Ft Lauderdale Lifestyle Blog

Existing-Homes Sales Stable In July

September 5th, 2007 9:12 AM

Existing-Homes Sales Stable In July

WASHINGTON, August 27, 2007 -

Existing-home sales were essentially unchanged in July, with increases in the West and Northeast offset by a decline in the Midwest, according to the National Association of Realtors®.

Total existing-home sales – including single-family, townhomes, condominiums and co-ops – slipped 0.2 percent to a seasonally adjusted annual rate1 of 5.75 million units in July from an upwardly revised pace of 5.76 million in June, and are 9.0 percent below the 6.32 million-unit level in July 2006. Full Story

Posted by Eileen Kedersha on September 5th, 2007 9:12 AMPost a Comment (0)

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Housing Starts Fall to 12-Year Low

September 20th, 2007 2:27 PM

Housing Starts Fall to 12-Year Low

Housing Starts Fall to 12-Year Low
Housing starts fell 2.6 percent in August to a seasonally adjusted annual rate of 1.33 million homes, the Commerce Department reports.
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Posted by Eileen Kedersha on September 20th, 2007 2:27 PMPost a Comment (0)

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Cities with Traffic That Will Drive You Crazy

September 20th, 2007 2:26 PM

Cities with Traffic That Will Drive You Crazy

Cities with Traffic That Will Drive You Crazy
The nation's drivers wasted a total of 4.2 billion hours sitting in traffic jams in 2005, says a report by the Texas Traffic Institute.
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Posted by Eileen Kedersha on September 20th, 2007 2:26 PMPost a Comment (0)

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Dark Side of Good Home Staging

September 20th, 2007 2:25 PM

The Dark Side of Good Home Staging

Does staging trick buyers into overlooking a home's flaws? A report by the National Association of Exclusive Buyer Agents says it happens all the time.
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Posted by Eileen Kedersha on September 20th, 2007 2:25 PMPost a Comment (0)

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Fannie, Freddie Get More Subprime Flexibility

September 20th, 2007 2:23 PM

Daily Real Estate News | September 20, 2007
Fannie, Freddie Get More Subprime Flexibility
The Office of Federal Housing Enterprise Oversight, which oversees Fannie Mae and Freddie Mac, on Wednesday agreed to allow both companies to buy more subprime loans — a decision that NAR applauds.

Fannie Mae and Freddie Mac will have more flexibility to address problems in the mortgage market, which will benefit the housing market overall, says the NATIONAL ASSOCIATION OF REALTORS®. As a result of Wednesday’s action, more subprime loans will be made available to borrowers and home owners who are having problems refinancing their mortgage.

In providing the ability to make a two percent adjustment to the portfolio limit formula for Fannie Mae, OFHEO director James Lockhart “sends an important signal to America’s home owners and buyers that the government recognizes that there is a major problem and that it is willing to act,” NAR President Pat Combs says.

This week, actions by both houses of Congress to reform FHA programs, and the Federal Reserve to decrease interest rates, should make borrowing more affordable and money more available, Combs says. “With reduced housing prices and increased housing inventory, interest rates that are near historic lows, and now with Fannie’s and Freddie’s increased ability to lend, we may see positive movement in the housing market,” said Combs.

NAR continues to urge Congress to increase Fannie Mae and Freddie Mac’s conforming loan limits, which would help borrowers in high-cost areas who are finding it extremely difficult to secure affordable financing.

“This would have the effect of making more money available for more of our nation’s borrowers,” Combs says. — REALTOR® Magazine Online

Posted by Eileen Kedersha on September 20th, 2007 2:23 PMPost a Comment (0)

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10 Tips for Buying a Fixer-Upper

September 5th, 2007 9:06 AM

10 Tips for Buying a Fixer-Upper

To better your chances of making a profit, consider these

factors in selecting the right home for a cosmetic makeover. Full Story

Posted by Eileen Kedersha on September 5th, 2007 9:06 AMPost a Comment (0)

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Congress Ready to Tackle Mortgage Crisis

September 5th, 2007 9:05 AM

Congress Ready to Tackle Mortgage Crisis

When Congress reconvenes, lawmakers are expected to

consider bills on anti-predatory lending, housing

counseling, and lifting some GSE restrictions. Full Story

Posted by Eileen Kedersha on September 5th, 2007 9:05 AMPost a Comment (0)

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Faith in the housing market- Staging your home to SELL

September 3rd, 2007 3:56 PM

Faith in the housing market

It didn't take all that much to sell a house in the real-estate market's headiest days mere years ago. Where a fresh coat of paint or a new appliance package might have sold a house in the past, these days, even if it's less about setting up a bidding war than reeling in one viable offer sheet, some say a full-fledged feng shui redo might be in order. Others vouch for the efficacy of burying a likeness of a canonized carpenter. See full story.

Posted by Eileen Kedersha on September 3rd, 2007 3:56 PMPost a Comment (0)

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30-Year Mortgages Fall to Lowest Rate in 3 Months

September 1st, 2007 9:24 AM

FHA Policy Changes Would Ease Mortgage Crisis
NAR on Friday voiced support for an array of FHA changes proposed by President George W. Bush to stem the rapidly rising foreclosure rate.
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30-Year Mortgages Fall to Lowest Rate in 3 Months
Freddie Mac reported a drop in the 30-year fixed rate to 6.45 percent, while interest on 15-year fixed loans slipped to 6.12 percent.
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Posted by Eileen Kedersha on September 1st, 2007 9:24 AMPost a Comment (0)

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Tony Bennett performing live Fort Lauderdale

September 1st, 2007 9:21 AM

12/06/07 8:00p

Tony Bennett. Tony Bennett performing live in concert. Event category: Arts - Concerts. 954-462-0222

Posted by Eileen Kedersha on September 1st, 2007 9:21 AMPost a Comment (0)

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Southern States Bullriding Finals

September 1st, 2007 9:18 AM

Southern States Bullriding Finals

This Rodeo features the top 40 cowboys in the southern states competing for the #1 title in bull riding.

Venue:	Bergeron Rodeo Grounds - Davie Arena Davie
Telephone:	954-389-5311
Date Range:	Starts: 11/03/07 Ends: 11/03/07
Schedule:	Sat, Nov 3: 8:00 pm
Event Type:	Sports - Rodeo

Posted by Eileen Kedersha on September 1st, 2007 9:18 AMPost a Comment (0)

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Sesame Street Live : Elmo Makes Music

September 1st, 2007 9:16 AM

07

Schedule: Fri, Sep 28:
10:00 am
Sat, Sep 29:
10:30 am & 2:00 pm
Sun, Sep 30:
10:30 am & 2:00 pm & 5:30 pm

Event Type: Kid's Theater

Posted by Eileen Kedersha on September 1st, 2007 9:16 AMPost a Comment (0)

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