Pinellas Property Online

1. Florida home sales rise 8 percent in one month
(Home News/National News)

... wave of foreclosures as more adjustable rate mortgages reset to higher rates. Lawrence Yun, chief economist with the National Association of Realtors, said sales nationally are expected to keep falling ...

2. International Interest in U.S. Homeownership Increases, Realtors Report
(Home News/National News)

... buyers purchased a condo than did their U.S. counterparts, at 23% and 7%, respectively. Only 44% of international buyers used a mortgage to pay for their home, compared to 92% of domestic buyers. Fifty-five ...

3. Short sales not immune to debt collectors
(Home News/National News)

... reported by Realtors in the core Orlando market in May, 23 percent were short sales. They are called “short” sales because the sales price come up “short” of, or less than, the amount owed on the mortgage. ...

4. Opposing view on real estate: It's still the American Dream
(Information and Facts/Buying a Home in Pinellas)

... lending practices and excessive risk-taking in the mortgage-backed securities market certainly played a significant role, and subsequent declines in home prices and increases in foreclosure rates have ...

5. Tampa home prices find balance in May
(Home News/Pinellas County News)

... in the year-to-year comparison. Much of that has come from historic lows in mortgage interest rates and attractive prices, said Jacksonville Realtor Wendell Davis, who also is the 2010 president of ...

6. Florida’s existing home, condo sales rise in May
(Home News/Florida News)

... increased over the previous month's median. Across the state, a variety of housing opportunities continues to be available at attractive prices while mortgage interest rates remain historically low, ...

7. Super low mortgage rates
(Information and Facts/Mortgages and Money)

Economic data moved mortgage rates this week. Slower than expected economic growth data and tame inflation figures were favorable for mortgage markets. As a result, mortgage rates ended the week lower. ...

8. NAR Commends Senators for Offering Homebuyer Tax Credit Extension
(Home News/National News)

... one-third of qualified applicants have been notified by lenders that their mortgages will not close before June 30 due to the sheer volume of applications in the pipeline. “These are not buyers ...

9. Freddie Mac: Home Mortgage rates up from yearly lows
(Information and Facts/Mortgages and Money)

Rates on 30-year fixed mortgages ticked up this week from the lowest level of the year. Freddie Mac said Thursday that the average rate rose to 4.79 percent, up from 4.78 percent last week. A year ago, ...

10. Foreign buyers are flocking to Florida condos again
(Home News/Florida News)

... of Marquis’ foreign buyers have chosen it. While the program’s 45 percent down payment for a five-year ARM seems steep, Bob Wuan, managing director of Americore Mortgage/Vacation Finance, said, “We find ...