Banks just love the profits in home equity loans. They got burned in the late 80’s, they got burned in the 2,000’s and here we are again, 8 years later. But a lot of the problems with home equity loans are not because of banks, but consumers and state legislatures. Consumers have to be more responsible and state legislatures need to put in safety nets so consumers don’t get hurt. Texas is a great example of this. They weathered the recession better than any state in the union partially because the Texas Congress wrote laws stating what banks can and… Continue reading
This is a great, in-depth look at the housing recovery from two well respected economist. They not only give you their opinion but they shows statistical graph on long term housing sales, delinquent rates, payment-to-income ratios and home sale relative to single family housing stocks.
Are We There Yet? Freddie Mac Says Recovery Has Ways to Go
“The housing market turned the corner in 2012 Freddie Mac’s economists said today, and the recovery was fully underway in 2013. But despite the positive trends in home price indexes, housing starts, and home sales, when can we say that housing has fully… Continue reading
It looks like 2014 might be a much better year for many Floridians who live near the water and pay flood insurance. Congress is stepping up their game and requiring FEMA to stop implementing changes to premiums so they can investigate and report to Congress on the importance of the increases in insurance. If this bill is not passed we will start to see many owners have to sell their home or even worse, go into foreclosure.
Below is an overview of an article from RealtorMag
“”This bill is going to come to the floor very, very soon,” Sen. Chuck… Continue reading
Tampa, FL – Lance Mohr, Realtor with Future Home Realty, is currently presenting free bi-weekly Webinars discussing the ins and outs of buying a home. The process of purchasing a home can be both confusing and overwhelming, as it is often the largest investment of a home owner’s life. “After 15 years working in Real Estate, I’ve come to notice that almost everyone goes about finding a home the wrong way,” Mohr said. “I’ve created this weekly Webinar as an educational tool to help the community through this process by breaking it down into easy-to-follow steps.” This free online… Continue reading
Like many other cities across this great nation, Tampa home prices have taken a dive in recent years. But these times of hardship make an impact on sellers more so than buyers. For the buyer, the situation makes for a perfect opportunity to get into your first home, or at least one that you wouldn’t ordinarily be able to afford.
Take a look at a couple of the most common ways one could take advantage of property values that are struggling to hold their ground in an industry that hasn’t fully rebounded from the woes of recent years.
First Time… Continue reading
There no question that new home sales have been going up over the last several months. More buyers have been frustrated with looking at home after home, just to end up in a multiple bid situation with other home buyers. Plus – it’s no secret that banks have been dragging out the short sale process and denying short sales at a record pace. The article below goes over what’s going on with the U.S. new home sales. Of course, the same is true for Tampa new homes.
New Home Construction Hits Highest Pace in 5 Years
“U.S. builders broke ground… Continue reading
Over the past 5 years the mortgage, appraisal and real estate industry has seen regulations cripple the housing market. Our politicians are over regulating the real estate industry due to their incompetence and deregulation that occurred in 1999.
Mortgage Credit Availability Decreased Slightly in November
“A significant number of loan programs allowing for more than 95 LTV and low-to-mid range minimum FICOs were either discontinued in November, or transitioned into programs with lower LTV maximums and/or higher minimum credit scores. Investor pull-back from programs with greater than 30 year terms and Interest-Only programs continued as the industry prepares for… Continue reading
If you’re looking for a family-oriented community that’s got a lot to offer, you should certainly take the time to look into homes for sale at Fishhawk Ranch, one of the more sought-after spots in Hillsborough County.
When I say “family-oriented”, I’m probably understating things; a sunny day at one of Fishhawk Ranch’s water parks is a busy mix of young and old enjoying the aquatic centers, and the 25 miles of walking trails are well-used (if uncrowded). It feels like a close-knit community, because it really is; every Friday and Saturday night there are festivals at the town square,… Continue reading
If you are a real estate investor or even thinking about investing in real estate you need to understand what a 1031 exchange is. This is a great benefit for small and large investors that can give them a huge tax advantage and enable them to continue to invest in real estate. Over the years I have done multiple 1031 exchanges and have saved thousands of dollars of taxes. Of course, the only think better than deferring your taxes, is not having to paying taxes.
Below is a great article that Realtors and investors should read.