Jeffrey Riegel's (jriegs) Blog

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Real Estate Agent - RE/MAX AllStars - SL 3252654
RECENT BLOG POSTS
A quarterly report released by the University of Central Florida (UCF) suggests that the recession was far worse on Florida than it realizes, but the rebound in 2015 will "surely put a twinkle in Kris Kringle's eye." The report under Dr. Sean Snaith suggests that the recession in Florida started ...
12/19/2014
Closing costs can add a lot to home buyers' final price, depending on which lender a buyer uses, which state they live in, the price of the home, and sometimes even the day of the month the closing occurs, The Wall Street Journal reports. Borrowers can reduce their closing costs in several ways: ...
12/19/2014
Real estate agents' most valuable leads still come from traditional sources – open houses, past-client referrals, for sale signs and walk-ins to brokerage offices – according to the latest Imprev Thought Leader Survey of more than 270 broker-owners and top executives at leading franchises and ind...
12/17/2014
Financially strapped homeowners who sold their home this year in a short sale or received a loan modification that include a principal reduction appear likely to benefit from the same tax break that helped similarly distressed consumers in the past six years. The U.S. Senate late Tuesday passed o...
12/17/2014
Before the Great Recession, some South Florida developers were selling storage units for boats just like condominiums. The financial crisis stymied that, as demand for boats and storage shrunk. Now, with the economy recovering, sales of "dockominiums" are making a comeback. A Dania Beach marina h...
12/16/2014
News Corp announced today that it successfully completed its acquisition of Move Inc., the oversight company that manages realtors.com for its owner, the National Association of Realtors®(NAR). "In partnership with the National Association of Realtors and its one million members, we look forward ...
12/16/2014
 How much do student loan debt and car payments impact first-time homebuyers? RealtyTrac released an analysis of major U.S. counties – including 34 of the 67 in Florida – based on median home prices and median incomes. The analysis assumed a downpayment of 3 percent, 10 percent and 20 percent. Re...
12/16/2014
Over the next five years, analysts estimate that baby boomers will purchase about $1.9 trillion in homes. But the key question is: Will they be able to afford to move? "Their choices will have a real impact on the housing sector in the next several years," says Jeremy Burbank, vice president at t...
12/16/2014
While the real estate market continues to improve slowly, Fannie Mae's November 2014 National Housing Survey finds some subtle shifts in consumers' attitudes. Overall, buyers seems to be more optimistic about whether or not it's time to jump into the market; however, fewer homeowners think it's a...
12/16/2014
In developing Homeowners Armed With Knowledge (HAWK) – a pilot program that gives FHA borrowers discounts on mortgage insurance premiums if they complete housing counseling – HUD rekindled a debate over the benefit of pre-purchase counseling.   Mounting research supports the theory that pre-couns...
12/16/2014
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