Florida Real Estate News
"Cherry-picked" positive
Florida real estate news
HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS
Measure to help bring stability to home values and accelerate sale of vacant properties
In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high (which is essentially everywhere), HUD made a surprising announcement yesterday of a positive change of policy that will expand access to FHA mortgage insurance allowing for the quick resale of foreclosed properties by investors. This change allows home-buyers to buy and resell immediately without having to wait the 90-days for title seasoning... good news for home-buyers who purchase, improve and resell properties at an affordable price to homeowners.
Read HUD's announcement by clicking here. NAR: Record streak for pending home sales
The Index, up 6.4% in Sept., has increased for seven straight months - the longest upsurge since the series began. Read more.
UF economist: Real estate recovery has begun.
Speaking to real estate executives on Friday, David Denslow predicts even better times when the baby boomers retire. Read more.
UF: 'Cautious optimism' for Fla. real estate
Study calls job market key to real estate resurgence and finds positive economic trends, such as higher confidence by investors. Read more.
Existing home sales show signs of recovery
U.S. housing market appears on the mend after worst collapse in 70 years, with increased sales in 40 of 55 major markets. Read more..
It's a buyer's market for home sales
Low interest rates and abundant inventory are attracting homebuyers, along with a tax credit for first-time buyers. Read more.
Florida is a business-friendly state
"Not only is Florida a great place to call home, it's a great place to do business," says 2009 FAR President Cynthia Shelton. Read more.
Low rates keeping homes affordable
Mortgage applications and refinancings are on the rise; a Bankrate study shows closing costs at 2007 levels. Read more.
International buyers believe in Fla.
According to Gerson Lehman Group, international buyers believe the Florida housing market is poised for recovery. Read more.
REALTORS SEE BUYERS RETURNING TO MARKET
"There has never been a better time to buy," says NAR, thanks to low mortgage rates and increased affordability. Read the full story.
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Reports generated from data
provided by Mid Florida Regional Multiple Listing Service and
believed to be accurate as of the time indicated in the report
but no guarantee of accuracy is implied or expressed. Service
is subject to availability of the data sources indicated.
| Listing
Price |
Reduced Price |
Price
Reduction: |
Location |
$582,000 |
$418,000 |
$164,000 |
Lutz (Tampa) |
$479,900 |
$324,900 |
$155,000 |
Tampa |
$347,850 |
$250,000 |
$97,850 |
Tampa |
| $415,000 |
$350,000 |
$65,000 |
Apopka (Orlando) |
$439,900 |
$399,900 |
$40,000 |
Winter Park (Orlando) |
(Examples may not be current)
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