Congratulations to the new owners from The Price Group!
SOLD! 5701 3rd St S St Petersburg
Tag Archives: Florida and Pinellas market news
Downtown St. Pete's Coolest Looking Building Signature Place
61 units sold at Auction in 2 hours most selling for 40-45% above the starting bid. Who said downtown St. Pete wasn’t an exciting place? The only remaing “B” floor plans units for sale are on 8th and 9th floor with none of these upgrades or view, this 20th floor “B” floor plan with 2 […]
Fannie Mae Approved Condo List Florida
Here is the updated list from Fannie Mae on PERS approved condos as of March 1st. There are a few additions to the list since December. If you remember, Fannie Mae has a task force dedicated to examining projects across the State to get them appoved. Once approved it allows us to do 80% financing […]
Banks are forcing values down by using Short Sales
http://www.DavidPriceRealtor.com. What are the banks thinking today? Banks are more conservative than ever and are forcing property values down in stable neighborhoods. I understand banks trying keep their equity position high and prevent further losses, but allowing appraiser to use “Short Sales” as comps in a an arms length transaction is crazy. Buyer’s who buy […]
FHA Financing Requirements – The Changes to FHA Financing Requirements For 2010
OK, there are some interesting changes which will take pace later this year to FHA financed loans. The government has been facing higher defaults with FHA insured loans over the past couple of year’s, in order to build up reserves they are making some changes. If you are looking to buy a home using FHA […]
Lifelines dry up for mortgage lending
Jan. 25, 2010 – For more than a year, the government pulled out the stops to revive homebuying by driving down mortgage rates. Now, whether the housing market is ready or not, the government is pulling out. The wind-down of federal support for mortgage rates, set to end in two months, is a momentous test […]
Florida’s existing home, condo sales up in December 2009
Jan. 25, 2010 – Florida’s existing home sales rose in December, marking 16 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. Existing home sales rose 33 percent last month with a total of 14,630 homes sold statewide compared to 11,013 homes sold in […]
December 2009 MLS Stats for Pinellas County FL
Lot’s of great info here! Take a look at the number of active homes on the market today compared to the past couple of years. The median home price is also on the rise. If we see the unemployment rate go down we could see a much faster recovery in Pinellas County. The number of […]
High court: Mediate on foreclosure
TAMPA, Fla. – Jan. 5, 2009 – Florida homeowners facing foreclosure may soon get one last chance to negotiate with lenders trying to take back their homes. The Florida Supreme Court issued an administrative order last week that requires a third-party mediation program with all new foreclosure lawsuits involving primary residences. The goal of the […]
Homebuyer Tax Credit
Thanks to the newly extended and expanded homebuyer tax credit, first-time homebuyers may still qualify for an $8,000 tax credit and existing homeowners may qualify for a $6,500 tax credit when they buy a new home. That’s a guaranteed federal tax credit that directly reduces the amount of taxes you owe for the entire year. […]