Home Sales on the Rise

LAKELAND — Both the state and local housing markets carried their momentum from 2015 into the start of the new year with home sales on the Rise

The latest report from Florida Realtors revealed year-to-year increases in closed sales and median prices for single-family homes. Statewide, there were 16,259 closed sales for existing single-family homes in January, which is a 2.7 percent increase from last year. The $199,000 median sale price for those homes also represented a 13.7 percent increase from a year ago.

“Florida’s housing market remains on a steady path,” said Matey Veissi, president of Florida Realtors, in a press release. “While inventory levels are tight, the month's supply of homes for sale remains…

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Collection Records Show Many Renters Who are Evicted are Repeat Offenders

An effective way to predict the behavior of renters is through examining rental-related collection records, according to a new analysis from TransUnion.

According to TransUnion, involuntary turnover (which includes defaults as well as evictions for other reasons) costs property managers about $3,500 per unit in court costs, lost revenue, and other types of expenses.

“Rental evictions and collections records offer a unique, insightful look into a resident’s current record,” said Mike Doherty, SVP of TransUnion's rental screening solutions group. “Rental-related collection records may be timelier than eviction public records—which can take weeks or months to process through…

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Economy and Homeowners Are in a Better Position than You Think

Not everyone thinks the economy is as bad off as doomsayers have been saying lately. In fact, William Dudley, president and CEO of the Federal Reserve Bank of New York, says the expansion we’ve experienced for the past seven years has put American homeowners in a much better position to withstand any pending trouble.

Dudley spoke at a recent press briefing at the New York Fed to address the state of an economy that has been, despite what it might seem, steadily getting better since mid-2009. But because the expansion has been going for so long, Dudley said, many are starting to “whether this expansion has already entered its twilight years.”

But such fears are not based in real…

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Waiting to see if the jobs report measures up

The Bureau of Labor Statistics (BLS) will release the first employment summary of 2016 on Friday, February 5 (technically, it’s the second employment summary released this year, but the first one that covers part of 2016 since the last one covered December). Employment growth for October through December was solid, averaging job gains of 284,000 per month for the three months.

The recent job growth was the final piece of the economic puzzle the Fed needed in order to raise the short-term interest rates in December. In early January, the BLS reported that 292,000 jobs were added in December 2015.

“The bright spot in recent economic reports has been the labor market,” Freddie Mac stated in its January…

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Freddie Mac Kicks Off 2016 With Largest Ever Delinquent Loan Auction

As Fannie Mae did earlier in January, Freddie Mac kicked off 2016 in a big way with residential non-performing loan (NPL) sales. On Friday, Freddie Mac announced its largest bulk NPL transaction yet—an auction of residential NPLs serviced by Nationstar Mortgage totaling $1.6 billion in unpaid principal balance (UPB).

The NPLs are being offered in seven pools—five Standard Pool Offerings (SPOs), which are geographically diversified, and two Extended Timeline Pool Offerings (EXPOs), which are geographically concentrated. EXPOs. While SPOs often include larger pools of loans, the loans featured in EXPOs include smaller pool sizes and a longer marketing period, and target participation…

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Just listed! - 1031 crestview ln, casselberry fl

1031 Crestview Ln, Casselberry FL

$85,000 

Beds  4 Baths   Sq Ft  2,084 Built  2007

Click For More Details

  Huge manufactured home in Casselberry - Come and see this wonderful home today! This home boasts 4 beds, 3 baths, a huge kitchen with cooking island, dining room, living room with wood burning fireplace and big family room on a great open floor plan set up. Split bedrooms means the Master Bed is the other side of the house to the other 3 bedrooms. The Master's en-suite has separate shower as well as a garden tub and double vanity sinks. The second bedroom has it's own small wooden deck, as does a side door off the living…

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Which is better: 15 yr or 30 yr mortgage?

A 15-year mortgage is a smart choice for households in housing markets where price increases have been modest, but a tougher call for households in hotter markets.

The Federal Reserve Board is on track to raise interest rates as soon as today. It’s a move that will mean higher mortgage rates, higher monthly payments, and reduced purchasing power for new borrowers. Homebuyers, who haven’t seen an interest rate increase in nearly 10 years, may be tempted by lower-rate 15-year mortgages. But do the advantages of a 15-year mortgage outweigh the costs? The answer depends partly on where you live.

We’ve crunched the numbers for the largest U.S. metros, and found that:

  • With the median US household income, …

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