Monthly Archives: February 2012

Regions Market Update Week Ending February 24, 2012

Investors are beginning to focus on the price of oil. Concerns about Iran have pushed oil prices up to the highest level in nine months. Higher energy prices are bad for consumers and the economy. Since higher oil prices have … Continue reading

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New Baytowne Wharf – Sandestin Foreclosure

OBSERVATION POINT #267 – $199,900 This exquisite 2 bedroom, 2 bath 1,006sqft condo is perfectly situated in the heart of Baytowne Wharf for quick and easy access to all the amenities. The Village of Baytowne Wharf features restaurants, live entertainment, … Continue reading

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Regions Market Update

Increased optimism that a Greek bailout package will be approved on Monday caused investors to shift to riskier assets, which was negative for mortgage rates. Mixed US growth and inflation data had little net impact. Mortgage rates ended the week … Continue reading

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“FIRST FLORIDA BANK” RATES

Rates through Monday AM (no points/no origination except on condos) Conventional Loans (single family and townhomes, loan amount under $417,000): 30 year Fixed – 4% 15 year Fixed – 3.50% 5 year Arm – 2.875%  Government (VA, FHA, Rural Housing): … Continue reading

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Townhome Foreclosure in the Heart of Destin

QUAIL RUN #196 – 1014 AIRPORT RD – $101,900 This lovely 3 bedroom 2 bath 1375 sqft townhome is located in the very popular Quail Run complex just South of the Destin Airport. Situated toward the end of the cul de sac … Continue reading

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Banks offer more cash incentives for short sales

ATLANTA – Feb. 15, 2012 – More banks are offering homeowners incentives to sell their houses in a short sale to avoid costly foreclosure expenses for the bank. In fact, some banks are offering struggling homeowners as much as $35,000 … Continue reading

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Mortgage Market Update from Regions

With little US economic news this week, investors focused most of their attention on Europe, where Greece is attempting to avoid a debt default. A lack of progress in Greece late in the week caused a minor flight to safety, … Continue reading

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Foreclosed Destin Beach Condo – Amalfi Coast Resort

Amalfi Coast Resort #116 – $219,000 This spacious two bedroom, two bath unit SLEEPS 8 (with bunks) and includes a deeded beach! Amalfi Coast Resort is a 8.6 acre development featuring 362 feet of beach front. Two pools, (one heated), pool side … Continue reading

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2011 Area Median Sales Prices

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Region’s Mortgage Market Update

The most significant influence on mortgage rates this week was Friday’s Employment report, which was much stronger than expected. Events in Europe have had less impact on US markets in recent weeks. While mortgage rates moved lower early in the … Continue reading

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