When the stars and planets align or however you wish to say it, a SHIFT is going to happen. Here in the Tampa Bay area, we are seeing encouraging changes in our market. Today, the FED announced it’s start of the $500 BILLION they are going to infuse our troubled Housing Market with. Read on: [...]
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Hot Property Historic Alafia River – 2.5 acres with 450 feet of beautiful riverfront. Just minutes from FishHawk and no HOA!!450 feet of ALAFIA RIVER at it's finest For Sale $249,900 |
FHFA ANNOUNCES HOME VALUATION CODE OF CONDUCT Washington, DC – Federal Housing Finance Agency (FHFA) Director James B. Lockhart announced that Fannie Mae and Freddie Mac will implement a revised Home Valuation Code of Conduct (Code) effective May 1, 2009. The Code is based on an agreement between the Enterprises, the New [...] FHFA ANNOUNCES IMPLEMENTATION PLANS FOR STREAMLINED LOAN MODIFICATION PROGRAM Washington, DC – Representatives of the Federal Housing Finance Agency, Fannie Mae, Freddie Mac and Hope Now announced today that the Streamlined Modification Program (SMP) was launched December 15th as planned. The SMP, which was developed by FHFA in conjunction with Fannie Mae, Freddie Mac, [...] With the large drop in new construction, Team Sumberg anticipates the SHIFT from Buyer’s Market to Seller’s Market. Keep your eyes open because when these shifts happen, they often happen over night. If you are thinking about buying a home, now is the time to be shopping! Below is an AP article about this unexpected [...] HOUSING RECOVERY BY SPRING? Team Sumberg expects the Tampa Bay Market to show positive signs early in 2009. Existing homes are selling, new construction is practically non-existent and people are still moving to Florida. Add to this the anticipated drop in Mortgage Rates and we may see that awaited SHIFT which moves us from Buyers [...] FHFA September Foreclosure Prevention Report Released Washington, DC – James B. Lockhart, Director of the Federal Housing Finance Agency today released the September monthly Foreclosure Prevention Report, which provides comprehensive monthly data on the loss mitigation efforts of Fannie Mae and Freddie Mac as well as information on delinquencies, foreclosures initiated and foreclosures completed. [...] This USA Today article may be a little extreme but it does make some valid points. Sellers need to move on and set their expectations to today’s market, not yesterday’s. For Tampa Bay property information, contact Team Sumberg info@TeamSumberg.com WASHINGTON – Dec. 12, 2008 – More room to fall? For every $100 spent on a [...] Taxpayer risk reduced: Almost 400,000 policies removed from Citizens Property Fourteen Florida-based insurers have taken 361,324 homeowners’ policies from state-run Citizens Property Insurance, reducing Citizens’ exposure to hurricane claims by nearly $100 billion. At the end of November, Citizens had 1,093,138 policies on its books, representing $411.7 billion in exposure. Another 25,000 policies are expected [...] The Cover Florida health care program, which offers reasonably-priced health coverage to uninsured Floridians, is set to launch Jan. 5, 2009. Today, six health insurance providers signed contracts at a ceremony attended by Gov. Charlie Crist, FAR Vice-President of Public Policy John Sebree and other dignitaries. Sebree believes about 30 percent of Florida Realtors® do [...] Now, this is exciting. Recession-shmession. As part of its plan to revitalize Hyde Park Village, Wasserman Real Estate Capital has enticed Cobb Theatres to open its upscale CineBistro at the 275,000-square-foot retail project. Hey, when I was a kid, I used to toss the Tampa Times evening newspaper in this neighborhood. You remember the [...] |
Featured PropertyHistoric Alafia River – 2.5 acres with 450 feet of beautiful riverfront. Just minutes from FishHawk and no HOA!!450 feet of ALAFIA RIVER at it's finest For Sale $249,900 |
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