends Report.…