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Archive for June, 2007

Expect Subprime Florida Home Loan Problems to Worsen

Saturday, June 30th, 2007

The bad credit Florida mortgage problem will worsen over the next year, as the rate of loan delinquencies could rise further, an influential fund manager specializing in mortgage backed securities said on Wednesday. (more…)

Property Values Increase in St. Lucie County

Friday, June 29th, 2007

The St. Lucie County housing market received slightly better news about property values Tuesday than Property Appraiser Jeff Furst predicted recently, but the figures still were far below the double-digit increases of the past few years. (more…)

Bad Credit Florida Mortgage Lending: Still a Problem

Friday, June 29th, 2007

Subprime lenders have yet to learn from their mistakes.

According to a consumer advocate group, abuses persist industry wide, despite the recent bad credit Florida mortgage meltdown. (more…)

Florida Mortgage Rates Fall Slightly For Week

Friday, June 29th, 2007

Rates on 30-year Florida mortgages fell again this week, to 6.67 percent from 6.69 percent last week, according to a weekly survey. (more…)

Gainesville Housing Market Conditions Favor… Renters

Friday, June 29th, 2007

Market conditions are tipping toward renting instead of buying for many would-be home buyers, Gainesville housing market observers say. (more…)

Builder: Fort Myers Housing Market Worst in U.S.

Thursday, June 28th, 2007

While all home builders have taken hits from the housing slump, Hovnanian is facing what one of its top executives on Monday called America’s “worst” housing market: Fort Myers, Florida. (more…)

Palm Beach County Sales Drop in Face of Florida Mortgage Slowdown

Thursday, June 28th, 2007

The number of single-family homes sold in the Palm Beach housing market plunged 25 percent from May 2006 to May 2007, the Florida Association of Realtors said Monday. (more…)

Collier County to Curb Construction

Thursday, June 28th, 2007

Future construction in Collier County could soon be coming to a halt because of legislators who are looking at state wide property tax cuts. (more…)

Slow Market Breeds Seller Creativity

Thursday, June 28th, 2007

Terri Ossi tried to sell her Ormond beachside home for $349,000 but only one person came by to take a look in three months. So she decided the asking price could drop $14,000 - with some incentives. (more…)

Florida Mortgage Applications Decline For Second Straight Week

Wednesday, June 27th, 2007

Florida mortgage applications fell for a second straight week as interest rates remained near recent highs, an industry group said Wednesday. (more…)