Who would have thought in this time of financial crises due to subprime loans and zero money down that there would be a government program that would allow for 100% financing on a home. This loan offered by the USDA allows home buyers the opportunity to receive 100% financing on … Read More »
Archive for March, 2009
100% Financing Is Available Through USDA
Tuesday, March 31st, 2009February New Home Sales Show A Suprise Increase Of 4.7%
Wednesday, March 25th, 2009In a surprise turn around, February new homes sales posted a 4.7% increase. While this sounds like good news, sales for the month were the second worst on record dating back to 1963. February sales were still down 40% from the same period in 2008. Also noted the median sales … Read More »
February Foreclosure Filings Hit 7690 For Metro Orlando Area
Thursday, March 12th, 2009With still no end in sight, February foreclosures for the 4 county metro Orlando area hit 7690. Despite the federal government’s efforts to slow down the number of foreclosures by imposing a 45 day moratorium, the number of filings for distressed properties continues to flow in. Statewide there are 46,391 … Read More »
Home Affordability Returns To Orlando
Wednesday, March 11th, 2009The price correction for all residential Real Estate in Central Florida has had a positive impact for first time home buyers. The latest affordability index shows that the Orlando housing market has slipped below the national average. The index also shows that home prices affordability is relative to the local … Read More »