Sunday, April 19, 2009

Florida Governer Crist Celebrates Improving Market

Fla. Gov. Crist Celebrates Improving Market
Florida Gov. Charlie Crist met with 10 real estate professionals from all over the state this week to celebrate an upswing in the state’s real estate market. Here’s what they had to cheer about:

● Mortgage interest rates fell below 5 percent.
● Sales of existing homes have climbed for six consecutive months.
● Florida’s single-family home sales rose 20 percent and condominiums were up 25 percent in the 12 months ending in March, according to the Florida Association of REALTORS®.
● The $8,000 federal first-time homebuyer credit is drawing in new customers.

The association urges Crist and state legislators to expand the state’s down-payment assistance to first-time homebuyers and strengthen consumer protections for buyers of foreclosed properties.

Source: St. Petersburg Times, Steve Bouquet (04/16/2009)

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