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by Rodney Forbes on June 29, 2009
With the real estate market in south Florida still trying to recover, so much attention has been given to the $8000 First Time Home Buyer Tax Credit. It certainly has helped with getting many buyers off the fence to take advantage of affordable home prices and low interest rates. So much attention has been given [...]
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by Rodney Forbes on May 22, 2009
The following excerpt from an article in the Press-Enterprise is welcome news for people who have been trying to facilitate short sale transactions. Whether it’s the buy, seller or Realtors involved, short sales have a bad reputation when it comes to getting the sale complete. I guess the banks are finally stating to realize [...]
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by Rodney Forbes on May 7, 2009
This is the daily south Florida market update. Today’s update is for West Palm Beach. Market activity has really picked up due to record low interest rates, home prices at 2003-2004 levels and the efforts by the federal and state governments to get first time home buyers to make the move. Short sales and distress, [...]
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by Rodney Forbes on April 30, 2009
The Federal Reserve on Wednesday said it see signs the recession may be easing, but warned that the economy is likely to remain weak. Against that backdrop, Fed Chairman Ben Bernanke and his colleagues left a key interest rate at a record low of between zero and 0.25 percent, and decided against taking any new [...]
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by Rodney Forbes on April 14, 2009
Embedded video from CNN Video This video is a great example of what bargains are out there for home buyers, especially first time home buyers. Foreclosures and short sales make up the majority of pending home sales in the Palm Beach Gardens and the Palm Beach County area. I bought my first home in the [...]
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by Rodney Forbes on April 14, 2009
First time home buyers Katherine and Haas weren’t sure if they could qualify for their first home. They certainly weren’t ready to get an almost new home for 50% of what it sold for 3 years ago. The 4 bedroom 3 bath bank owned property in Port St. Lucie sold in 2006 for $292,000. Katherine [...]
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by Rodney Forbes on April 14, 2009
Rodney Forbes with Forbes Realty of South Florida discusses the real estate market conditions in Palm Beach Gardens Florida for the week of April 6, 2009. Of the pending sales, over 50% are short sales and bank owned properties. Buyers are responding to low interest rates, prices that are below 2004 levels and government stimulus [...]
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by Rodney Forbes on April 11, 2009
Rodney Forbes with Forbes Realty of South Florida discusses the real estate market conditions in West Palm Beach Florida for the week of April 6, 2009. Of the pending sales, 60% are short sales and bank owned properties. Buyers are responding to low interest rates, prices that are below 2004 levels and government stimulus efforts [...]
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by Rodney Forbes on April 5, 2009
Article by Rodney Forbes So you’ve been reading the news about housing recovery, government tax credits and record low interest rates. Or maybe you’ve gone to a real estate seminar or taken a course on buying foreclosures and bank REO’s. Buying a bank owned property can be a great way to buy a home well [...]
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by Rodney Forbes on April 5, 2009
The government is continuing to push the recovery through real estate. The impact of low interest rates, first time home buyer tax credits and affordable prices, more people are making the move to buy. Any recovery in the economy will be started by a positive move in the real estate markets. Rates on prime mortgages [...]
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