National Real Estate Blog

On Thursday, May 21, 2009, Senators and federal regulators met in an effort to resolve issues in regards to Chinese drywall. Nearly 50,000 homes in Florida are possibly affected by the drywall that was purchased from China during a time when building materials were in short supply. Between the Hous [Read More]

While the sale of single family homes is on the rise and the market is beginning to make a come back, the condominium market has been slammed by the suffering real estate market pretty hard.   Corus Bankshares, Inc., a lender based out of Chicago and one of the biggest lenders to high-en [Read More]

The Obama Administration predicted that the foreclosure-prevention program, that went into effect on March 4, 2009, could aid nearly 9 million people across the nation in saving their homes. The plan was written to encourage lenders to assist borrowers that were at-risk by lowering their interest r [Read More]

According to Zillow.com, one out of every five homeowners in the nation owe more on their mortgage than what their homes are worth, which is to say that they are 'underwater'. Home value declines are starting to slow down; however, sellers are still apprehensive about putting their homes o [Read More]

Florida is not the only state suffering with the Chinese Drywall epidemic, over a dozen different states from California to Alabama are receiving consumer complaints involving corrosion of metal components and respiratory problems. Between the housing boom and the many destructive hurricanes that [Read More]

According to Warren Buffet, one of the world's most successful investors, although he agrees with the Obama Administrations' response to the economic crisis he also believes that it will lead to inflation. He claims that the best way to fight this next economic situation is to invest your [Read More]

Not according to the St. Pete Times...they suggest that the according to the economic signs, real estate prices will not stop declining this year, that they will continue to fall into 2010! The article goes on to state that although inventory is declining nationally, it is still very high in the T [Read More]

The National Association of Realtors reported that more than 50 percent of March's home sales were first-time buyers, most of the homes being foreclosures or short sales. As we see the first time homebuyers taking advantage of the tax credit and low interest rates, we will hopefully see a revit [Read More]

As the number of foreclosures continues to skyrocket, lenders are not being consistent with their responses.  While some lenders are willing to reduce payments, lower interest rates or work out a temporary payment plan, others are not willing to give relief in any way, what-so-ever!  Ther [Read More]

I just experienced a first time homebuyer wanting to build a brand new home and wanting to take advantage of the $8000 tax credit. Please educate your homebuyers on this. They must close by December 1, 2009 in order to qualify. Most builders will not give a closing date, so beware and protect you [Read More]