Hot Property

Interest Rates Falling - Home Demand Rising

According to Freddie Mac, 30-year-fixed-rate mortgage average fell further to 4.87 percent with an average 0.7 point for the week ending Oct. 8 from 4.94 percent. “Such low rates are spurring mortgage demand,” said Frank Nothaft, Freddie Mac vice president and chief economist, in a statement.
“Interest rates for 30-year fixed-rate loans were the lowest since [...]

Extend the $8000 Homebuyer Tax Credit?

Homebuyer tax credit best tool for sustaining housing recovery
WASHINGTON - Oct. 8, 2009 - The best tool for sustaining the still-fragile housing market is the $8,000 homebuyer tax credit, and it’s essential that Congress extend the credit into 2010, the National Association of Realtors® (NAR) testified at a hearing of the U.S. House Small Business [...]

NATIONWIDE INSURANCE DROPS FLORIDA HOMEOWNERS

Nationwide Insurance Co. of Florida has announced plans to drop about 60,000 home insurance policies.
The company announced Wednesday that it would not be renewing nearly half of its 129,000 home insurance policies in Florida, starting in July 2010.
Nationwide spokeswoman Nancy Smeltzer says the company made the decision to maintain viability and manage risk. The company [...]

Property Appraisal is an ART, NOT a SCIENCE.

PROPERTY APPRAISAL IS AN ART, NOT A SCIENCE.
That’s what Florida law says.   It’s an art!  However, unlike a piece of art you may purchase from a gallery,  you have no choice in who the artist is or the quality of the piece you are buying.  That is if you are involved in a real estate [...]