February 2009 - Posts
• 728 sq. ft., 1 bath, 1 bdrm single story - MLS® $69,900 Gulf Harbors Condo, New Port Richey - Clean tastefully furnished unit in Gulf Harbors. Great for first time buyers or retiree. Close to shopping and bus routes. Community offers two swimming
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WASHINGTON – Feb. 27, 2009 – Against a backdrop of record-low new home sales, Housing Secretary Shaun Donovan told lawmakers the lending industry is set to launch the Obama administration’s $75 billion foreclosure prevention program
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WASHINGTON – Feb. 27, 2009 – The National Association of Realtors® (NAR), which generally supports the Obama administration’s housing and stimulus plans, announced opposition to one budget proposal that would water down the mortgage
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WASHINGTON – Feb. 26, 2009 – The economic stimulus bill contains several tax provisions that will help small businesses struggling in a tough economy. Here are some of the provisions that might prove especially significant to a real estate-related
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WASHINGTON – Feb. 26, 2009 – Nearly 75 percent of the stimulus allocated to the U.S. Housing and Urban Development Department has been handed out, department officials said Wednesday. HUD Secretary Shaun Donovan said $10.1 billion of the $13.61
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WASHINGTON – Feb. 26, 2008 – The National Association of Realtors® (NAR) expressed support of President Obama’s broadened focus of the nation’s economic recovery that stresses housing stability and making health care an important
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WASHINGTON – Feb. 25, 2009 – A government agency’s index shows U.S. home prices fell by the steepest annual amount on record in the fourth quarter. The Federal Housing Finance Agency says the drop of 8.2 percent from the prior year period
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WASHINGTON – Feb. 25, 2009 – More than one million distressed homeowners could benefit from filing for bankruptcy under proposed legislation allowing bankruptcy judges to modify mortgages on primary residences, according to the Congressional
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Not even a housing-led recession can shake Americans' faith in the blessings of homeownership. House prices may be falling, foreclosures rising and residential sales weak -- yet the vast majority of homeowners say their home is a source of comfort
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WASHINGTON – Feb. 24, 2009 – Lawyers hired by mortgage finance giant Freddie Mac are quietly investigating the firm’s own $2 million lobbying campaign, The Associated Press has learned. The lobbying effort helped quash proposed new regulations
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MIAMI – Feb. 24, 2009 – In Judge A. Jay Cristol’s bankruptcy court, the bench shakes and a deep thud reverberates throughout the room as he stamps one of many documents that mark the steady progress of a case. It’s a sound that
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ORLANDO, Fla. – Feb. 23, 2009 – More Florida-based insurers are eagerly seeking property-insurance customers whose policies will eventually be dropped by State Farm Florida. Northern Capital Insurance has announced that it can take as many
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CHICAGO – Feb. 23, 2009 – “Good” credit is not a black-and-white matter these days. To mortgage financiers Fannie Mae and Freddie Mac, there’s good credit, better credit and best credit. That’s because about a year
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TALLAHASSEE, Fla. (AP) – Feb. 20, 2009 – Gov. Charlie Crist’s political mantra has been to hold down property insurance rates, taxes and almost anything else costly. Whether Crist seeks re-election or Mel Martinez’s U.S. Senate
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McLEAN, Va. – Feb. 20, 2009 – Rates on 30-year-fixed mortgages fell this week, declining along with bonds yields amid easing concerns over inflation due to the still-slowing economy, Freddie Mac said Thursday. The average rate on a 30-year
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WASHINGTON – Feb. 20, 2009 – A day after President Obama unveiled his $75 billion foreclosure prevention program, administration officials yesterday said they were still determining which homeowners should qualify. The administration is developing
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TALLAHASSEE, Fla. (AP) – Feb. 19, 2009 – After cutting $7 billion in spending over the past two years, Florida lawmakers are likely to do more slashing to balance another tight budget, but they’re also looking at two previously taboo
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WASHINGTON – Feb. 19, 2009 – Housing Secretary Shaun Donovan said Thursday it’s critically important that banks and lending institutions work to help make certain the Obama administration’s new home foreclosure initiative succeeds.
