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The Danger of National Real Estate News

February 2, 2010

When the national media publishes real estate news it may be contrary to local conditions and may actually harm you when making buying or selling decisions.

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January 2010 Daytona Beach Homes Sales Down and Up

February 1, 2010

Daytona Beach homes and condos sold at a 33.2% slower pace than last month, but were up 29.9% over last January. What’s next?

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Photo Friday – Ormond Beach Florida Sunset

January 29, 2010

Golds and pinks and blues fill this Ormond Beach Florida sunset photo showing the sky as a storm front moves into the area.

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Daytona Beach Homes Months of Inventory Falls 52.4%

January 29, 2010

In the past 18 months, Daytona Beach Homes and Condos inventory, measured in months on the market, has dropped 52.4%.

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2009 Daytona Beach Home and Condo Sales by Price Range

January 25, 2010

88.7% of sales of Daytona Beach Homes and Condos in 2009 were in the under $300,000 price range. See the graph below for the full visual impact.

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Ormond By The Sea January Sunset Photo

January 22, 2010

Colors and light change in a brilliant dance as the sun sets on the western sky on a cool January evening.

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FHA Changes “Flipping” Rules to Help Investors and Market

January 22, 2010

Properties purchased for renovation or repair by investors for resale were not eligible for FHA loans until 90 days after the purchase. As of February 1, that’s changing.

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Get Your FHA Loan Now – Waiting Will Cost You Big Money

January 20, 2010

Borrowers to Pay More for FHA Loans
With rule changes that will be coming in the summer, an FHA loan could cost you 10% more to close. That $20,000 on a $200,000 loan.
3.5% Down Payments and seller concessions of up to 6% will soon be a thing of the past for many. Mortgage insurance premiums will [...]

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Sales of Daytona Beach Condos Up 69.6% in 2009

January 18, 2010

Sales of Daytona Beach Condos increased significantly in 2009, both in sheer volume and as a percentage of all Daytona Beach real estate sales.

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Kiss the Cold Goodbye – Daytona Beach Summer Photo

January 15, 2010

Ah, the summer and the heat and the beach and brilliant sunshine. Just memories during the past two weeks when we’ve seen cold Florida.

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A Time to Give – Helping People in Haiti

January 14, 2010

I would like to point you to an organization that has been helping Haitians for over 25 years with health care and support.

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More Foreclosures on the Way for Daytona Beach Real Estate

January 13, 2010

Foreclosures over the next two years will continue in Florida and around the country as more “interest only” and low payment loans come due for conversion.

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2009 Daytona Beach Real Estate Sales Up 38.1%

January 10, 2010

Sales of Daytona Beach Condos and Homes were up 38.1% in 2009. More homes and condos were sold in the 12 months of 2009 than in the previous 16+ months in 2007 and 2008.

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Sunset At Daytona Beach Muncipal Stadium – Photo Friday

January 8, 2010

Photo Friday – September Sunset at Daytona Beach Municipal Stadium
Football is very popular in Daytona Beach and we have some pretty good football teams. This photo was taken in September during the Mainland vs. Osceola game. Mainland won the game after a big second half comeback.
Football is big in the Daytona Beach area and five [...]

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Aladdin and Sears Home Kits – A Home for $687 – in 1917

January 7, 2010

In Birmingham England there is a bit of Americana that you might never guess. 200 Kit Homes from Aladdin Homes of Bay City, Michigan sit in a cluster. Built during World War II, the English have placed these homes in the British Historic Register.

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Daytona Beach Real Estate Market Boosted by US Treasury

January 7, 2010

There is little doubt that the Daytona Beach homes market has been boosted by US government actions. The home buyers tax credit, FHA, Freddie Mac and Fannie Mae backing mortgages supports the market.

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Beware – Daytona Beach Homes Rental Scam

January 5, 2010

Recently, I had a customer who was trying to rent a home in Daytona Beach or Ormond Beach, prior to making a purchase. He found a unbelievable listing on Craig’s List – WOW!

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FHA Loans for Short Sales – Does The New Policy Affect You?

December 30, 2009

A homeowner short sales their home because the home value is less than the mortgage. Then they spot a great deal on a short sale home. Can they use an FHA loan?

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Mortgage Rates Climb .25% in Past Week – What to Do

December 29, 2009

Yes, mortgage rates are up. Rates have jumped from 4.93% at the beginning of the month to 5.37% today. The question is will they go up further, or stop and reverse.

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Photo Friday – Halifax River Sunrise Ormond Beach Florida

December 27, 2009

River, ocean, canopy roads, bright sunshine and warm weather attracted us the Daytona Beach area in 1995. We stay for the lifestyle and the weather. On Christmas Eve morning, another beautiful sunrise greeted us.

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