Altos: Critics Are Wrong About Where Housing Is Headed

In Pinellas County, specifically the beaches along the barrier islands from Clearwater Beach, St Pete Beach, the housing market is strong and prices continue to rise.

Altos: Critics Are Wrong About Where Housing Is Headed.

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FHA Program Puts Ex-Home Owners on Track to Buy Again Sooner

Start searching for your next home, you may be able to buy now, before prices and/or interest rates go up.

FHA Program Puts Ex-Home Owners on Track to Buy Again Sooner.

Tax Reform Proposal Would Impact Every Single American

Tax Reform Proposal Would Dramatically Alter Housing Landscape.

Buyers of Foreclosures Need to Act Fast

Some Buyers of Real Estate feel that if there is a lot of interest on the house they rather pass on it because they “don’t to get in a bidding war”.  That might be a mistake. The best properties, listed at competitive prices generate a lot of interest, and you might be passing out on a home that you like, that you could possibly get at a bargain price.

I don’t know what your experience is, but I have to strongly and passionately pursue  everything I really want out of life.  The attitude of “it will be if it’s meant to be” has never worked for me. Sure I have faith, and I pray, but I also go for it. It is fine if something does not work out as I planned, but at least I know I gave it my best shot.

Now that the market is changing, it is very important to go after the good deals, act fast, and yes, get into the bidding wars. I’ll help you “fight for it”.

Read more……

Buyers of Foreclosures Need to Act Fast.

I love what I do. You’ll love the results.

New Citizens Property Insurance Corp. Rule – Required Inspection

Any homes 30 years or older, will be required to have a passing 4 point inspection after September 1, 2012.  This means that any home built in 1982 or earlier, and closing after September 1st must have and pass the additional inspection.

What does 4 point inspection mean?

The 4-point means that the inspector will examine the home to make sure that it is up to code. It covers the main four points in a home:

Plumbing          Electrical          Roof        HVAC

Other insurance companies have asked for this inspection for many years, so this is not going to be a surprise for many people.

For Third Week, Mortgage Rates Inch Higher

Fixed-rate mortgages once again inched up this week, the third consecutive week of increases after reaching all-time lows, Freddie Mac reports in its weekly mortgage market survey.

“The latest economic indicators point toward low inflation but gradually stronger economic activity which placed further upward pressure on long-term Treasury yields and, in turn, fixed mortgage rates,” Frank Nothaft, Freddie Mac’s chief economist, said about why mortgage rates have been reversing course in recent weeks.

Here’s a closer look at mortgage rates for the week ending Aug. 16:

  • 30-year fixed-rate mortgages: averaged 3.62 percent, with an average 0.6 point, this week, increasing from last week’s 3.59 percent average. A year ago at this time, 30-year rates averaged 4.15 percent.
  • 15-year fixed-rate mortgages: averaged 2.88 percent, with an average 0.6 point, rising from last week’s 2.84 percent average. Last year at this time, 15-year rates averaged 3.36 percent.
  • 5-year adjustable-rate mortgages: averaged 2.76 percent, with an average 0.6 point, falling slightly from last week’s 2.77 percent average. Last year at this time, 5-year ARMs averaged 3.08 percent.
  • 1-year ARMs: averaged 2.69 percent, with an average 0.4 point, rising from last week’s 2.65 percent average. A year ago at this time, 1-year ARMs averaged 2.86 percent.

Source: Freddie Mac/Realtor Mag

Home Prices Perk Up

It’s what all home owners have been waiting for. For the last 12 months ending in May, U.S. home prices have increased 3.7 percent, according to the Federal Housing Finance Agency’s latest House Price Index. Read more….

Home Prices Perk Up.