Posts tagged as:

real estate in West Palm Beach

October Homes Sales in Florida Down, Foreclosures and Short Sales Still Dominate the Market

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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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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Rodney Forbes Recognized as a REO/Foreclosure Expert in South Florida

by Rodney Forbes on October 8, 2010

Rodney Forbes, registered broker with Forbes Realty of South Florida, headquartered in West Palm Beach, has been featured on a national foreclosure/REO teleconference as a leading foreclosure/REO real estate agent in the south Florida market. The conference was sponsored by Tim and Julie Harris of Harris Real Estate University, one of the largest online real [...]

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Florida Real Estate…How We Got Here, and Where We’re Going Next

by Rodney Forbes on January 31, 2010

Over the last decade several states, including Florida, have been the center of the real estate boom…and bust. Short sales and bank owned foreclosures dominate the news in south Florida real estate. How did we get here? Where are we going from here? In this video clip from The Daily Show, Harvard law professor Elizabeth [...]

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Warning: Florida Real Estate Market Faces New Tougher FHA Loan Guidelines

by Rodney Forbes on January 30, 2010

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? : Palm Beach Gardens Short Sales

by Rodney Forbes on August 15, 2009

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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