September 20, 2007. Tampa, Fl.
The Federal Reserve Board’s half-point cut in a key interest rate yesterday surprised most analysts who expected a more modest quarter-point cut. The move should help homeowners with ARMs and perhaps homebuyers considering an ARM.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n1-091907.cfm
September 19, 2007. Tampa, Fl.
The U.S. Commerce Department reported Wednesday that construction of new homes fell by 2.6 percent in August to a seasonally adjusted annual rate of 1.331 million units – its slowest level in 12 years.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-091907.cfm
Tampa, Fl 9/11/2007
Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to NAR’s latest forecast. Still, “The volume of existing-home sales this year will be better than 2002, which was the second year of the housing boom,” says NAR Senior Economist Lawrence Yun.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n2-091107.cfm
Tampa, Fl 9/10/2007.
The number of homeowners receiving foreclosure notices hit a record high in the second quarter, driven up by problems with subprime mortgages. The delinquency rate, which tracks the number of homeowners with late mortgage payments, was also up sharply.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n3-090707.cfm
9/07/2007 Tampa, Fl .
Looking for a ray of sunshine in today’s overcast housing market? Here’s one: foreign buyers. The rise of the euro, combined with the decline in U.S. home prices, allows Europeans to buy a U.S. home at the equivalent of 2002 prices.
Read the full story:
http://www.floridarealtors.org/NewsAndEvents/n5-090707.cfm
