Tuesday, March 22, 2005

REAL ESTATE INVESTMENT

While the media has widely reported NAR's research findings that 23 percent of all existing homes sold in 2004 were purchased by investors, the association says that it doesn't naturally follow that many of those buyers were speculating on a quick profit, since a study found that only 3 percent of homes were resold in a year or less.

Source: Planet Realtor, FLORIDA ASSOCIATION OF REALTORS

AFFORDABLE HOUSING

The Florida Housing Finance Corporation recently made $50 million available statewide in low-interest mortgages for first-time homebuyers.
Eligible homebuyers have already reserved over $22 million, but $28 million is still available.

Source: Planet Realtor, FLORIDA ASSOCIATION OF REALTORS

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