Down Payment Programs Hope To Boost Buyers

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Many experts and industry insiders expect this spring’s selling season to be an improvement over last year’s. Historically low mortgage rates and improvement in the job market are among the top reasons for the increased optimism. But, according to Freddie Mac’s Dave Lowman, executive vice president of single-family business, there is another reason to expect prospective home buyers to be …

Housing Market Ready To Shift Gears

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Each month, Fannie Mae’s Economic & Strategic Research Group releases an updated outlook on the housing market and economy. According to the most recent report, falling unemployment and rising incomes should help the pace of the housing recovery shift gears in the months ahead. Doug Duncan, Fannie Mae’s chief economist, said things should pick up this year after an uneven …

What Type Of House Are Buyers Looking For?

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Typically, spring signals the housing market’s busiest season. But as potential home buyers ready themselves to hit the streets in search of their dream house, what type of house will they be looking for? According to the 2014 National Association of Realtors’ Home Buyer and Seller Generational Trends Report, it depends on their age group. For example, 80 percent of …

Mortgage Rates Fall After Recent Increases

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According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates fell last week, after rising slightly in previous weeks. The survey – which covers 75 percent of all retail residential mortgage applications – found that rates were down across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, as well as loans backed by the …

Majority Of Markets Returning To Normal

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Freddie Mac’s Multi-Indicator Market Index monitors the stability of the housing market by comparing current conditions to long-term normals in categories such as applications to buy homes, payment-to-income ratios, on-time mortgage payments, and the job market. According to its most recent release, nearly 80 percent of the nation’s housing markets are stabilizing. In fact, 38 of 50 states are now …

Most Americans Say They Want A Bigger House

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According to the results of a recently released survey, most Americans say they wish their home was a different size. The survey, conducted by Trulia, asked 2,000 Americans about the size of their current and ideal house and broke the results down by generation. Overall, 40 percent of respondents said their home was the right size, while 43 percent said …

Contracts To Buy Homes Hit 18-Month High

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The number of contracts to buy houses signed during the month of January was the highest its been since August 2013, according to a new report from the National Association of Realtors. The Pending Home Sales Index – a forward-looking indicator of future home sales – rose 1.7 percent over the previous month and is now 8.4 percent higher than …

New Home Sales Unchanged From Month Before

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New estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development show sales of new single-family homes relatively unchanged in January from December’s figure. In fact, the number of new homes sold dropped just 0.2 percent from the month before and, compared to last January, was up 5.3 percent. The report was a good sign …

Save On Property Taxes With Homestead Exemption

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If you were one of the many that purchased a new primary home with me in 2014, please make sure you file for your Florida State Homestead exemption before the March 1st deadline! I have attached a copy of the homestead flyer for your convenience. And, you can also visit www.ocpafl.org and file online, it is the easiest way to do it. Do not miss …

Mortgage Rates Climb Again Last Week

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According to the Mortgage Bankers Association’s Weekly Applications Survey, mortgage rates rose again last week with increases seen across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. Though rates remain historically low, the increase caused a decline in refinance activity, which fell 8 percent …