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by Rodney Forbes on November 29, 2010
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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by Rodney Forbes on October 22, 2009
As the November 30th deadline approaches to take advantage of the federal $8,000 First Time Home Buyer Tax Credit just about everyone in the real estate business, including buyers and sellers, are hoping the credit will be extended into 2010. The tax credit has a lot to do with the turn around in the Florida [...]
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by Rodney Forbes on June 30, 2009
I get asked questions every day about the $8,000 First Time Home Buyer Tax Credit. Who qualifies, what’s the income limit, when do I get the money, what can I use it for. The following article excerpt explains most of the details pretty well. According to Keystone Custom Homes, first-time buyers need to be aware [...]
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by Rodney Forbes on May 30, 2009
If you’re a first time home buyer you need to read this. I’ve been predicting for some time now the federal government would allow the First Time Home Buyer Tax Credit to be applied for up front costs. The Federal Housing Administration rolled out details of its policy Friday that will let first-time home buyers [...]
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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 15, 2009
In a story that continues to go back and forth, it seems first time home buyers will be able to use the $8,000 federal tax credit for up front costs including down payment. Until now the tax credit could only be claimed when filing taxes. The tax credit has been partially responsible for a rise [...]
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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 May 1, 2009
The following article shows the benefits to the local economy of having the Scripps Florida facility. My guess is more biotech firms will continue to relocate to Palm Beach Gardens. This is great news for the county and the real estate market as well. Palm Beach Gardens is getting a new bioscience company that is [...]
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by Rodney Forbes on April 30, 2009
After deteriorating relentlessly for nearly three years, the much-watched S&P/Case-Shiller Index showed a brief glimmer that plummeting home prices are at least slowing their fall. Prices are still plunging: Home prices in 20 major cities across the country have fallen 18.6% between February of this year and last, according to the index released Tuesday. That [...]
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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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