Timing A Market By: STEVE BAILEYSource: New York Times Online Published: December 4, 2008 Are you thinking that this might be the time to buy a second home, that weekend getaway that you’ve always wanted? Or, are you struggling financially and feeling pressure to sell your own weekend home? How can a buyer know that […]
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Plan to modify Fannie, Freddie loans will help some,but more needs to be done, experts said. By Tami LuhbySource: CNNMoney.com Date: November 11, 2008 NEW YORK (CNNMoney.com) — The federal government’s plan to streamline modifications of troubled loans held by Fannie Mae and Freddie Mac won’t help the majority of people threatened with foreclosure, experts […]
Slowing Sales of Luxury PropertiesReveal ‘Trophy Homes’ Weighing Owners Down By: Christina S.N. LewisSource: Wall Street JournalDate: October 31, 2008 As the luxury real-estate market slows to a snail’s pace, real-estate brokers find themselves struggling to sell a growing number of “trophy homes” that are quietly gaining a new title: white elephants. The term hails […]
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By THE ASSOCIATED PRESS Published: September 24, 2008 WASHINGTON — A trade group for real estate agents says sales of existing homes fell 2.2 percent in August, but the number of unsold homes on the market also dropped sharply from the previous month’s record high. The National Association of Realtors says sales fell to a […]
September 12, 2008Source: Wall Street Journal (wsj.com)By: Justin Lahart Wellesley College economist Karl Case, the “Case” in the widely followed S&P/Case-Shiller index of U.S. housing prices, says he thinks that the housing market may be near a bottom. If he is right, financial firms may be able to breathe a sigh of relief. At its […]
NEW YORK – Sept. 10, 2008 – A drop in mortgage rates that’s accelerated since the government said it would take over Fannie Mae and Freddie Mac has raised hopes that more buyers might be drawn into the housing market and help reverse the worst slump in decades. Analysts caution, however, that the benefits of […]
By Alan ZibelThe Associated PressSeptember 6, 2008 WASHINGTON – More than 4 million American homeowners with a mortgage, a record 9 percent, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said Friday. Meanwhile, Florida leads the nation with […]
By Maria HerreraSouth Florida Sun-SentinelThursday, September 4, 2008 Delray Beach – It will cost more to flush a toilet in Delray Beach. Officials gave initial approval Wednesday to increasing water, sewage and trash pickup rates. “It’s is better to increase it a little each year than all at once,” said City Manager David Harden, who […]
Delray Beach to Increase Tax Rate, but Most Homeowners Will See Smaller Bill By DON JORDANPalm Beach PostWednesday, September 03, 2008 DELRAY BEACH — The city commission approved a tentative $147 million budget tonight that will cut taxes for most residents, but offer less money for police enforcement, park maintenance and other city services. The […]