Posts tagged as:

real estate in West Palm Beach

Thanks for coming back! Hopefully we can help you with whatever information you’d like to have on the site. Please feel free to email me at rodney@forbesrealtyonline.com! Or Call my cell at 561-283-6497″ Over the last decade several states, including Florida, have been the center of the real estate [...]

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Just when you thought the real estate market in the West Palm Beach area has turned the corner the FHA sets new tougher loan guidelines for borrowers. With the First Time Home Buyer Program set to expire this year and interest rates sure to increase in the future, the time to buy is now if [...]

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Would YOU Walk Away From Your Home?

New study about what economists are calling, “Strategic Default”. Where homeowners who CAN afford to stay in their homes despite negative equity are choosing not to……
How widespread is this practice? New research* based on a survey of 1,000 homeowners suggests that one in four mortgage defaults are “strategic”—by people [...]

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When Will Home Prices Rebound? (2020..2023…LONGER?)

by Rodney Forbes on August 15, 2009

Great article from USNews.com.
One of the constant topics of discussion in the virtual halls of HREU is…when will prices return to their previous ‘peak’ values of 2006ish. In other words, can someone realistically..’wait it out…wait for prices to return’. Well, the answer is YES…if they want to wait..
10-20 years!
You know where the housing market has [...]

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Short Sale Myths and Facts…Part 3

by Rodney Forbes on August 11, 2009

The topic of short sales and foreclosures seem to dominate the headlines everywhere. There has been a lot written about short sales and whether you should or shouldn’t short sale your home if you’re in this situation. This has led to many misconceptions about short selling your home.
This series is about the myths regarding short [...]

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Mortgage Crisis Spreads to “Safe Borrowers”

by Rodney Forbes on June 2, 2009

Until now most people considered the problem with foreclosures and short sales to be limited to certain areas and mostly “sub-prime” loans. With layoffs and bankruptcy in big companies like the auto industry, the mortgage problem is spreading to (up ’till now) safe borrowers.
The mortgage crisis is spreading and hitting new heights: Borrowers with good [...]

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First Time Home Buyer Tips

by Rodney Forbes on May 30, 2009

With all the talk of first time home buyers, tax credits, low interest rates, low home prices, etc., many people are asking if it’s time for them to make the move and finally buy.
With uncertainty in the economy and housing market, it’s smart to ask some important questions as to whether it’s really time to [...]

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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, bank [...]

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More biotech jobs moving to Palm Beach Gardens

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 expected [...]

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Flash! First Time Home Buyers Get $8000 Today

by Rodney Forbes on April 30, 2009

The following article from the Wall Street Journal has me scratching my head. By now, most people know about the $8,000 first time home buyer tax credit (contact me to see if you may qualify). What shocked me is that evidently the IRS is allowing people to claim the tax credit, yes $8,000 [...]

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