National Real Estate Blog

If you closed on a home this year, In order to file for the homestead exemption, you must do it by December 31st. The feedback from industry sources is that the tax credit will be extended - but don't believe anything until you see it! Call you realtor today for updates. Have a great day and [Read More]

We heard that it is very likely that the tax credit will be extended with the following provisions: The proposal (which is still subject to change) would extend the tax credit until April 30, 2010 and also expand it to "move up" borrowers. These are the stipulations: Credit is changed [Read More]

Last Friday, U.S. Sen Bill Nelson mailed a letter to the Florida House and Senate leaders requesting that they start an investigation to determine whether federal funds that have not yet been used could be earmarked for homeowners that are suffering the repercussions of Chinese Drywall. Nelson sugg [Read More]

Many struggling homeowners have been turned down when applying for the Obama Administrations Making Home Affordable Program due to typos, bank employee errors and lost faxes. This problem has been acknowledged by the Treasury Department and mortgage giant, Freddie Mac has begun the Second Look Prog [Read More]

According to Reis, the U.S. apartment market national vacancy rate has hit a 23 year high, rising to 7.8%, regardless of landlords efforts to keep their tenants! Reis predicts the apartment vacancy rate to reach beyond the 8% mark no later than next year, which would mark the highest rate in nearl [Read More]

New figures that were released Friday showed that last month the Nation's unemployment rate has risen to 9.8%!  To give you a better idea, that's 15.1 million Americans that are without a job! This is the highest unemployment rate  the Nation has seen in 26 years. Meanwhile in th [Read More]

July marked the third month in a row that home prices have shown an incline on a monthly comparison, according to the Standard & Poor's/Case-Shiller home price index. In a yearly comparison, the home prices are still down 13.3% from 2008 and 33% from 2006, however the slight rise in July ca [Read More]

Over the summer, the Consumer Product Safety Commission (CPSC) promised to release the results of the testing that was to take place on Chinese Drywall by September of 2009. The deadline was then pushed to October and now the CPSC is further delaying the results to be released in November. Meanwhil [Read More]

Due to the first time home buyer credit of $8,000 home buyer tax credit passed by Congress this year, several surveys that were conducted have recent home sales between 350,000 to 400,000. Let's hope they extend it.