Yes, believe it or not, it's that time again. Winter has passed, and it's time to open up the windows, break out the brooms, step outside, and start cleaning up our seasonal burrows. We know it's not the funnest activity in the world, but it's important! Remember, your home is your investment, and going through an annual cleaning/maintenance check can not only increase its value, but can also save you future headaches in the long run.
With mortgage rates dropping for the sixth week in a row, including a record low average of 3.67 percent on 30-year plans, as well as perceived expectations for an increase in home values in the immediate future, Americans are much more open to purchasing homes at this time.
The Pending Home Sales Index fell in April after three months of steady growth, although the index as a whole was still greater than it was at this time last year.
Foreclosures dropped in April by about 12,000 as more potential buyers look to buy REO properties.
The Orlando Business Journal reported that Lennar Homes LLC, Mattamy Homes Corp., and David Weekley Homes LLC spent a combined total of over $20 million on home lots in the Orange County area. All three builders are local to Central Florida.
Laurie Goodman is a housing analyst with 28-years of experience in studying mortgage-backed securities for big investment banks. She spoke to CNN's Money Magazine on the idea of housing bailouts and the necessity for banks to be open to working with borrowers to stave off foreclosures.
Florida may be the envy of every other state in terms of weather, but it can be pretty rough on your home. It’s important to be diligent in checking things over from time to time, as just a few minutes of cleaning and maintenance can forestall some major problems. Not to mention save you a ton of money while ensuring the value of your home.
Post discussing options for luxury real estate owners utilizing short sales or strategic default.
Why are some analysts saying that 2012 is the year of the short sale? A overwhelming number of upcoming foreclosure filings, level-headed and realistic homeowners, and forecasts of further decline in home value add up to homeowners making a business decision to short sale their home.