Daytona Beach Real Estate Blog
Latest Articles and Information
There’s a lot of information here about Daytona Beach Real Estate, covering the Daytona Beach area including Ormond Beach, Port Orange, Ponce Inlet, Holly Hill and the surrounding area.
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November New Home Sales Down 11.3% – Who Is Surprised?
November new home sales are down and I’m surprised at the surprise expressed in the media. I would have bet a dollar to a donut that sales would be down.
Is A VA Mortgage for You?
VA mortgages are partially guaranteed by the Veterans Administration, require low down payments, require no mortgage insurance and have negotiable mortgage rates.
New FHA Loan Condos Rules
New Rules for FHA Condo Loans The FHA has published some new rules for condo loans. These rules are more stringent and are designed to
Ormond Beach Florida Canopy Walk – Photo Friday
Photo of walk path along canopy area in Ormond Beach. The canopy is one of the beautiful features of this Florida beach town.
Government to Provide Incentives for Short Sales
I have completed a lot of short sales of Daytona Beach homes and condos over the past two years. I expect more sellers will be taking advantage of short sales with the latest government plan to provide payouts for short sales.
2009 Daytona Beach Condos Sales Up 52.3% November 2009
Sales of Daytona Beach condos are up 295 units over last year through November. So far this year, 859 condos have sold versus 564 for last year during the same period.
Photo Friday – Dramatic Sky Over Daytona Beach
Dramatic Sky Over Daytona Beach Photo We were out doing a photo shoot of a new listing at the Mediterranean condo building in October when
Get Money for Home Repairs in Your Mortgage with FHA 203k Loan
What if you could buy a home with 3.5% down and include the necessary repairs and remodeling in the mortgage – even if your credit is not the best?
$8,000 Home Buyers Credit Extended and Expanded
First time home buyers and Homeowners who have lived in a current home five of the last eight years are eligible for $8,000 and $6,500 respectively in income tax credits. To take advantage of the credit, you must have a binding contract by April 30, 2010 and must close by June 30, 2010.
Daytona Beach Homes – Prices Drop Only 1.55% Over Six Months
Prices of Daytona Beach Homes have fallen this year, but most of the drop was in the first quarter. The drop in the second and third quarters was less than 1.6%. Yes, that’s right, in the past six months, home prices in the Deltona-Daytona Beach-Ormond Beach metropolitan area, as recorded by the National Association of Realtors (NAR), have fallen only 1.55%.
Congress Tinkering with FHA Loan Guidelines
50% or so of all mortgage loans currently being made are FHA loans. Why? Because the terms and down payment requirements are less stringent and cumbersome than other types of loans.
Photo Friday – Flagler Beach Pier at Sunrise
This photo was taken about a quarter mile south of the Flagler Pier on a crystal clear morning at sunrise. It was cool that morning so the air was crisp and clear.
