From the monthly archives:

November 2010

REO selling agents for Fannie Mae and Freddie Mac have been given the go ahead to restart transactions that had been suspended due to potential problems with the legal paperwork, known as the “Robo-signer” scandal. The GSEs were forced to temporarily halt the sale of certain properties two months ago when news surfaced that some […]

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October 2010 home sales are down from 2009 for most of the country. Most areas of Florida also saw decreases in home sales. A number of reasons were cited, including the boost in 2009 from the home buyer tax credit, and new stricter mortgage lending guidelines. Interestingly, nationwide 29% of homes sold for cash and 34% […]

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West Palm Beach Area Foreclosures to Increase

by Rodney Forbes on November 24, 2010

Bank foreclosure/REO property inventories are expected to increase in the West Palm Beach Florida area over the next 24 months. By how much nobody knows. However, according to the National Association of Realtors, as many as 4 million foreclosed homes may come on the market nationwide in the next 2 years. A normal year of […]

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Is it Finally Time to Buy a Home in West Palm Beach FL?

by Rodney Forbes on November 15, 2010

Home prices in West Palm Beach Florida have been in a serious decline for several years. How long has it been since average prices were this low? Does it mean the time is finally right to buy a home, whether a foreclosure or short sale? Have we reached the bottom in Florida? The following chart […]

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