Pending home sales of previously owned homes rose a little in the month of May. This marks the fourth month in a row that pending sales were up. The National Association of Realtors said its Pending Home Sales Index, based on contracts signed in May, was up 0.1 percent to 90.7 from a upwardly revised index of 90.6 in April. The index for April had previously been reported as 90.3. Economis...

Are you thinking about buying your first home? First time home buyers who buy a home between January 1, 2009 and December 1, 2009 can qualify for a new tax credit or downpayment assistance up to $8,000.00. This $8,000.00 tax credit or downpayment assistance can be applied for through the state of Florida or the Federal Housing Administration (FHA) before they close on the purchase of their home; then repay the amount borrowed when they get their tax credit.&...

One of the many questions we are asked in the real estate industry is about mortgage rates. What are todays rates? Perhaps one of the more specific questions in todays market we have heard is whether homeowners will be allowed to refinance below 5%. Here is a great article written about this topic. http://www.bankrate.com/brm/news/mortgages/20081217_refinance_rate_drop_a1.asp