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Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history. Fixed mortgage rates rose slightly this week off their record lows. The year ends much like it began, with few people able to take advantage of the best rates in history. Freddie Mac said Thursday that the average on the 30-year home loan increased to 3.95 percent from 3.91 percent. Last week’s rate was the lowest average on records […]

A local public home  insurance adjuster and the president of a home inspectors group allege that parts of property insurance laws passed this year and last hurt their industries and are unconstitutional. According to Money Expert, most homeowners insurance policies will cover your home’s structure, personal property, and even living expenses if you’re displaced from your home and liability protection if there’s an accident in your home. Each homeowners insurance policy will look slightly different depending on the coverage you choose, the add-ons you include in your plan, and where […]

Most Americans feel now is a good time to buy a home, but those who want to sell are having difficulty finding buyers at desired prices, causing seller sentiment to fall to record lows. The low opinion is causing a wide gap between homebuying and home selling that won’t narrow for at least the next five quarters, according to a new report by the Mortgage Bankers Association‘s Research Institute for Housing America. From 1992 to 2005, positive seller sentiment fluctuated between 40% and 60%, according to the report. Since 2005, […]

Lenders are increasingly becoming more accepting over short sales as they seek more solutions to help struggling home owners avoid foreclosure, according to a recent article at MSNBC.com. “Foreclosure sales are pretty devastating,” Faith Schwartz, executive director of Hope Now, a resource for cash-strapped home owners, told MSNBC.com. “We’d much prefer a [loan] modification, but if [home owners] don’t quality, then the next best alternative is deed-in-lieu or short sales.” Short sales and foreclosures increased in 2010, but in 2011, short sales continued to climb even more (increasing 26,000 nationwide) […]

Michael is a full time realtor working in the Palm Beach County real estate market. His main focus is the residential market – single family homes, condominiums, and townhomes. Michael sells millions of dollars in real estate each year, including new homes and luxury waterfront apartments. He knows how to market your home to get it in front of potential buyers. Michael brings great experience, a strong work ethic, and top-notch customer service to his relationships with each of his clients, and he knows the Palm Beach County market inside […]

Pending home sales continued to gain in November and reached the highest level in 19 months, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 7.3 percent to 100.1 in November from an upwardly revised 93.3 in October and is 5.9 percent above November 2010 when it stood at 94.5. The October upward revision resulted in a 10.4 percent monthly gain. The last time the index was higher was in April 2010 when it reached 111.5 as buyers rushed […]

The number of seriously delinquent mortgages in the nation’s largest metropolitan areas slowed this year, according to a new study from the Urban Institute. But foreclosures remain a burden on the housing market, prompting the policy research group to call for a resolution to the housing crisis to ensure the foreclosure backlog is cleared out in a reasonable time period. The institute said the serious delinquency rate in the 100 largest metro areas slowed to 9.3% in June from 10.4% in December 2009, according to data from Foreclosure-Response.org. The Urban […]

Where are the most “secure places” large or mid-size metro areas in the nation to live? The annual Farmers Insurance Group of Companies ranked nearly 400 communities based on safety and security in its eighth annual study on the “most secure places to live for 2011.” The rankings take into account such factors as crime stats, natural disasters, housing depreciation, foreclosures, air quality, environmental hazards, life expectancy, and car accidents. If you live in an unsafe area, you can always get close protection services for additional security. According to the […]

Prices in Seattle slipped an additional 1 percent in October from September, bringing the local index back down to where it was this spring, the Standard & Poor’s/Case-Shiller data show. Any momentum that the beleaguered Seattle housing market might have built up over the summer seems to have evaporated, according to a closely watched index of home prices. The Standard & Poor’s/Case-Shiller index, released Tuesday, showed that prices in Seattle slipped an additional 1 percent in October from September, bringing the local index back down to where it was this […]

Home prices in October declined in 19 American cities, as the Standard & Poor’s/Case Shiller home price index showed drops in both the 10-city and 20-city composites. According to the latest S&P report, home prices declined 1.1% and 1.2% for the 10- and 20-city composite indexes.   “There was weakness in the monthly statistics, as 19 of the cities posted price declines in October over September,” said David Blitzer, chairman of the Index Committee at S&P Indices. “Eleven of the cities and both composites fell by 1.0% or more during […]