Wednesday, March 26, 2008

HOMEBUYERSRecognizing that the current market favors buyers, 77 percent of respondents in a MarketTools survey said that the time is right to buy a home - a 20 percent increase compared to a similar January survey.Read the full story: __________________________

Monday, March 24, 2008

Breaking News

Home sales rose by 2.9 percent in February, the first increase after six straight declines, trade group reports.
from today 3-24-08

Monday, March 17, 2008

HOME VALUESThe real estate mantra of "location, location, location" rings particularly true in a slow market. Encourage your buyers to do their research, because choosing the right neighborhood could have a big effect on whether or not their home turns out to be a winning investment.Read the full story:
STUDY SAYS: MILD HOUSING RECOVERY ON THE WAYIt looks like the housing market may have hit bottom, setting the stage for a mild housing recovery to begin prior to year-end 2008, according to a new study by SMR Research Corp. The market's recovery is likely to be gradual, with house prices merely firming up or increasing slightly, rather than returning to the strong growth seen from 2002 to mid-2006, the firm said. An SMR study was among the first to declare (in 2002) that a housing price bubble existed, defined as prices rising faster than consumer incomes. In a 2004 study, SMR forecast that a "perfect storm" in credit quality would cause an explosion in foreclosures within two years. SMR specializes in mortgage and home equity loan industry research. "Our prior forecasts were accurate but widely disbelieved when issued," says SMR President Stuart A. Feldstein. "We similarly expect a skeptical reaction now to a recovery forecast, which is not the common view. But the numbers are what they are." The new recovery forecast was published within SMR's annual spring study. "Homes are now affordable again," Feldstein says. "Consumer psychology is the biggest remaining hurdle to recovery." © 2008 FLORIDA ASSOCIATION OF REALTORS