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ORLANDO, Fla. – Feb. 19, 2009 – Is the love affair outsiders have with Florida losing its zest? A drop in driver’s license applications from out-of-state residents certainly suggests they’ve cooled to the Sunshine State’s
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WASHINGTON (AP) – Feb. 18, 2009 – Construction of new homes and applications for future projects both plunged to record lows in January as all parts of the country showed big declines in building activity. Analysts are hoping that a boost
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MIAMI – Feb. 18, 2009 – Just six months ago, with South Florida home prices in a steady fall, the decision to buy or rent was clear for many prospective homebuyers – keep on renting, of course. But these days, as the housing downturn
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MESA, Ariz. (AP) – Feb. 18, 2009 – Seeking to tackle “a crisis unlike any we’ve ever known,” President Barack Obama unveiled an ambitious $75 billion plan Wednesday to keep as many as 9 million Americans from losing their
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MANATEE COUNTY, Fla. – Feb. 17, 2009 – Posting a “For Sale” sign in the front yard has become very low-tech these days for local real estate agents. They’re now using the latest technology – the Internet, cell phones,
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MANATEE COUNTY, Fla. – Feb. 17, 2009 – The presence of defective drywall in some Manatee County homes has heightened awareness about the issue in the real estate world. Buyers, sellers and real estate agents are all asking the same question:
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TALLAHASSEE, Fla. (AP) – Feb. 17, 2009 – There’s nothing like a few billion dollars to make a governor smile. And Florida’s Charlie Crist was beaming Monday when he met with some agency heads to discuss the federal government’s
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PALM BEACH COUNTY, Fla. – Feb. 17, 2009 – For 700,000 homeowners covered by State Farm Florida, the departure of the state’s largest private home insurer might not be as financially painful as feared. Florida Insurance Commissioner Kevin
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WASHINGTON – Feb. 17, 2009 – How does a first-time homebuyer take advantage of the $8,000 tax credit that President Obama is expected to sign into law tomorrow? It comes with a few rules. According to the most recent analysis, the following
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• 2,039 sq. ft., 3 bath, 3 bdrm 3 story - MLS® $259,000 Reserve At Sea Forest, New Port Richey - Premier Gated Townhome project w/ access to the Gulf of Mexico. This unit has a reservation for one of only 9 ON SITE BOAT SLIPS. The slips have
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BEIJING – Feb. 13, 2009 – Beijing lawyer Ying Guohua is heading to the United States on a shopping trip, looking not for designer clothes or jewelry, but for a $1 million home in New York City or Los Angeles. He expects to get a bargain. Ying
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WASHINGTON – Feb. 13, 2009 – The U.S. Treasury’s decision to accept commercial mortgage-backed securities as eligible collateral for the Term Asset-Backed Loan Facility (TALF) will encourage investment in the commercial real estate market,
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NAVARRE, Fla. – Feb. 13, 2009 – Al Muller had numbers on parade Wednesday when he spoke to the Navarre Area Board of Realtors about where the local real estate market has been and where it is. But what his audience of nearly 90 really wanted
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McLEAN, Va. (AP) – Feb. 13, 2009 – Rates on 30-year-fixed mortgages fell this week, offering homeowners a chance to refinance their loans, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage dropped to 5.16 percent this
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WASHINGTON – Feb. 13, 2009 – A new tax credit of up to $8,000 for first-time homebuyers that’s being included in the economic stimulus package was far less than the homebuilding industry wanted, and analysts expect it will provide only
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Oak Ridge, New Port Richey - Announcing a price reduction on 6675 Millstone Dr, a 2,362 sq. ft., 2 bath, 4 bdrm single story. Now MLS® $319,900 - Great Neighborhood. Property information
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