September 2013 Pinellas County Real Estate Statistics Report is here!

Your Monthly Pinellas County Real Estate Statistics report for September 2013 is here! The market continues its slow climb up the ladder to better sales and activity. The flood insurance rate increases and effects of the government shutdown are being felt, but our numbers are still good compared to this same time last year. Please visit AtHomeTampaBay.com for the […]

Fla. looking at alternatives to fed flood insurance

TALLAHASSEE, Fla. – Oct. 9, 2013 – With thousands of homeowners locked in their homes because of spiraling flood insurance rates, Florida regulators are working on a program to lure private companies to write flood insurance in the state as an alternative to the federal program. The Florida Office of Insurance Regulation is talking to […]

Senator: Flood insurance bill blocked by politics

CLEARWATER, Fla. – Oct. 3, 2013 – The government shutdown wasn’t the biggest grievance against Congress voiced by Gov. Rick Scott and a group of state and local leaders here Tuesday. A throng of homeowners, real estate agents and city officials who met outside the Pinellas Realtor Organization’s building expressed shock and anger that officials […]

Average U.S. 30-year mortgage rate down to 4.32%

WASHINGTON – Sept. 27, 2013 – Average U.S. rates on fixed mortgages fell this week to their lowest point in two months. The decline follows the Federal Reserve’s decision last week to hold off slowing its monthly bond purchases. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan dropped to […]

45% of U.S. sales in August were cash purchases

IRVINE, Calif. – Sept. 26, 2013 – U.S. residential properties, including single family homes and condominiums and townhomes, sold at an estimated annualized pace of 5.6 million in August, up 2 percent month-to-month and 12 percent year-to-year, according to RealtyTrac’s August 2013 U.S. Residential & Foreclosure Sales Report. The national median sales price in August […]

August 2013 Pinellas County Real Estate Statistics Report is here!

Your Monthly Pinellas County Real Estate Statistics report for August 2013 is here! The great news is that new listings are up 25% (single family homes) and 16.4% (townhomes/condos) from this same time last year. Median sales prices are also up. Inventory is still lower than this same time last year and we are still in a […]

Home prices rise 12.1% in June

WASHINGTON (AP) – Aug. 27, 2013 – U.S. home prices rose 12.1 percent in June from a year earlier, nearly matching a seven-year high. But month-over-month price gains slowed in most markets, a sign that higher mortgage rates may weigh on the housing recovery. The Standard & Poor’s/Case-Shiller 20-city home price index slowed only marginally […]

Fla.’s housing market continues positive track in July 2013

ORLANDO, Fla. – Aug. 26, 2013 – Florida’s housing market gained momentum in July, with more closed sales, more pending sales, higher median prices and a shrinking inventory of homes for sale, according to the latest housing data released by Florida Realtors®. “We’re seeing double-digit gains in statewide closed sales, new listings, pending sales and […]

FHA cuts mortgage wait times after hard times

WASHINGTON – Aug. 19, 2013 – The Federal Housing Administration (FHA) is making it easier for once-struggling homeowners to qualify for a mortgage backed by the agency. For borrowers who meet certain requirements, the FHA is trimming to one year the amount of time that homebuyers must wait after a bankruptcy, foreclosure or short sale […]

Average rate on 30-year U.S. mortgage stays at 4.4%

WASHINGTON – Aug. 16, 2013 – Average rates on U.S. long-term fixed mortgages remained steady for a second straight week, giving prospective homebuyers more time to lock in historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan remained unchanged at 4.4 percent this week. That is a […]