Dennis Norman

Report looks at impact of the BP Deepwater Horizon Oil spill on Florida Coastal home values

According to a report released this morning by CoreLogic the impact of the BP DeepWater Horizon oil spill on home values in the coastal area’s along the Gulf coast is expected to range from $648 million [...] Related posts:

1. Relief Available For Homeowners with Drywall Issues or Affected by Gulf Oil Spill
2. Report Shows Fraud in Short-Sales Cost Lenders $310 Million Annually
3. Mortgage Fraud Trend Down; Still $14 Billion in 2009 Losses

Dennis Norman

Worst Street In America for Mortgage Fraud is In Orlando (actually they have 5 of the top 10 streets)

According to the 2010 Mortgage Fraud Trends Report released by CoreLogic this week, fraud risk in the mortgage industry has declined by 25 percent since it peaked in the third quarter of 2007. Even [...] Related posts:

1. Mortgage Fraud Continues to Climb
2. California at top of list in 2009 for Mortgage Fraud Reports
3. Report Shows Fraud in Short-Sales Cost Lenders $310 Million Annually

Dennis Norman

I may be getting desperate to find something good to write about with regard to the Housing Market, but nonetheless I found some good news today! According to a report titled “Foreign Investment in U.S. Real Estate” that was released recently by the National Association of REALTORS®, investment in residential real estate [...] Related posts:

1. Closing of Tax Credit Induced Home Purchases Prop-Up Market in June
2. Be sure to check out the new feature – Real Estate Today Radio
3. Signs of Stabilization in U.S. Real Estate Market — Home Price Reduction Levels Drop 26 Percent

Dennis Norman

Last week both Fannie Mae and Freddie Mac announced relief for homeowners with a mortgage insured by either agency (which accounts for over 90 percent of the home loans in the U.S.) that either have drywall problems (the Chinese drywall issue) or are in the Gulf coast area and are affected by the [...] Related posts:

1. HUD may assist homeowners that have problem drywall issues
2. Gulf Oil spill could cost coastal homeowners up to $3 Billion in home values
3. Fannie Mae Issues Guidelines For HAFA Short-Sales and Deed-in-Lieu

1. Former Highgate Manor Operator Pleads Guilty in $11 Million Multi-State Mortgage Fraud Scheme
2. Six Charged with Wire Fraud Based on $20 Million Mortgage Fraud Scheme
3. Forty Indicted in Major East Texas Mortgage Fraud Scheme

Dennis Norman

Sales of existing single-family homes in Florida rose 24 percent in first quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 38,846 existing homes sold statewide in 1Q 2010; during the same period the year before, [...] Related posts:

1. Florida’s Existing Home & Condo Sales Continue to Rise
2. Florida home and condo markets heat up
3. Florida’s Existing Home, Condo Sales Up in November 2009

Dennis Norman

This week, Cher’s former Miami Mansion, which was purchased back in 2006 by Sean Wolfington, sold for $10.45 million – close to $2 million more than its sale price at the peak of the market, according to ONE Sotheby’s.  So while most of the real estate market has been negatively impacted by the [...] Related posts:

1. House prices increased in June in 23 of 25 metro areas
2. The Recession is here to stay for a while
3. Florida’s Existing Home, Condo Sales Up in November 2009

Dennis Norman

Florida’s existing home sales rose in March, which means that sales activity has increased in the year-to-year comparison for 19 months, according to the latest housing data released by Florida Realtors®.

Existing home sales increased 24 percent last month with a total of 16,294 homes sold statewide compared to 13,090 homes sold in March [...] Related posts:

1. Florida’s Existing Home, Condo Sales Up in November 2009
2. Florida Condo Sales Up 67 Percent In First Quarter; Prices Drop 13 Percent
3. Florida home and condo sales rise for 8th month in a row

Dennis Norman

Statewide Florida Open House Weekend April 10th and 11th

The countdown has begun: Only a month remains before the federal homebuyer tax credit expires, so REALTORS(R) in Florida want to put the push on and are sponsoring the first-ever statewide Florida Open House Weekend just in time to help homebuyers find their Florida dream home,” [...] Related posts:

1. Florida home and condo markets heat up
2. State Farm pulls out of Florida
3. Florida home and condo sales rise for 8th month in a row