Daily Real Estate News April 4, 2008
States Enact Roadblocks to Foreclosure
States are responding aggressively and ahead of the federal government in helping home owners avoid foreclosure.Here's what some states have been doing:
Ohio has contracted with more than 1,000 attorneys to work with borrowers free of charge to block foreclosures.
Illinois is considering a bill that would impose a 60-day moratorium on some foreclosures.
Maryland has enacted emergency legislation to give borrowers at least 150 days to cure defaults, effectively creating a short-term moratorium on foreclosures.
Minnesota is considering requiring lenders to honor a borrower’s request for a 12-month deferment.
Beginning May 1, borrowers in Massachusetts will have 90 days to cure any defaults before their mortgage company can foreclose.
The Mortgage Bankers Association opposes foreclosure moratoriums.Source: The Wall Street Journal, Ruth Simon and Amy Merrick (04/04/08)
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Saturday, April 5, 2008
Thursday, April 3, 2008
Panama City Beach Florida Real Estate Market Trends
Panama City and Panama City Beach Florida Market Trends for the week of 4/4/08 are now available.
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
FLORIDA
Panama City
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
Panama City Beach
2008 Resale Housing Trend Report
2007 Resale Housing Trend Report
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
www.InvestSmarter.com
www.RandBCoastalRealEstate.com
Depreciation Hits High-Priced Homes
Daily Real Estate News April 3, 2008
Depreciation Hits High-Priced Homes
Zillow Finds Higher-Priced Homes Losing More Value Than Lower-Priced OnesA new report from Zillow.com breaks down the housing markets in 125 Metropolitan Statistical Areas (MSAs) into five equal-size value bands – Bottom, Lower Middle, Middle, Upper Middle and Top –to examine how the challenging market has affected prices in each price category.Nationally, higher valued homes, representing the top 20 percent of the market, have seen values decline more significantly than lower valued homes. Homes in the top quintile declined 7.5 percent from 2006 while bottom quintile homes depreciated least, down 0.7 percent.In some markets, homes in the lowest value band even performed significantly better than those in the middle. Those areas included, Chicago, Detroit, Seattle, Baltimore, Portland, Ore., and Nashville, Tenn.But this trend didn’t hold true in all markets. Higher-priced homes in Boston, San Francisco, Washington, D.C., New York City and Los Angeles held their value better than lower-priced homes in the area.Source: Zillow.com (04/01/2008)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
Depreciation Hits High-Priced Homes
Zillow Finds Higher-Priced Homes Losing More Value Than Lower-Priced OnesA new report from Zillow.com breaks down the housing markets in 125 Metropolitan Statistical Areas (MSAs) into five equal-size value bands – Bottom, Lower Middle, Middle, Upper Middle and Top –to examine how the challenging market has affected prices in each price category.Nationally, higher valued homes, representing the top 20 percent of the market, have seen values decline more significantly than lower valued homes. Homes in the top quintile declined 7.5 percent from 2006 while bottom quintile homes depreciated least, down 0.7 percent.In some markets, homes in the lowest value band even performed significantly better than those in the middle. Those areas included, Chicago, Detroit, Seattle, Baltimore, Portland, Ore., and Nashville, Tenn.But this trend didn’t hold true in all markets. Higher-priced homes in Boston, San Francisco, Washington, D.C., New York City and Los Angeles held their value better than lower-priced homes in the area.Source: Zillow.com (04/01/2008)
www.RandBCoastalRealEstate.com
www.InvestSmarter.com
www.Panama-City-Beach-Florida-MLS.com
www.Panama-City-Beach-Florida-Condominiums.com
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