August 2009

Florida Real Estate Rebounding!

ORLANDO, Fla. – July 23, 2009 – Florida’s existing home sales rose in June – the 10th consecutive month that sales activity showed gains in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide sales in June also increased over the previous month’s sales level in both the existing home and existing condominium markets. And, for the second month in a row, the statewide median sales price for existing homes was higher than the previous month’s statewide median.
Existing home sales rose 28 percent last month with a total of 15,850 homes sold statewide compared to 12,339 homes sold in June 2008, according to FAR. Statewide existing home sales in June increased 13.8 percent over May’s statewide activity.

© 2009 FLORIDA ASSOCIATION OF REALTORS

The Basics: 2009 First-Time Home Buyer Tax Credit

The tax credit now allows buyers with FHA loans to use the credit towards closing costs, make a larger downpayment, or buy down interest rate. Learn more about the 2009 First-Time Home Buyer Tax Credit, including which purchasers and properties qualify and for how much.

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From Realtor.org

Making Home Affordable Program

On February 18, 2009, President Obama announced his Making Home Affordable Program (MHA), designed to help up to 7-9 million families avoid foreclosure by restructuring or refinancing their mortgages. In doing so, the plan not only helps responsible homeowners behind on their payments or at risk of defaulting, but prevents neighborhoods and communities from being pulled over the edge too, as defaults and foreclosures contribute to falling home values, failing local businesses, and lost jobs.

For more detailed information, visit MakingHomeAffordable.gov.

From Realtor.org buyers information.