Imprev rolls out new Craigslist display ad workaround | Inman News

Imprev rolls out new Craigslist display ad workaround | Inman News

A Decline in Pending Home Sales

      A Decline in Pending Home Sales

 

According to NAR or the National Association of Realtors, pending home sales declined for the fourth consecutive month in September. Experts say higher mortgage interest rates and higher home prices may have contributed to the decline in pending home sales.

 

 

Lawrence Yun, NAR chief economist, said concerns over the government shutdown also played a role. "Declining housing affordability conditions are likely responsible for the bulk of reduced contract activity," he said. "In addition, government and contract workers were on the sidelines with growing insecurity over lawmakers' inability to agree on a budget. A broader hit on consumer confidence from general uncertainty also curbs major expenditures such as home purchases."

 

Yun notes this is the first time in 29 months that pending home sales weren't above year-ago levels.

 

 As a professional in the business most buyers I work with are complaining of the lack of inventory and higher home prices may affect their decision on a purchase.

Speaking to other professionals, many state that low appraisals are also contributing to canceled contracts.

 

Please see below for the “ Pending Home Sales Index”.

The Pending Home Sales (PHS) index measures housing contract activity. It is based on signed real estate contracts for existing single-family homes, condos and co-ops

 

The Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 5.6 percent to 101.6 in September from a downwardly revised 107.6 in August, and is 1.2 percent below September 2012 when it was 102.8. The index is at the lowest level since December 2012 when it was 101.3; the data reflect contracts but not closings

 

The PHSI in the Northeast dropped 9.6 percent to 76.7 in September, and is 6.4 percent below a year ago. In the Midwest the index fell 8.3 percent to 102.3 in September, but is 5.7 percent higher than September 2012. Pending home sales in the South slipped 0.4 percent to an index of 116.2 in September, but are 2.0 percent above a year ago. The index in the West dropped 9.0 percent in September to 97.3, and is 9.8 percent lower than September 2012.  

 

Thank you,

Ainsley Daux

Florida Realty

(813)546-1954

Price Reduced........Dover Mansion.......THIS WILL not LAST LONG!!!!!

Custom Built Executive style home located in the highly desired community of Jaudon Ranch Estates. This Impressive custom home is situated on over an acre lot and has mature, plush manicured landscape. As you  pull in the circular drive way, the Mediterranean style home with a tile roof exudes pure elegance. As you enter the home through the double doors with Imperial French antique glass, you can not miss the chandelier to fit a king's castle. As you walk through the foyer you will notice a large formal dining room which is surrounded by Poles. The hall way to the master bedroom has been hand painted with faua finish. There is  oval double door entrance to the master bedroom. The master bedrooms boast his and hers walk in closets, a sitting room and a beautiful well designed stylish master  bathroom. The breakfast nook has double pane bay windows which provides a view to the manicured landscape. THE INCREDIBLE KITCHEN WITH TOP OF THE LINE STAINLESS APPLIANCES,GRANITE,OVERSIZED ISLAND,UPGRADED SOLID WOOD CABINETRY,**Truly a Gourmet Chef's Kitchen**  Incredible GREAT ROOM with Magnificent Wall-to-Wall Built-In EntertainmentCenter/Book Shelves/Storage - DOUBLE SET OF FRENCH that leads to the patio which has a built kitchen. The home also has surround sound and an intercom system. This will not last long.

Ainsley Daux
Florida Realty
(813)546-1954

New Short Sale
Just Listed!!!!
North West home currently rented, centrally located to shopping centers, restaurants and entertainment.
This one is a winner and will not last, please call or email to see this home today.

Ainsley Daux
Florida Realty
(813)546-1954

Unpaid Mortgage debt May go to Collections

Unpaid Mortgage debt May go to Collections

According to The Los Angeles Times (Oct. 13, 2013)

Fannie Mae and Freddie Mac have stepped up their program to collect unpaid mortgage debt from “strategic defaulters”. The term strategic defaulter was coined for homeowners who opt to default on their mortgage even though they had the ability to pay.

The Federal Housing Finance Agency (FHFA) that regulates Fannie and Freddie is pushing them to pursue judgments against the homeowner forcing him or her to pay the deficiency after a home is sold thru foreclosure. This will take place if a home is sold at a foreclosure but the proceeds does not cover the outstanding balance of the homeowner’s loan..

 So far, the office says it has identified about 58,000 foreclosures that Freddie Mac did not refer for collection – and estimated deficiency of about $4.6 billion.

 Some states do not allow deficiency judgments, but in more than 30 states and the District of Columbia, they’re permissible. Florida is one of the states that allows Fannie Mae and Freddie Mac to seek repayment of lost funds.

 
Ainsley Daux is a Licensed Realtor in Florida, he specializes in short sales, working with first time home buyers, working with investors, and selling Florida Homes.

 Ainsley  Daux

Lic Realtor
Florida Realty
(813)546-1954

Just Sold Brandon """HUD HOME"""I did it Again

Just Sold this magnificent Brandon HUD Home  to a Happy Buyer. HUD homes are residential property acquired by HUD as a result of a foreclosure action on an FHA-insured mortgage.
This home boast 3 bedroom 2 bathrooms a garage, over 1000sq ft and centrally located.
Please call or message Ainsley Daux to help you with your home search.
Thank you,

Ainsley Daux
Florida Realty
(813) 546-1954

'''Florida has the Highest Forclosures Rate'''

Interesting news.!!!!

Despite the fact that the Florida Market has shown major improvements in prices and sales volume, Florida has the largest foreclosure volume in the Nation…..Make you say ”Hmmm” according to CoreLogic, no other state was even close.

 The foreclosure fiasco has been going on for 5 years and there is still a s ugh amount of foreclosures, so what about all the modification that were supposed to take place. Stay tuned for that UPCOMING  post.

During the last 12 months, 17% of all foreclosures were in Florida; according to the Irvine, Calif.-based data firm 111,000 of the 658,463 foreclosures were in Florida.

 Michigan ranked No. 2,60,000 foreclosures, and

No. 3 California wrapped up 58,000 proceedings during the period.

No. 4 Texas, with 43,000 foreclosures finalized, and

 No. 5 Georgia, where 40,000 were finished


According to, Corelogic s7.9 percent of mortgaged homes in Florida were in some stage of foreclosure in August. New Jersey ranked second among the states, with 6.2 percent of all its mortgaged residences in foreclosure. New York had 4.9 percent; Maine, 4.0 percent; and Connecticut, 3.9 percent.

Florida also had the highest rate of seriously delinquent mortgages in August with 12.4 percent of its mortgages past due for 90 days or more. That was more than twice the national delinquency rate of 5.3 percent of loans, Corelogic said.

Is it the banks responsibility to keep owner in their homes? That’s an argument that has been going on for years.

Ainsley Daux is a Licensed Realtor in Florida, he specializes in short sales, working with first time home buyers, working with investors, and selling Florida Homes.


Ainsley Daux

 Florida Realty

Lic Realtor

(813)546-1954