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Housing survey shows link between consumer attitudes, experience

November 5, 2011

WASHINGTON – Nov. 4, 2011 – Fannie Mae’s third quarter National Housing Survey provides in-depth findings on attitudes of consumers who know of people in their area or neighborhood that have defaulted on their mortgage. This latest survey shows that those exposed to default have similar attitudes about buying a home as those who do not know people that have defaulted.

However, the survey also finds greater pessimism about the economy and personal finances among consumers who know defaulters.

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Wells Fargo: Government aid won’t help housing market

November 4, 2011

FORT LAUDERDALE, Fla. – Nov. 4, 2011 – The Obama administration’s plan to help more homeowners refinance underwater mortgages may be a big deal in South Florida, but the lifeline won’t have a significant effect on the nation’s housing market, Wells Fargo Securities predicts.

Nearly half of homeowners with mortgages in Broward and Palm Beach counties are underwater, according to research firm CoreLogic. They’re hoping an expansion of the Home Affordable Refinance Program will help them refinance at current interest rates and get them out from under burdensome mortgages.

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Florida’s existing home and condo sales up in September

November 3, 2011

ORLANDO, Fla. – Oct. 20, 2011 – Florida’s existing home and existing condo sales continued their upswing in September, according to the latest housing data released by Florida Realtors®. Existing home sales increased 10 percent last month with a total of 15,036 homes sold statewide compared to 13,723 homes sold in September 2010, according to Florida Realtors.

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NAR: Existing home sales off in Sept. but higher than year ago

November 2, 2011

WASHINGTON – Oct. 20, 2011 – U.S. existing home sales were down in September on the heels of a strong gain in August but remain well above a year ago, according to the National Association of Realtors®.

Total existing home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, declined 3.0 percent to a seasonally adjusted annual rate of 4.91 million in September from an upwardly revised 5.06 million in August, but are 11.3 percent above the 4.41 million unit pace in September 2010.

NAR Chief Economist Lawrence Yun said the market has been stable although at low levels, and there is plenty of room for improvement.

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How many foreclosures are currently for sale in Pinellas, Pasco and Hillsborough Counties?

November 1, 2011

Tampa Bay ForeclosuresIn total there are 19,1888 properties for sale in all of Pinellas, Pasco and Hillsborough Counties but only 900 of these are actually foreclosures. This means 4.7% of the homes in the Tampa Bay market that are currently for sale are bank-owned foreclosures.

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