Explore Altamonte Springs, FL
By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
Comments 0
The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for February 2010.  Altamonte Springs is made up of the zip codes of 32701 & 32714.  For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order.  The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices.  So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold propertie...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 2
The Federal Housing Finance Agency has extended the government's Home Affordable Refinance Program by 12 months. HARP's new end date is June 30, 2011. Originally known as Making Home Affordable, HARP aims to help Florida homeowners refinance their mortgage who may otherwise be ineligible because of falling home values. There are 4 basic HARP criteria every borrower must meet: The existing home loan must be guaranteed by Fannie Mae or Freddie Mac. Your home must be a 1- to 4-unit property You must have a perfect mortgage payment history going back 12 months. No 30-day lates allowed. Your first mortgage balance must be 125% or less of your home's market value If you're not sure whether Fannie Mae or Freddie Mac back your mortgage............. Read the COMPLETE BLOG POST HERE: How To Refin...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 2
According to foreclosure-tracking firm RealtyTrac, foreclosure filings topped 300,000 for the 12th straight month last month as 1 in every 418 U.S. homes received a foreclosure filing. It's a small improvement from January and a just 6 percent increase over February 2009. On a per-capita basis, foreclosure density varied by state: Nevada : 1 foreclosure filing per 102 homes Florida : 1 foreclosure filing per 163 homes Arizona : 1 foreclosure filing per 163 homes California : 1 foreclosure filing per 195 homes Also, as in January 2010, foreclosures across the country were concentrated. 10 states beat the national Foreclosure Per Capita average; 40 states fell below. Like everything else............   Read the COMPLETE BLOG POST HERE: Foreclosures Per Capita | February 2010    
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
If your mortgage is set to adjust this year, the smart move may be to let it. Today's conforming mortgages are adjusting lower than ever before -- as low as 3 percent.  It may not be what you expected when you signed for your ARM several years ago. The reason why ARMs are adjusting lower is because of.........   Read the COMPLETE BLOG POST HERE: Don't Rush To Refinance That ARM -- It May Be Adjusting To 3 Percent Or Lower  
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 3
In November, Congress extended and expanded the First-Time Home Buyer Tax Credit program to include a subset of "move-up" buyers -- homeowners that have owned and lived in their home for 5 of the last 8 years. The credit ranges up to $8,000 per buyer. There's now just 7 weeks left to take advantage. To be eligible, home buyers must be under contract for a new home no later than April 30, 2010, and must be closed no later than June 30, 2010. In addition to meeting...........   Read the COMPLETE BLOG POST HERE: 7 Weeks Remain To Find A Home, Claim Up To $8,000 In Tax Credits  
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 1
You could call it the Ultimate Geek Gift for an iPhone-toting friend -- or even for yourself. It's a set of 16 coasters made to look like iPhone application icons. Made by Brazilian firm Meninos, the coasters are constructed from sturdy, medium-density fiber plywood and are coated...........   Read the COMPLETE BLOG POST HERE: Geek Gifts : The 16-Piece iPhone Coaster Set      
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 3
  According to the the National Association of Realtors®, "distressed homes" represented nearly 2 of every fifth home sold in January 2010.  Clearly, real estate investors in Orlando and around the country are taking advantage of good deals on cheap property.  But there's risk involved. This NBC Today Show interview first ran in March 2009, featuring real estate expert Barbara Corcoran. Despite its age, the message remains relevant. Today may be a terrific time to buy a bank-owned home -- just make sure you do your research first.  There's plenty of ways for investors to get burned. Some of the tips in the video include: Buy in your own backyard Start small, then build to a bigger portfolio Watch receipts -- rent rolls don't matter if tenants aren't paying rent Corcoran also gives point...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 1
Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve.  Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row. Last week was a bad week to float a mortgage, to say the least. Rates in Lake Mary rose by the largest margin in any week since late-2009. The two biggest stories from last week both came from the Federal Reserve.  The first was the release of the FOMC January meeting minutes which showed more confidence in the U.S. economy than Wall Street expected, and the second was the Fed's surprise announcement to raise the nation's Discount Rate to 0.75%. Both sparked risk-taking on Wall Street and bonds sold-off as a result.  Now, the F...
By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
Comments 0
The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for January 2010.  Altamonte Springs is made up of the zip codes of 32701 & 32714.  For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order.  The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices.  So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold properties...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 1
Mortgage markets improved last week on domestic jobs data and international banking concerns. The news triggered buying in the bond market and, as a result, conventional, FHA and VA mortgage rates improved for the 4th consecutive week. Mortgage rates are now at a 6-week low but probably shouldn't be.  It underscores just how important global events can be to U.S. mortgage markets. For example, corporate earnings continue to improve and key elements of the economy are strengthening.  Even the Federal Reserve acknowledges this.  In most circumstances, that would be a boon for the stock markets and bond markets would suffer, including mortgage bonds. Last week, that wasn't the case. Early in the week, as (1) China tightened its monetary policy, (2) Greece did little to quell lingering defa...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
The Pending Home Sales Index rose slightly in December, climbing 1 percent from November. A Pending Home Sale is a home that is under contract to sell, but not yet sold. It's a figure compiled by the National Association of Realtors® using sales data from over 100 regional listing services and more than 60 large brokerages around the country. Because each pending sale is a true measure of sales activity, the Pending Home Sales Index is purported to be the most reliable forward-looking indicator for housing. Recent data supports this hypothesis. After Pending Home Sales plunged 16 percent in November, Existing Home Sales fell by 17 percent in December.  Based on the most recent Pending Sales Index, therefore, we can expect January's closed sales to be similarly level. For home buyers , t...
