Florida Real Estate Blog | Florida Team Realty

Mortgage Rates Hit Low for Year

On June 14, 2010, in Buyer Tips, Florida Real Estate Blog, Mortgage, by Marc Vitorillo

Rates on 30-year fixed mortgages fell this week to the lowest level of the year and barely shy of the all-time low. Mortgage finance company Freddie Mac says the average rate sank to 4.72 percent, down from 4.79 percent last week. It was just above the record of 4.71 set last December. The average rate [...]

MultiFamily Builders Less Pessimistic

On June 11, 2010, in Florida Real Estate Blog, by Marc Vitorillo

The multifamily market showed signs of moving toward stability in the first quarter of 2010, according to NAHB’s Multifamily Market Index (MMI). The current production index for market-rent apartments jumped to 30.6 – 14 points higher than a year earlier – while future demand expectations for Class A apartments rose to 49.6 from 34 and [...]

Homeowners to Get Help with Troubled Loans

On June 10, 2010, in Florida Foreclosures, Florida Real Estate Blog, Seller Tips, by Marc Vitorillo

To reduce the number of foreclosure cases burdening the courts, the Florida Supreme Court ordered judges in the Sunshine State to implement a mediation program. The 12th Judicial Circuit covering Sarasota and Manatee counties has become the 10th to do so. Beginning June 21, owners of homestead properties in foreclosure will have an opportunity to [...]

Proposal: Florida Property Tax Breaks for Gulf Owners

On June 9, 2010, in Buyer Tips, Florida Property Tax, Florida Real Estate Blog, Seller Tips, by Marc Vitorillo

Gulf coast property owners impacted by the Deepwater Horizon oil spill could get a property tax break. Gov. Charlie Crist wants that issue to be discussed as part of a special session of the Florida Legislature that he hopes to call as early as next month. Chief Financial Officer Alex Sink pushed Crist to embrace [...]

HUD Adds Protected Category to Grant Program

On June 8, 2010, in Buyer Tips, Florida Real Estate Blog, HUD Grant Applications, by Marc Vitorillo

For the first time in its history, the U.S. Department of Housing and Urban Development (HUD) will require grant applicants seeking HUD funding to comply with state and local anti-discrimination laws that protect lesbian, gay, bi-sexual, and transgender (LGBT) individuals. In HUD’s published notice, it listed general requirements of the new rule that will apply [...]

Florida Existing-Home Sales Continue to Improve in April 2010

On May 24, 2010, in Buyer Tips, Florida Real Estate Blog, Seller Tips, by Marc Vitorillo

Florida existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors (NAR). Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units [...]

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