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Archive for January, 2008

Mortgage Rates

WASHINGTON – Jan. 25, 2008 – Rates on 30-year mortgages dropped for a fourth straight week to the lowest level in nearly four years, raising hopes that low rates will help spur a rebound in the hard-hit housing industry.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 5.48 percent this week, down [...]

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So many people are being affected by the credit crunch these day’s, I thought a reminder that you can get your credit report for free from the three leading credit reporting companies  would be in order.

Go to it. http://annualcreditreport.com/
P.S. Don’t fall for the subscription pitches if you don’t need the additional services.
For professional advise on [...]

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While the Grovenor is not in Coral Gables, it’s worth living in it.
Marquee building in the Grove.     16th flr              2/2          Approximate      1,600 sqft
This unit is selling for $40,000 less than what it last sold for. It has been on the market since March 2006. You think there might be some motivation here?
THE ULTIMATE IN LUXURY [...]

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I know some of you, not all, are sitting on the sidelines
of the real estate game, waiting for the right moment to score on a deal. Right!,
Well, I believe I have one for you.
There is this 1/1, a corner unit, overlooking the pool of the  Met1,
waiting for you. Designer ready!
You could have this unit for [...]

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As you know, property tax, foreclosure and short sale are the dominant words for 2007/2008. I’ve covered these subjects in previous posts, however, short sales, now it seems, are running neck and neck with foreclosures these days.
Many people did very well buying and selling real estate while home values rose year after year  and home [...]

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