By Road House Realty
(Road House Realty)
Comments 0
Altamonte Springs Real Estate is a wonderfully diverse city located just north of Orlando, in Seminole County, Florida. According to the US Census, the population of Altamonte Springs is 41,200. In Altamonte Springs you will find an array of fine-dining and eclectic restaurants, amazing shopping, and lots more! Altamonte Springs is home to the Altamonte Mall and the upscale shopping, dining and recreation area known as Uptown Altamonte. Uptown is a popular local destination surrounded by a beautiful lake and park. There is a 900-seat amphitheatre and various weekly functions held in this area. Several times a week, performances, concerts, festivals and social events are held at the park and in the Eddie Rose Amphitheatre. Residents from nearby Maitland, Apopka, Casselberry, Longwood, S...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
Conforming and FHA mortgage rates improved last week on the combination of weaker-than-expected economic data and new anti-banking rhetoric from the White House. The S&P 500 shed nearly 4 percent in its worst weekly showing since October 2009 as all 10 sectors fell. As the money left stock markets, it made its way to bonds -- including the mortgage-backed variety. As a result, mortgage rates fell for the third straight week. Since shedding 300 basis points in December, mortgage bond pricing has recovered a bit more than half of those losses.  It's helping with home affordability and opening new refinance opportunities around the country. This week, though, mortgage rates could rise back up.  There's a lot going on. First, on Monday, the December Existing Homes Sales report will be relea...
By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
Comments 8
Very shortly, it is going to be that much harder for people to get an FHA loan.  The Federal Housing Administration is rolling out new plans to tighten up on their loan program in order to shore up their accounts in the midst of this recession. New standards will include: - A minimum 580 credit score for buyers (presently there is no minimum score requirement).  If your score is less than 580, you will need 10% cash to close as opposed to 3.5%. - Raising the FHA premium from 1.75% to 2.25% of the loan amount (a nearly 30% increase in this fee) - Decreasing the allowance of seller contribution to buyer's closing costs from 6% down to 3%.  Big changes.  I know it will help improve the financial health of the FHA, however at the same time it will make that many more people not be able to q...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  Mortgage markets showed little conviction last week, carving out just a narrow trading channel. There was very little data on which for markets to move, leaving mortgage rates momentum-bound. Luckily for rate shoppers, mortgage rate momentum was favorable. Rates were slightly lower Monday through Thursday before breaking downward Friday afternoon. Home shoppers this past weekend caught a nice break. Last week marked the second straight week in which mortgage rates fell. This week, in holiday-shortened trading and with little economic data set for release, expect mortgage rates to again move on momentum. The biggest report of the week is Wednesday's Producer Price Index. Producer Price Index is important to...... Read the COMPLETE BLOG POST HERE: What's Ahead For Mortgage Rates This We...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
  Mortgage rates are dropping this morning on weaker-than-expected Retail Sales data from December. Lower rates means more bang for your home-buying buck. Excluding motor vehicles and parts, December's "ex-auto" sales receipts were down roughly $500 million from November. Analysts had expected receipts to grow. The relevance of Retail Sales to home affordability isn't obvious, but it's definitely logical. Retail Sales is directly related to consumer spending and consumer spending accounts for the majority of the U.S. economy. When consumer spending slows, the economy often does, too. It leads investors to seek out "safe" investments. It's the reason why stock markets often drop on weak economic data -- stocks are among the riskiest investment classes available. Conversely, the best plac...
By Chris Brown- Florida Home Loan Specialist | Certified Mortgage Planner, Chris Brown 407.367.2974
(Chris Brown | Certified Mortgage Planners)
Comments 0
Data was sparse through 2010's first trading week last week, setting the stage for a week of momentum trading. In up-and-down trading, mortgage pricing improved overall but the best rates of the week didn't last long. Rates improved Monday and Tuesday as an oversold market corrected itself to better price points.  Then, in anticipation of the December jobs report, rates worsened Wednesday and Thursday.  Friday, after the jobs report was released, pricing proceeded to carve out a huge range before settling unchanged. On average, lenders issued new rate sheets every few hours last week. It was a difficult week to shop for mortgages. Unfortunately, this week doesn't figure to be much better. For the second straight week, the economic calendar is bare.  Traders -- like last week -- will be ...
By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
Comments 3
The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for December 2009.  Altamonte Springs is made up of the zip codes of 32701 & 32714.  For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order.  The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices.  So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold propertie...
By Rob Arnold, Metro Orlando Full Service - Investor Friendly & F
(Sand Dollar Realty Group, Inc.)
Comments 1
Will you help me with proper pricing and marketing of my property? Is there any other marketing I should be doing to sell or rent my house? 90% of what is going to sell your house is a For Sale sign and directional signs, a listing in the MLS, and a listing on the heavily trafficked internet sites. The other 10% may bring you a lead in if you are lucky enough. We encourage you to market the property any way that you can think of, and we will be happy to give you a free price analysis and a free marketing consultation at the time you list your property with us. Broker, Rob Arnold, has written a detailed article about How to Sell in a Buyer's Market. We suggest that all prospective sellers read this article before listing their property for sale. An interesting thing that many consumers a...
By Marc Grossman, GRI, Greater Orlando Real Estate Broker
(Marc It Sold!)
Comments 2
The following are the market sales statistics for Altamonte Springs, Seminole County, Florida for November 2009.  Altamonte Springs is made up of the zip codes of 32701 & 32714.  For purposes of this analysis we are only splitting the data according to single-family homes vs, condominiums, townhomes and villas. A couple of definitions are in order.  The median sales price means that 50% of the homes sold for more and 50% of the homes sold for less during a certain period of time - in other words, it's the midpoint of sale prices.  So basically what this means, is that the median sales price is showing market activity in that it's specifically indicating which price range is more active. The average sales price, as opposed to the median sales price, is the total volume of sold propertie...

Altamonte Springs, FL Real Estate Professionals