Please be sure to check with your tax advisor, currently it appears you will need the following documents. Form 5405 HUD-1 (Signatures according to area practice) Repeat Buyers – Proof of living in prior property for 5-8 years Full Story

New homes sales are traditionally down in December, more so this year with the third quarter push to meet the tax incentive deadline.  However in 2009, the Orlando Metro area finished with new contruction under $200,000 up by 30%, even with other new home construction segments falling. Looking at new construction?  Coldwell Banker Ackley Realty has specialized New Home Buyer Associates that will assist you...

Fannie Mae is offering up to 3.5% in closing-cost assistance to any owner-occupant who purchases a Fannie Mae property listed before May 1, 2010.   Eligible properties list can be obtained by emailing info@coldwellbankerackley.com or by searching on Fannie Mae’s Home Path website.

“The Orlando metropolitan statistical area posted an 8.2 percent year-end foreclosure rate, with one in every 12 households receiving a filing. A total of 72,141 filings — including notices of default, auction notices and bank repossessions — were filed on Orlando MSA homes last year, a 54 percent jump when compared with 2008’s 46,843. Osceola County, meanwhile, had the highest foreclosure rate in...

The Washington Business Journal reports that pending homes sales, rose 3.7 percent in October according to the National Association of Realtors. In addition the NAR predicts a balance between buyers and sellers by the middle of 2010. Full Article

According to the Fannie Mae monthly economic and mortgage market analysis predictions state that the economy will achieve reasonable growth in the fourth quarter of this year. “The question is whether the growth will be durable, especially after policy supports [stimulus] and the inventory cycle wane,” its economists said. “Our forecast continues to show that growth is likely to moderate somewhat in...

A whopping 79.6% more existing homes were sold in October in Orlando than in same month 2008 according to the Orlando Regional Realtor Association. Members of the association sold 2,206 existing homes in October, comparing to only 1,228 closings in the same month a year ago. Orlando homebuyers purchased 188 duplexes, villas and townhomes in October a mild increase from 103 in October of 2008. Condo sales totaled...

According to the National Association of Realtors, housing and the economy are headed on for a positive sustainable recovery. Credit for this outlook goes to the Homebuyer Tax Credit which is working better than expected says Nar Chief economist Lawerence Yun. Existing home sales in 2009 are also expected to rise to a total of 5.01 million which would be a gain of 2% from 2008 and then to rise to 13.6 percent...

November 5th was a huge day in the real estate world. The United States House of Representatives voted in favor of extending the Homebuyer Tax Credit and also include provisions for current homeowners. In this extension current homeowners who are buying a new primary residence are now eligible for a $6,500 tax credit. Military families also have more flexibility in there timing as well. Other measures included...