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Many analysts are concerned for the housing market after the federal tax credit expires at the end of this month, but have no fear; more incentives are coming!   As existing home sales are on the rise, new home starts are starting to move again, however they are moving slowly.  Builders [Read More]

Here in Jacksonville, the unemployment rate is dropping, existing home sales are on the rise, pending sales and house start applications are also seeing a jump! According to Fannie Mae Chief Economist Doug Duncan, "Financial conditions are improving as seen by the unwinding of various progra [Read More]

The Obama Administration devised a foreclosure prevention program, Home Affordable Modification Program (HAMP) that enabled troubled homeowners to reduce their mortgage payments to 31% of their pre-tax income.  After following the guidelines during the homeowner’s trial modification of t [Read More]

Fannie Mae made an announcement last week offering a six-month relief on mortgage payments to homeowners suffering with Chinese Drywall, in addition, the relief will not be recorded to the credit bureaus.  In response to the announcement, three US Senators have requested that the same relief b [Read More]

The time is drawing near for the expiration of the Home Buyer Tax Credit!  In an effort to stimulate the national housing market, Congress extended and amended the First Time Homebuyers Tax Credit from November of 2009 until the end of April of 2010 and to also include current homeowners looki [Read More]

Housing starts across the nation rose 1.6% in March, according to the Commerce Department; these stats mark a rise to the highest level seen since November of 2008.  Analysts believed the starts would rise to approximately 610,000 units; the actual 626,000 units were unexpected. The Commerce [Read More]

Yes, you heard that right! Farmer John's known for their awesome breakfasts and great lunches too, will be closing on May 6th so that they can enjoy their summer here in Florida and will re-open around Labor Day weekend in September. So, if you've been thinking of going to breakfast there, you will [Read More]

Buying a home is hard enough but trying to do it without a Realtor can be a nightmare. There are three reasons someone might try to sell their home themselves: 1. They don't want to pay a real estate commission 2. They think their house is worth more than it is 3. They have something to hide Mo [Read More]

A cool $30 million from the Neighborhood Stabilization Program has been given to Pasco County, Florida to be used to purchase distressed or foreclosed properties, make necessary repairs and resell the homes to lower income families.  This marks the second set of Federal monies that has been gi [Read More]

As I was having my coffee this morning and reading the paper, I saw good news for a change. Our economy in Hernando County is improving. As a realtor, I have been very busy, but there are so many negative people who say, "no" it's not. I thought maybe it was a fluke and my business pa [Read More]