Archive for September, 2013

You can do it !!

Sunday, September 29th, 2013                                                ↑   CLICK HERE  ↑

Mortgage fraud risk declines, but more dollars at stake

Sunday, September 29th, 2013

Although the risk of mortgage fraud is declining, an increase in mortgage applications due to the rebounding housing market means more dollars are at stake for lenders, according to a quarterly report from real estate information and technology firm CoreLogic. Fraud risk among U.S. mortgage applications fell 5.6 percent year over year in the second…Read More »

A 20-year legal battle over a water management district’s condition for development is over — sort of.

Friday, September 27th, 2013

Early in her legal career, working for her father’s property rights law firm in south Florida, Amy Brigham Boulris took an interest in “exactions” — cases in which jurisdictions impose conditions on landowners before development can occur. For years, she closely followed the case of Coy A. Koontz, a Florida businessman who purchased 15 mostly…Read More »

Cash sales’ share of total purchases skyrockets by nearly a third in 2 months

Thursday, September 26th, 2013

All-cash home sales skyrocketed during the summer of 2013, with their share of total sales growing by close to a third from June to August amid sustained appetite from investors, a recent spike in interest rates and tight inventory. Cash purchases’ share of total sales leaped to 45 percent in August from 39 percent in…Read More »

Orlando is nation’s fifth ‘booming’ housing market

Friday, September 20th, 2013

     No. 10: Portland home prices increased 14 percent year-over-year to $270,000. Highest-rated public school: Lake Oswego School District 7J/School Score 9.6   Sure, the weather’s great and we’ve got plenty of activities for princesses and wizards, but economic development officials and professionals often speak highly of Central Florida’s schools. And now, a new ZipRealty report…Read More »

Borrowing to the Max for a Home

Wednesday, September 18th, 2013

Q. I am planning on buying a condominium and I can afford to pay as much as half of it with cash. But with mortgage rates going up nearly every week, should I get the largest loan that I can qualify for now? I know I won’t be able to borrow at these relatively low…Read More »

Claim energy efficiency tax credit for homeowners before it’s gone

Monday, September 16th, 2013

  The federal government wants to encourage homeowners to make their homes as energy efficient as possible. To do so, back in 2005 Congress enacted a tax credit for “nonbusiness energy property.” This was a tax credit (subject to a $500 lifetime cap) for certain energy efficiency improvements to a taxpayer’s existing principal residence. The…Read More »

What’s Your Market’s Median Home Price?

Saturday, September 14th, 2013

Interactive Median Home Price Map Zoom in to your metropolitan statistical area to get the latest quarterly median home price for your market, and its percentage change from the previous quarter. View Metropolitan Sales Areas Q2 2012 in a larger map

2.5 million mortgage borrowers no longer underwater

Wednesday, September 11th, 2013

Miami has the highest percentage of underwater borrowers among metro areas. NEW YORK (CNNMoney) Thanks to a sharp increase in home prices last quarter, 2.5 million more mortgage borrowers no longer owe more on their homes than they are worth, according to CoreLogic. By the end of June, 7.1 million, or 14.5%, of mortgage borrowers…Read More »

Rise in interest rates could be overdone, or just starting

Saturday, September 7th, 2013

The first week of each month always brings the most news, the most important news and the newest news. The net result of this week’s load: a brief pause in the next leg up in long-term rates. For 40 years, one of the most reliable economic indicators has been the monthly survey of manufacturing purchasing…Read More »