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Mexico Housing ‘Stable,’ Moody’s Says; Builders Rise

September 26th, 2009 9:50 AM

Mexico Housing ‘Stable,’ Moody’s Says; Builders Rise

Desarrolladora Homex SAB, Mexico’s largest homebuilder, rose 3.4 percent to 79.27 pesos. Corporacion Geo, the second- biggest builder, added 2.2 percent to 31.08 pesos. The Habita index has surged 50 percent this year, compared with a 25 percent gain on the benchmark Bolsa index.

Home prices in Mexico remain stable because firms are building to the specifications set by government-backed mortgage lender Infonavit and the federal employee housing fund Fovissste

@ Bandaras News Puerto Vallarta, MX | Posted: 09/04/09 at 0652 EDST

Posted by Eileen Kedersha on September 26th, 2009 9:50 AMPost a Comment (0)

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FPL seeks to raise late fees to stop customer deliquency; make $92 million in 2010

September 26th, 2009 9:49 AM

FPL seeks to raise late fees to stop customer deliquency; make $92 million in 2010

This year, Florida Power & Light Co. expects to collect $44 million in late fees from customers. Next year, it expects to make $92 million. As the economy has worsened, the number of customers paying late has risen. One in four paid late in December.

@ Palm Beach Post | Posted: 09/04/09 at 0330 EDST

Posted by Eileen Kedersha on September 26th, 2009 9:49 AMPost a Comment (0)

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$8,000 First-time tax credit Trapsw, do not get caught Read Article

September 26th, 2009 9:48 AM

First-time tax credit denied

Buyers expecting to get the first-time home buyer tax credit should check the fine print. They may not qualify. The fine print of the tax provision, which gives a credit of up to $8,000 to buyers who have not owned a home in the last three years, disqualifies individuals whose spouses have owned a home during that same period.

@ Miami Herald | Posted: 09/04/09 at 0320 EDST

Posted by Eileen Kedersha on September 26th, 2009 9:48 AMPost a Comment (0)

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$8,000 First-time tax credit denied, do not get caught in this trap

September 26th, 2009 9:47 AM

First-time tax credit denied

@ Miami Herald | Posted: 09/04/09 at 0320 EDST

Posted by Eileen Kedersha on September 26th, 2009 9:47 AMPost a Comment (0)

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Realtor group calls for tax credit extension

September 16th, 2009 3:59 PM

National Association of Realtors calls for tax credit extension South Florida Business Journal - by Jeff Clabaugh Washington Business Journal

The tax credit that has helped lift home sales expires in just over two months, and the National Association of Realtors wants it extended.

The $8,000 first-time homebuyer credit will expire Nov. 30, giving any buyers hoping to take advantage of it a very short window to qualify, when factoring in the time it takes to find a property and to close on its sale.

“Now is the time for Congress to keep this recovery going by extending the tax credit through 2010 and making it available to more homebuyers," NAR President Charles McMillan said. “The credit needs to be available for an additional period of time in order to sustain the progress that’s been made so we can continue to see our markets fully recover.”

The first-time homebuyer credit, which was implemented earlier this year, has brought 1.2 million new buyers into the market, the NAR estimates. It says 350,000 of those buyers would not have purchased a home without the credit

Posted by Eileen Kedersha on September 16th, 2009 3:59 PMPost a Comment (0)

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Electric Cars a Boon for Lot Owners

September 10th, 2009 9:40 AM

Electric Cars a Boon for Lot Owners

Advancing green automotive technology offers a bankable opportunity for those operating recharging stations.

Click link below for full story

http://go-to.realtor.org/r/D4TC79/FK18Z/TR6SY/EN7Y9/L3FDM/CM/t/

Posted by Eileen Kedersha on September 10th, 2009 9:40 AMPost a Comment (0)

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Mortgage Applications Rise as Rates Fall. Dramatic jump in mortgage application September 2009!

September 10th, 2009 9:38 AM

Mortgage Applications Rise as Rates Fall

Application volume rose 17 percent last week compared to the prior week, with refinancings accounting for the lion's share, according to the Mortgage Bankers Association.

Full Story

Posted by Eileen Kedersha on September 10th, 2009 9:38 AMPost a Comment (0)

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July 2009 Pending home sales rise to two-year high

September 2nd, 2009 11:53 AM

Pending home sales rise to two-year high

Housing affordability, the first-time buyer tax credit and lower interest rates have combined to increase the number of Americans purchasing homes for the six straight month.

The National Association of Realtors said pending home sales for July increased 3.2 percent to 97.6, the highest level since June 2007, up from 94.6 in June and 12 percent higher than a year ago, when it was 87.1.

Click Here for Full Article

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http://southflorida.bizjournals.com/southflorida/stories/2009/08/31/daily27.html?ed=2009-09-01&ana=e_du_pap

Posted by Eileen Kedersha on September 2nd, 2009 11:53 AMPost a Comment (0)

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