Move My Realty - Real Estate News

A bill was approved this week by the US House of Representatives that would cut the cost of upfront mortgage insurance fees on FHA loans for first-time home buyers who take part in housing counseling.  The new bill requires new home buyers to complete a housing counseling program about maintaining homeownership to be eligible for a 25-basis-point discount on their FHA mortgage insurance loan.  While the bill still needs Senate approval and the president's signature, it could be improve financial literacy for first-time-buyers while providing an incentive discount.

Source: “New Bill Slashes FHA Mortgage Insurance for First-Time Homebuyers,” HousingWire (July 10, 2019)
Posted by Ron Mastrodonato on July 15th, 2019 1:33 PM
The Pending Home Sales index of contracts signed on existing homes rose 1.1% in May. This suggests closed Existing Home Sales, which rebounded nicely in May, should continue their upward move in June.
But New Home Sales took a 7.8% dip in May, to a 626,000 annual rate, 3.7% down from a year ago. However, total new home sales from January to May this year are UP 3.7% over the same period in 2018.
Last week, the President signed a bill lifting the cap on no-down-payment VA loans for service members and veterans, and created a White House Council charged with "eliminating regulatory barriers to affordable housing."

Posted by Ron Mastrodonato on July 1st, 2019 2:36 PM
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Listings Photo
$131,973.00
7202 WHIST WAY

New Port Richey, FL 34655



Beds: 2 Rooms: 2
Full Baths: 1 Sq. Ft.: 806
Garage: 0 Built: 1977
 

7202 Whist Way, NPR FL 34655
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Ron Mastrodonato
Elevate Real Estate Brokers
7274798230
www.movemyrealty.com



 
  Visit this listing here
Posted by Ron Mastrodonato on February 28th, 2019 1:03 PM
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Listings Photo
$74,947.00
4345 TAHITIAN GARDENS CIR #D

Holiday, FL 34691



Beds: 2 Rooms: 2
Full Baths: 1 Sq. Ft.: 825
Garage: 0 Built: 1979
 

4345 TAHITIAN GARDENS CIR #D
This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google? Earth satellite
images, and much more.
 

If you have any questions
about this property or
require more information,
please feel free to call.

Ron Mastrodonato
Elevate Real Estate Brokers
7274798230
www.movemyrealty.com



 
  Visit this listing here
Posted by Ron Mastrodonato on November 10th, 2018 1:01 PM

Fla.’s median prices, new listings up in Jan.

 

ORLANDO, Fla. – Feb. 21, 2018 – Florida's housing market reported rising median prices and more new listings in January, according to the latest housing data released by Florida Realtors®.

"There's an ongoing shortage of housing inventory in many markets across Florida," says 2018 Florida Realtors President Christine Hansen, broker-owner with Century 21 Hansen Realty in Fort Lauderdale. "January's statewide homes sales reflected the tight supply, and – when combined with rising median sales prices – it puts pressure on potential homebuyers. Working with local Realtors can help buyers and sellers understand the factors influencing their local markets.

"On the buyer front, new pending sales for existing single-family homes in January ticked up slightly, 0.1 percent, year-over-year; pending sales for townhouse-condo units increased 8.1 percent. On the sellers' side, new listings for single-family homes rose 1.1 percent year-over-year, while new townhouse-condo listingsincreased 3.6 percent."

Sales of single-family homes statewide totaled 16,564 last month, down 1.3 percent compared to January 2017. Meanwhile, the statewide median sales price for single-family existing homes was $240,000, up 9.1 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Thestatewide median price for condo-townhouse properties in January was $179,900, up 11.7 percent over the year-ago figure.

January marked 73 consecutive months that the statewide median sales prices for both single-family homes and townhouse-condo properties rose year-over-year. The median is the midpoint; half the homes sold for more, half for less.

According to the National Association of Realtors (NAR), the national median sales price for existing single-family homes in December 2017 was $, up percent from the previous year; the national median existing condo price was $549,560; in Massachusetts, it was $382,000; in Maryland, it was $275,674; and in New York, it was ®Chief Economist Dr. Brad O'Connor.Lately, condo and townhouse sales growth has been outpacing that of single-family homes, and the reason is that the picture for condos and townhouses has been much more balanced. The single-family home market, by contrast, continues to be held back by inadequate levels of new construction."

January's for-sale inventory remained tight with a 3.9-months' supply for single-family homes and a 5.9-months' supply for condo-townhouse properties, according to Florida Realtors.

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.03 percent in January 2018, down from the 4.15 percent averaged during the same month a year earlier.

To see the full statewide housing activity reports, go to the Florida Realtors Research & Statistics section on floridarealtors.org. Realtors also have access to local market stats (password protected) on Florida Realtors' website.

© 2018 Florida Realtors®  
Posted in:Real Estate
Posted by Ron Mastrodonato on February 22nd, 2018 11:25 AM

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