Maria Wells's (mwells) Blog

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Real Estate Broker/Owner - Lifestyle Realty Group
January Housing Statistics for Martin County, Florida Prices are remaining virtually stable with small increments of fluctuation.  Because prices are NOT dropping by significant amounts, more homes have been placed on the market by the sellers who have wanted to sell their property for a while an...
Martin County - Single Family Homes • Sales are up 32% from last month • Median price has increased by 6% • Absorption Rate has decreased Martin Condos • Sales re up 20% from last month St. Lucie - Single Family Homes • Sales are up 25% from last month • Median price is remaining stable • Absorp...
Rates on fixed mortgages surged for the fifth straight week, reflecting higher yields on long-term Treasurys. Freddie Mac said Thursday the average rate on a 30-year fixed mortgage rose to 4.83 percent from 4.61 percent in the previous week. Last month, the rate hit a 40-year low of 4.17 percent...
Our single family housing numbers reflect we are taking two steps forward and one stepback in the process of recovery when comparing sales year to date.  In St. Lucie from September 2010 to October 2010 the sales decrease is modest at 3%.   The good news is the median price has remained stable th...
For almost two years there was a tax credit available for first time home buyers along with  historically low housing prices and mortgage rates, which attributed to higher sales volume.  We still have two of the three major factors available for today's buyers, low prices and interest rates.   Th...
  Following a sharp drop in the months immediately after expiration of the homebuyer tax credit, pending home sales have modestly risen, according to the National Association of Realtors® (NAR).The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 5.2 percent to 79.4 based on con...
About 8,200 households had sought help from the Neighborhood Assistance Corp. of America through Monday afternoon, fewer than the non-profit group had expected. NACA, which works with homeowners to get lower monthly mortgage payments through loan modifications, began 24-hour-a-day counseling sess...
When the USDA ran out of money for its Section 502 guaranteed Rural Housing product in April, the program effectively shut down.  At that time it was up to the Congress to appropriate the $150 million needed to continue the program through the September 30 end of the fiscal year.   A month later,...
July 2010 home sales were just released by Regional MLS this week, and again changes are subtle when comparing this year's numbers to a year ago in July 2009.  Our median sales price continues to fluctuate, however it remains  less than 10% below last year, which mirrors the statewide prices.    ...
Looking for REO property or a foreclosure in Stuart, FL? What is an REO?    "REO" or Real Estate Owned are properties which have been foreclosed upon and are presently owned by the bank or mortgage company. This is not the same as real estate up for foreclosure auction. If you buy a property duri...

Maria Wells

Lifestyle Realty Group
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