Melody Champney / REALTOR / Sarasota, FL
Your Residential Real Estate Market Analyst
Melody Champney

Cell/Text Msg : (941) 376-0653 : : MelSellsFLA@aol.com (mobile email)


Economic News


2010-FEB-16 : U.S. Treasury: economy to keep growing in 2010
The U.S. economy is expected to grow by 2.9 percent this year after an estimated contraction of 2.4 percent in 2009. @ Reuters | Posted: 02/16/10 at 0419 EST read more...
 

Real Estate News


2010-FEB-01 : Exports help U.S. companies climb out of recession
Exports shot up 18.1% the last three months of 2009, helping the U.S. economy expand at a 5.7% annual rate. U.S. factories were behind the surge: Exports of goods soared 28.1%.@ USA Today | Posted: 02/01/10 at 0419 EST read more...
2010-FEB-16 : Shadow inventory unlikely to hurt market
Almost 5M properties could face foreclosure soon, but high investor demand should limit any further impact on prices. read more...
2010-FEB-15 : Investors pay cash, squeeze out homebuyers
A first-time homebuyer might offer more money for a bargain home than an investor, but cash trumps credit in this market. read more...
2010-FEB-15 : Homes worth more than owners think
A survey finds that many homeowners, for the first time, think their home is worth less than it actually is. read more...
2010-FEB-15 : Housing construction up 2.8% in Jan.
It exceeded economists' expectations and is the highest pace in six months, according to the U.S. Commerce Dept. read more...
2010-FEB-13 : Home bargains abound, but close deal quickly
Homes less than $150K sometimes generate bidding wars as first-timers try to secure a deal before the tax credit deadline. read more...
2010-FEB-12 : Lots of bargains? Not so, Fla. homebuyers say
Short sale delays, competition from investors, FHA changes and condo association troubles continue to kill deals. read more...
2010-FEB-12 : Median home prices show signs of stability
Most experts were afraid to call a bottom to the real estate market, but more and more now say prices are stabilizing. read more...
2010-FEB-11 : Fla.'s existing home, condo sales up in 4Q 09
Existing sales rose 44% over 4Q 08, marking the 6th consecutive quarter of increases; condo sales up 93%. read more...
2010-FEB-11 : Fed's plans bode well for homebuyers
Chairman Bernanke says Fed won't buy back securities soon, which should help keep mortgage rates low in the short term. read more...
 

Mortgage Market AND Homeowners Insurance


2010-FEB-10 : Fannie to pay closing costs on foreclosures
Buyers can get up to 3.5% of the final sales price toward closing costs or appliances if buying one of Fannie's 50,000 homes. read more...
2010-FEB-14 : Rates on 30-year home loans fall to 4.93%
Mortgage rates fell for the second straight week and continue to hover close to last year's record low. read more...
2010-FEB-12 : Rates on 30-year mortgages average under 5%
A slight drop from last week brings the rate down to 4.97%, according to Freddie Mac's national weekly survey. read more...
2010-FEB-11 : Top 7 credit score mistakes
Sales to Latin America, a world region that suffered relatively less from the global recession than others. @ Ft. Lauderdale Sun Sentinel | Posted: 02/11/10 at 0315 EST read more...
 
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