Posts tagged as:

mortgage rates

123 Lakeshore Drive #2242, North Palm Beach, FL Get Directions Click Here Description Photos Maps & Local Schools $ Click for current price 2 BEDROOMS 2 BATHROOMS (2 full) 1562 Square Feet Stunning modern lower penthouse residence in this exclusive gated enclave. 9′ ceilings and a perfect layout highlight the breathtaking water views of the […]

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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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Beware of Mortgage Rate Hike Early Next Year

by Rodney Forbes on December 17, 2009

If you’ve been thinking of taking advantage of low real real estate prices, Home Buyer Tax Credits and low mortgage rates, you may want to make a move. Lock in low 30 year mortgage rates while you can. The following excerpt from The Mortgage Reports indicates mortgage rates may be ready to rise soon. Since […]

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Palm Beach County Real Estate…Celebrate or Wait?

by Rodney Forbes on August 31, 2009

Breaking News: Case/ Shiller Housing Index Shows Second Month In A Row Of  INCREASE IN SALES! We have been seeing continued reports of the strengthening of the national real estate market. Certainly in Palm Beach County Florida, one of the first and hardest hit areas in the country, the numbers have continued to move positive. […]

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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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Florida Real Estate: Back to the Future

by Rodney Forbes on May 2, 2009

James L Butkiewicz At the dawn of the 20th century, fewer than half of all households in the United States owned their own home. Fueled by rapid income growth during the 1920s, home ownership increased to 47.8% in 1930 from 46.5% in 1900 but then declined to 43.6% in 1940. An obstacle to homeownership at […]

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Slowing recession good for real estate market

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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Mortgage rates in West Palm Beach Florida Down Again

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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Crazy Jim Cramer says buy Florida real estate

by Rodney Forbes on April 1, 2009

Outspoke and sometimes controversial stock picking guru Jim Cramer compares the real estate market in Florida to the stock market and says the time is right to buy real estate in Florida. He forecasts Florida may lead the country in the real estate rebound. As a buyer specialist, especially in distressed property, I’ve been making […]

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Has the real estate market started to improve?

by Rodney Forbes on April 1, 2009

Sales of previously owned U.S. homes rose at their fastest pace in nearly six years in February, data showed on Monday, offering some hope to an economy battling a 15-month recession. The current news confirms what I’ve been telling people for the last several months. According to the data in the Florida market, sales of […]

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