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Fleysher Law Blog

Rental Properties

Landlords Gain As Demand For Rental Properties Increase

In a report provided by the U.S. Census Bureau in Washington, D.C. the number of rental properties that are inhabited by renters grew by 2 million last year. The number of available rental properties has fallen 7 percent in the fourth quarter; the lowest it has been since 1993. Since the job market has picked up more young people are about to leave their parent’s homes and start their lives.

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home prices

Home Price Gains Have Slowed Down

September brought on the slowest rise in home prices while providing decent sale gains and more variety in sale inventory. According to the Standard & Poor’s/Case-Shiller index of home prices in 20 major cities, September marked a 4.9 percent increase; in comparison to a year ago but a 5.6 percent decrease compared to August. For the first time in seven months, the 20-city index was unchanged. Nine of the 20

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refinance

The Drop in the Market Might Be a Blessing In Disguise For Refinancers

An absurd amount of Americans are questioning whether or not they should refinance their mortgage. This is due to the unexpected fall of rates last week. These inquiries were coming in by the millions from current homeowners and soon-to-be-homeowners who are looking for a bargain. The favorable circumstance came from the commotion that got the financial market, affecting the bond yields. And, the stock prices that sent them sliding. Since

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Loans

Foreign Investors Are Procuring More Loans

Lenders are granting non-U.S. residents better access to credit, i.e., loans, in order to finance investment properties or vacation homes. This is happening through a foreign-national mortgage without them ever having to step into the U.S. This loan service for people abroad requires that they put at least 40 percent down on a property. These international investors are assisting close the gap left by the American people. The domestic investors

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home sales

New-Home Sales Include New Incentives

As the real estate market has begun to cool down, many builders are throwing incentives to prospective buyers to see who will bite. Some are including pools or built-in barbecues. Meanwhile, others are agreeing to cover up to $10,000 in closing costs or subsidize mortgage rates. From Sacramento, California to Orlando, Florida builders are doing their best to entice buyers. They do this by providing more freebies for new homes.

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Investors

As Investors Retreat, Home Values Stall

The increase in home prices has begun to slow down due to less interest from investors. On a seasonally adjusted basis, during the month of June, property prices only rose 0.1 percent, according to the Federal Housing Finance Agency; as opposed to the estimated 0.5 percent that data gathered by Bloomberg predicted. After helping to drive prices up, investors are now pulling back. They are doing this due to a

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Developmental Program

Developmental Program For Accelerated Substitute to Foreclosure

The U.S. bankruptcy trustees have initiated a developmental program. The program could drastically quicken the sale process of homes by Fannie Mae, Freddie Mac, and other major lenders. Instead of allowing properties to sit on the sidelines while the bankruptcy process plays out, the program would cut years off the sale of said properties and received compensation from sold properties to repay unsecured lenders. What Is The Idea Behind This

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Broward County

Housing Boost for Broward County

Home sales have continued to rise in the past couple of months nationwide. In Broward County, it is no different. Those who are attempting to sell their properties are finding that there are a lot more self-assured buyers with the now steading housing market. Therefore, the interdependence between buyers and sellers will unravel the economical housing options in Broward County. In fact, close to 94 percent of single-family homes put

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settlement

Bank of America Pays Florida $1 Billion in Settlement

The Florida Attorney General’s Office declared that Bank of America will be providing a billion dollars for relief. It will go to approximately 17,000 Floridians over a settlement for mortgage security fraud. Bank of America Corp paid $16.65 billion to finalize the investigation; for the sale of harmful mortgage securities by federal, Florida. And, other states during the housing bubble. The homeowners and communities that were the most affected during

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Fort Lauderdale

Billion Dollar Condo Redevelopment Comes to Fort Lauderdale

In the past 36 months, developers of the Greater Downtown Miami area have announced their plans. The plans have to do with the creation of 65 new Towers; while the Fort Lauderdale area has sat by unproductive. This, however, was changed with news released last week. In a report provided by the Sun-Sentinel, the partnership group that manages the Galleria Mall in Fort Lauderdale has disclosed a Billion reinvention plan.

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