South Florida Real Estate Blog » real estate in West Palm Beach

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

Rodney Forbes — Mon, 29 Nov 2010 22:26:11 +0000

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% [...]

October Homes Sales in Florida Down, Foreclosures and Short Sales Still Dominate the Market is a post from: South Florida Real Estate Blog

West Palm Beach Area Foreclosures to Increase

Rodney Forbes — Wed, 24 Nov 2010 15:21:08 +0000

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 [...]

West Palm Beach Area Foreclosures to Increase is a post from: South Florida Real Estate Blog

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

Rodney Forbes — Fri, 08 Oct 2010 15:46:10 +0000

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 [...]

Rodney Forbes Recognized as a REO/Foreclosure Expert in South Florida is a post from: South Florida Real Estate Blog

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

Rodney Forbes — Sun, 31 Jan 2010 17:06:11 +0000

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 [...]

Florida Real Estate…How We Got Here, and Where We’re Going Next is a post from: South Florida Real Estate Blog

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

Rodney Forbes — Sat, 30 Jan 2010 15:07:34 +0000

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 [...]

Warning: Florida Real Estate Market Faces New Tougher FHA Loan Guidelines is a post from: South Florida Real Estate Blog

Would YOU Walk Away From Your Home? : Palm Beach Gardens Short Sales

Rodney Forbes — Sat, 15 Aug 2009 19:56:41 +0000

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 [...]

Would YOU Walk Away From Your Home? : Palm Beach Gardens Short Sales is a post from: South Florida Real Estate Blog

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

Rodney Forbes — Sat, 15 Aug 2009 18:46:33 +0000

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 [...]

When Will Home Prices Rebound? (2020..2023…LONGER?) is a post from: South Florida Real Estate Blog

Short Sale Myths and Facts…Part 3

Rodney Forbes — Tue, 11 Aug 2009 15:02:25 +0000

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 Sale Myths and Facts…Part 3 is a post from: South Florida Real Estate Blog

Mortgage Crisis Spreads to “Safe Borrowers”

Rodney Forbes — Tue, 02 Jun 2009 15:22:04 +0000

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 [...]

Mortgage Crisis Spreads to “Safe Borrowers” is a post from: South Florida Real Estate Blog

First Time Home Buyer Tips

Rodney Forbes — Sat, 30 May 2009 16:23:09 +0000

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 [...]

First Time Home Buyer Tips is a post from: South Florida Real Estate Blog