Team Sumberg with Keller Williams Realty would like to share the long awaited guidelines for the bridge loans offered by the The City of Tampa and the State of Florida to help you become a homeowner. For a very short period, funds are available to help you take advantage of a special federal income tax refund [...]
Team Sumberg and Keller Williams Realty is always striving to bring you the most up to date information for home ownership. You no longer have to totally eliminate houses that need a little work from your search for a home. If you are thinking about buying a Bank Owned, HUD, or short sale property that needs repair, [...]
Housing affordability is reaching record levels with nearly 73 percent of all homes sold in the first three months of 2009 considered affordable. That’s the highest percentage ever reported by the 18-year-old, quarterly Housing Opportunity Index, compiled by the National Association of Home Builders and Wells Fargo Bank. To be considered affordable, a family making [...]
Statement of Patrick J. Lawler, Chief Economist Federal Housing Finance Agency Before the House Financial Services Committee Subcommittee on Housing and Community Opportunity “Examining the Making Home Affordable Plan” March 19, 2009 Statement of Patrick J. Lawler, Chief Economist Federal Housing Finance Agency House Financial Services Committee, Subcommittee on Housing and Community Opportunity March [...]
WASHINGTON, DC – The Federal Housing Finance Agency has sent to the Federal Register this interim final rule. The rule implements sections of the Housing and Economic Recovery Act of 2008 (PL 110-289) HERA, which required their submission within 180 days of its enactment on July 30, 2008. Enterprise Portfolio Holdings For [...]
Rates on 30-year mortgages set a record for a fifth straight week by dropping to below 5 percent, the lowest mark since Freddie Mac started tracking the data in 1971. Mortgage rates have been dropping since late November, when the Federal Reserve said it was going to pump money into the banking system by buying [...]
As home mortgage rates have fallen to their lowest point since the 1960s, the cost of financing a home has fallen more than a full percentage point since this time last year. The drop results in savings of more than $100 a month on payments for a $150,000 loan. No wonder applications to refinance homes [...]
Team Sumberg, other Realtors and the National Association of Realtors will ask congress to pass a 4 Point Housing Stimulus Bill in November, after the elections. Here in the Tampa Bay area, these 4 changes will make a huge difference in our housing market! 1. Remove the requirement in the current law that first-time homebuyers [...]
Sept. 29, 2008 – The state of Florida will receive $541 million in new federal foreclosure funds to prevent further home loan defaults and combat the effects of blight caused by the growing tide of abandoned properties, U.S. Housing and Urban Development Secretary Steve Preston announced Friday. Team Sumberg is involved in local affordable housing [...]
It is my pleasure to announce that Team Sumberg, Keller Williams Realty, and the Greater Tampa Bay Area Realtors (GTAR) will be participating in a Blitz Build with Habitat for Humanity in October. The Affordable Housing Committee will be providing breakfast on Sunday, October 12 for the crews. You do not need to be an [...]