The Key West Real Estate market showed significant gains in March 2010 vs. March 2009 for sales of both “single family homes” and condos. Total residential sales were up almost 65%
The Lower Keys Real Estate market also showed improvement in March with total sales up 26%.
See the charts on page 5 of the report.
After a slight dip in Jan 2010 (vs. Jan 2009), the total aggregate dollar volume of residential properties was back up significantly in Feb 2010 in the Key West Real Estate Market. However, in the Lower Keys Real Estate Market, the total dollar volume was down for the 2nd month in a row. See the charts on page 5 of the report.
Washington Post - 03/24/10
Treasury Secretary Timothy F. Geithner on Tuesday told a congressional panel considering the future of Fannie Mae and Freddie Mac that the Obama administration would seek to keep in place aspects of the housing-finance system that have worked well during the past few decades as it overhauls the parts that did not.
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It is a common misperception by the general public that fixed rate mortgage interest is tied directly to Federal Reserve interest rate movement. On the contrary, the determinant is the performance of mortgage backed securities (MBS), most of which are issued by Ginnie Mae, Fannie Mae and Freddie Mac.
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Courtesy of Ruben Concepcion - Keys Financial Corp. (www.keysfinancial.com)
(11/13/09) Last week, a new Homebuyers Tax Credit bill was signed into law. The bill extends the tax credit for first-time homebuyers (FTHBs), as well as opens it up to current homeowners who are looking to buy. And even if you aren’t looking to purchase - pass on this article to anyone you think might be in the market to do so. This is information that might benefit them greatly, and I’ll be happy to be of service to them.
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