National Real Estate Blog

I am a realtor covering primarily Hernando County (Spring Hill, Brooksville and Weeki Wachee), who moved here from Long Island. I have a brother in Cape Cod, MA so I flew from Tampa to Providence, RI first to visit him. While vacationing with my brother and his family in the Cape, I of course as a [Read More]

A recent quote on CNN Sunday by Shaun Donovan, HUD Secretary, has caused plenty of turmoil in the real estate industry. After stating that a restoration of the homebuyer tax credit is "not off the table" and that it is "too soon to say" if the tax credit would be revived, Donovan's remarks sparked c [Read More]

Due to the expiration of the Homebuyer Tax Credit sales of existing homes were expected to fall and fall they did. During the month of July home sales dropped 27.2% in a monthly comparison, according to the National Association of Realtors (NAR).Sales are currently at the lowest level in over a deca [Read More]

Mortgage rates on a 30 year fixed rate mortgage broke another record last week, falling to 4.42%, according to mortgage giant Freddie Mac. These rates reflect the lowest rate seen since Freddie Mac began tracking rates in 1971.Freddie Mac collects mortgage rates from lenders across the country weekl [Read More]

According to a survey conducted by Bankrate, Inc., a online financial rate website, the closing costs across the nation are on the rise. National average shows that closing costs are nearly $1,000 more this year that they were in 2009.While here in Florida the closing costs have raised $381 in an an [Read More]

Mortgage rates hit another record low this week coming in at 4.44% on a 30-year fixed rate mortgage, according to mortgage giant, Freddie Mac. Mortgage rates are closely tied in with long-term treasury bonds and as investors continue to shift their money from stocks to treasury bonds, the yields con [Read More]

The $1.2 billion loss shown on the Financial statement of mortgage giant, Fannie Mae during the 2nd quarter is the smallest loss shown since the September of 2008! The quarter before showed a $11.8 billion loss! Although the financial condition of the government run company is improving, $1.5 billio [Read More]

A small decline in the percentage of US Homeowners that are struggling with and "underwater mortgage", a term used when what is owed on the home exceeds the value of the home, was evident in the second quarter, according to Zillow.com, a national real estate website.Although this nearly 2% decline i [Read More]

The foreclosure rate is rising as many of the nation's homeowner's fall behind in their monthly mortgage payments. According to RealtyTrac, Inc., more foreclosure warnings have been received during the first 6 months of this year than were distributed during the first half of 2009. The high unemploy [Read More]

Falling to 66.9% in the second quarter of this year, according to the Census Bureau, the average number of homeowners in the country has fallen to the lowest level seen in over a decade.Across the nation, the rates were the highest in the Midwest and the lowest in the west, while the Northeast and t [Read More]