Passenger traffic at the new Northwest Florida Beaches International Airport has increased dramatically over traffic at the old Panama City airport, surpassing passenger traffic at both the Northwest Florida Regional Airport in Okaloosa County and the Tallahassee Regional Airport for the month of August. Passenger traffic at the new airport, measured by adding both outgoing [...]
- Existing Home/Condo Sales Rise In Florida
September 23, 2010 By Leave a Comment
Sales of existing homes in Florida rose 1% in August, with a total of 13,997 homes sold statewide compared to 13,908 homes sold in August 2009, according to the latest housing data released by Florida Realtors®. Statewide existing home sales in August increased 3% over statewide sales activity in July. Ten of Florida’s metropolitan statistical [...]
- Bill Should Accelerate Short Sales
September 17, 2010 By Leave a Comment
Property owners underwater on their mortgage may find relief through a bill strongly supported by the National Association of Realtors®. The bill, if passed by Congress and signed by President Obama, would force lenders to respond to a short sale request within 45 days. The legislation, H.R. 6133, ‘Prompt Decision for Qualification of Short Sale [...]
- Short Sales – A Slow Process
September 16, 2010 By Leave a Comment
Despite industry and the federal government efforts to make short sales (transactions in which the lender agrees to accept less than the mortgage amount owed by the owner) easier and more quickly accomplished, improvements are coming up short. In some cases, the difference between the two numbers is being forgiven by the mortgage lender. In others, [...]
- Fannie Mae And Florida Condo Financing
September 15, 2010 By Leave a Comment
Fannie Mae is approving new Florida condominiums for financing at a clip of more than 15 per month and has cleared 123 projects through the first eight months of 2010. That condo sales pace represents a ‘seismic policy shift’ in Fannie Mae’s outlook for the state; just 87 new properties were mortgage worthy last year, [...]
- More Foreclosures Could Fuel Further Price Declines
September 15, 2010 By Leave a Comment
More foreclosures could move onto the market as borrowers fall out of the government’s loan-modification program. That, coupled with weak demand could lead to lower home prices across the board. Over the past two years, the pattern has become clear … the more homes that are being sold by lenders, the faster prices will fall. [...]
- Mortgage Rates Climb To 4.35%
September 10, 2010 By Leave a Comment
Mortgage interest rates edged up last week as investors’ fears about the economy eased a bit. The average rate for a 30-year fixed loan was 4.35%, up from 4.32% the week before. It was the second rise in the past 12 weeks. The average rate on a 15-year fixed loan remained at 3.83% after falling last [...]
- Decades Low Mortgage Rates Hit 4.32%
September 3, 2010 By Leave a Comment
