Tracey Clay's (claycompany) Blog

Part of the Washington Stimulus Package from both last year and this year was the creation of an income tax credit for first-time home buyers. One significant change to the original credit this year was that the amount of the possible credit was increased to $8,000, up from $7,500 and that it doe...

Florida's existing home, condo sales up in June 2009 August 03, 2009 - Special to the Daily News ORLANDO - 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 F...

Where do home prices really stand? NWF DAILY NEWS June 29, 2009 WASHINGTON - Is the historic U.S. housing market crash close to being over, or is the end still far, far away? While sales finally seem to be stabilizing, prices are still are likely to keep sinking well into next year and maybe long...

Published on Tuesday, March 3, 2009, 7:36 AM Last Update: 13 hour(s) ago by Bob Corcoran Tags: Stimulus Package "Whether it is the best of times or the worst of times, it is only time we have."               ---- Art BuchwaldYou had to love Art. He had some great quotes. And this one really puts ...

Federal Reserve Surprises Financial Markets Here we go again, with the talking heads on financial news misinterpreting the impact of the Fed's actions on home loan rates. Here's the scoop. What the Fed just announced is huge - they have committed to buy another $750B in Mortgage Backed Securities...

Unlike densely populated South Florida or theme-park epicenter Orlando, the western panhandle of Florida has no big cities, and trendy nightclubs are few and far between. The region is not exactly sleepy, with plenty of golf courses and resort developments, but for many years it hasn't drawn much...

Fannie Mae Rescinds 4-Property Maximum: Up To 10 Properties Allowed For "Bona Fide" Real Estate Investor Most people agree - purging home inventory is paramount to the housing recovery, Fannie Mae just made that recovery a lot more likely.  Effective immediately, Fannie Mae is rescinding its 4-fi...

The foreclosure totals for 2008 are in, and the numbers are staggering. Nationwide, foreclosures were 81% higher than 2007. The news in Bay County/Panama City is even worse. Last year, almost 21-hundred Bay County homes or condos were in some stage of foreclosure, and increase of a 168% from 2007...

PORT WASHINGTON, N.Y. (MarketWatch) -- And now for some good news: The mother of all housing corrections appears to be nearing an end. Nationwide, prices of new and existing homes are now only about 7% away from being as affordable as they were during the 1980s -- when the housing market was boom...

The truth is that Distressed Sales have become all too common, but there are few bright spots!  There is no question that the market will take an upswing.  Buying distressed property now is a fantastic way to position yourself positively for that inevitable turn upwards. The advantages that a suc...