Tuesday, April 15, 2014

Condo fees still due after a foreclosure?

10 countries racing to buy American homes (USA Today)


http://www.usatoday.com/story/money/business/2014/04/12/countries-buying-american-homes/7586991/

Accepting Virtual Currency For Real Estate (Bitcoin)


(The Florida Office of Financial Regulation)
"Facts:"
  • No insurance guarantee.  Funds held by U.S. banks & credit unions are insured, virtual currency is not.
  • Unpredictability.  The value of virtual currency can rise and fail in a short time.
  • Security.  Virtual currency in virtual wallets can be hacked.
  • Criminal activity consequences.  If money laundering or other crimes occur, and an exchange is shut down, consumers may not be able to access their funds.
  • Regulation.  Oversight of virtual currencies has not been thoroughly developed.
  • Tax obligations.  The IRS has not provided guidance on the tax implications.
http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=5&id=305486

Wednesday, April 2, 2014

96% of U.S. Housing Markets are Better Off Than Before

U.S. Housing Markets:
96% are better off than 4 years ago...
80% are better off than 2 years ago...
30% are better off than 6 years ago...

(10 is the highest score) view map below, zoom in and find your area: 

Categories determining housing market health:  home price appreciation, affordability, percentage of bank owned sales, and the unemployment rate.