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  • Economy appears headed for strong finish for 2010

    WASHINGTON (AP) – Dec. 3, 2010 – The economy is showing new life in the final months of the year. Factories are busier, construction spending is up, and auto sales are rising. And on Wednesday the stock market had its best day since September after a report that the private sector hired the most workers in three years. The Dow Jones ...
    Posted to Placida Properties (Weblog) by 797316 on December 3, 2010
  • Strong rebound in pending home sales

    WASHINGTON – Dec. 2, 2010 – Pending home sales jumped 10.4 percent in October, showing another positive uptrend since bottoming in June, according to the National Association of Realtors®. The Pending Home Sales Index (PHSI), a forward-looking indicator, rose to 89.3 based on contracts signed in October from 80.9 in September. The ...
    Posted to Placida Properties (Weblog) by 797316 on December 2, 2010
  • Florida’s consumer confidence retains most gains

    GAINESVILLE, Fla. – Dec. 1, 2010 – Florida’s consumer confidence dipped only slightly in November to 72 after a large jump in October, portending good news for holiday retailers as higher levels of optimism remained in effect, according to a new University of Florida (UF) survey. “The confidence reading in November fell ...
    Posted to Placida Properties (Weblog) by 797316 on December 2, 2010
  • Why real estate headlines are so confusing.

    Here's a link to an interesting article on why the headlines regarding real estate can be hard to understand. Englewood Sun Herald Story  
    Posted to Placida Properties (Weblog) by 797316 on November 23, 2010
  • Moody’s hopeful on recovery, notes pent-up Fla. demand

    PHOENIX – Nov. 15, 2010 – The pace of the national recovery is moderating and the lift spurred by nearly $800 billion in federal stimulus spending is fading, but there are several promising signs that growth will continue, including in Florida, a leading national fiscal analyst told reporters Friday morning. Moody’s Analytics ...
    Posted to Placida Properties (Weblog) by 797316 on November 16, 2010
  • Mortgage rates fall to fresh lows this week

    Mortgage Rate Trend Index Mortgage rates could be headed up over the next week or so: 50% of the mortgage industry experts polled by think they’ll rise; 29% think rates will fall; and 21% believe they’ll remain relatively unchanged. NEW YORK (AP) – Nov. 12, 2010 – The mortgage rate bar is even lower, but few ...
    Posted to Placida Properties (Weblog) by 797316 on November 12, 2010
  • Mortgage Interest Deduction Vital to Housing Market

    By: Dona DeZubePublished: October 29, 2010The home mortgage interest deduction saves the average home owner thousands of dollars at tax time, supports home values at the community level, and helps American home buyers get into their first house. How the deduction worksIn general, any home owners who pay U.S. taxes and who itemize their taxes can ...
    Posted to Placida Properties (Weblog) by 797316 on November 10, 2010
  • Global investors poised for activity

    SEATTLE – Nov. 9, 2010 – The United States’ investment sales market has the potential for increased fluidity in the year ahead, based on findings from Colliers International’s Q3 2010 Global Investor Sentiment Survey. More than six out of 10 U.S. real estate investors responding to the survey indicated that they are ...
    Posted to Placida Properties (Weblog) by 797316 on November 9, 2010
  • Mortgage rates rise to 4.24%, near record low

    WASHINGTON (AP) – Nov. 5, 2010 – Rates on 30-year fixed mortgages edged up this week to an average of 4.24 percent, still close to their lowest level in decades. The average rate for 30-year fixed loans rose from 4.23 percent the previous week, mortgage buyer Freddie Mac said Thursday. It was the third weekly increase in a row. Rates ...
    Posted to Placida Properties (Weblog) by 797316 on November 5, 2010
  • Mortgage Applications Rise

    Mortgage Applications Rise Mortgage applications to purchase homes rose 3.9 percent last week compared to the previous week on an adjusted basis. On an unadjusted basis, purchases rose 3.5 percent compared with the previous week, but were 30.3 percent lower than it was the same week a year ago. Including mortgage applications to refinance, ...
    Posted to Placida Properties (Weblog) by 797316 on October 27, 2010