Exit Realty Premier's (pmorton) Blog

Pending home sales eased against a deteriorating economic backdrop but remain in a stable range, according to the National Association of Realtors® (NAR).The Pending Home Sales Index (PHSI), a forward-looking indicator based on contracts signed in October, slipped 0.7 percent to 88.9 from an upwa...

Exit Realty Florida held their 5th 50g event, an innovative marketing strategy to create activity in tidays market, on December 4, 2008 at North West Regional Library in Coral Springs, Fl. Realtors from all over south Florida gathered to participate in a game of skill, in which one lucky realtor,...

Countrywide Financial Corp.'s agreement last month, which requires it to relax the terms of some 400,000 mortgages, was good news for struggling homeowners. But a New York law firm says the settlement isn't fair to the people who invested in Countrywide's mortgage-backed securities, and it's tryi...

ORLANDO, Fla., Nov. 18, 2008 - Sales of existing single-family homes in Florida rose 5 percent in third quarter 2008 compared to the same period last year, according to the latest housing statistics from the Florida Association of Realtors® (FAR). A total of 33,203 existing homes sold statewide i...

Does Florida's new Foreclosure Rescue Fraud Prevention Act (F.S. 501.1377) prohibit real estate licensees from being involved in short sales? According to Florida Attorney General Bill McCollum in a letter to FAR President Chuck Bonfiglio, the answer is no, provided the only compensation sought b...

The government expects only 20,000 troubled borrowers will apply to refinance into more affordable home loans by next fall under a new mortgage aid program passed by lawmakers over the summer.The $300 billion "Hope for Homeowners" program was launched Oct. 1. Designed by lawmakers eager to respon...

The National Association of Realtors (NAR) has stepped up its challenge to lawmakers, encouraging them to take new, decisive actions to address the continuing problems in the housing industry, as well as the ongoing economic crisis."Our members see firsthand the impact an unstable housing market ...

With an unstable American economy and slowdowns in the housing market, most consumers are open to the federal government taking a more active role in overseeing mortgage and lending practices, according to the 2008 National Housing Pulse Survey, an annual survey released today by the National Ass...

Real estate ads these days include listing after listing of bargain-basement prices. But those who buy a home in a foreclosure or a pre-foreclosure sale should know that future property bills may be no bargain.Just because someone snags a home at a low price doesn't mean the tax bill will tumble....

Republican John McCain on Wednesday touted his plan to have government buy up bad mortgages, while Democrat Barack Obama said his rival's approach would hurt taxpayers and help bad lenders.A day after the second presidential debate was dominated by exchanges on the sagging economy, McCain told su...