Well folks – we’re going on week 2 of a scenario where Florida mortgage markets started strong and then petered out.
Tag Archive: US
What the Federal Reserve Did: In Plain English (March 18, 2009)
TweetFlorida mortgage rates should remain low, as the Federal Open Market Committee (FOMC) voted to leave the Fed Funds Rate right where it’s been, within the target range of 0.000-0.250 percent. That said, the Fed was far from inactive today. On plan to resurrect the economy using “all available tools,” today, Uncle Ben and company…
13 Percent of U.S. Homes Are Late Paying Or In Foreclosure – Or Not…
TweetAccording to data fudged data compiled by RealtyTrac, 1 in 8 U.S. homes were in various stages of default or delinquency at the end of 2008. This story was all over the news last week. However, it’s only half true. See, USA Today posted a 2008 Foreclosures By State heatmap last week, which reinforced an…
As of October 2008 – Americans Still Buying Existing Homes at a Modest Clip
TweetThe term Existing Home in real estate speak, refers to a home that’s in “used” condition – a home that cannot be categorized as “new construction.” The steadfast pencil pushers, statisticians, and number crunchers over at the National Association of REALTORS calculate the sum of Existing Homes sold on a monthly basis. For most…
