Daytona Beach Real Estate

Last year, sales at any point in the year where never ahead of 2008 Daytona Beach homes sales. This year we start off January 29% ahead.

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Big news is rumored to be coming out of Washington that could spur home sales in Daytona Beach and around the country. How does a 4.5% mortgage sound?

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When people wake up tomorrow morning and open their LA Times, there will be no Real Estate section for the first time in 107 years.

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With more sales still to be recorded, Sales of homes and condos in Daytona Beach and Ormond Beach reached the highest monthly total for this year.

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The Senate passing the housing bill can only do good things for the Daytona Beach Housing and Condo market. The benefit are two fold:

* Fewer homes will come on to the market
* Positive news

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How Does IndyMac Failure Affect Daytona Beach Real Estate
The failure of IndyMac will have little affect on Daytona Beach Home and Condo owners. On Friday, July 11, 2008, IndyMac bank out of California was “taken over” by the Federal Government. This is the second largest bank failure in US history.
The bank informed Federal banking regulators [...]

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Mortgages rates are up 1/2% over the past two weeks. This is not good news for people in the market for Daytona Beach Homes or condos. The 30 year fixed conventional mortgage rate was at 5.8% two weeks ago. The rate today is 6.3%.

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Mortgage rates moved up about 3.5% over the last week from 5.8% to 5.99%. If you are in the market for a new home or condo, or considering a purchase in the near future, you should be paying attention to the rates.

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The New Role of Real Estate Agents and Home Owners
Home owners will use online services to set their price and online home marketing sites to market it. Real estate professionals will get paid if they bring a buyer, but their services will not be required for listing the home.
That’s what an article at CNN titled, [...]

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$70,000 is a lot of money. That’s the estimate for an average foreclosure when all costs are included.

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