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PALM CITYS HORSE TALK November 21, 2011

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Lakewood Park Ft Pierce Florida Lots for Sale

 

There are two lots available. One is a corner lot and only $15,000. Lovely huge trees are on the property. Lakewood Park is known for its beautiful oak shade trees. The second lot is just next door to the corner lot. It is priced at $12,000. This is a lovely community with its own shopping center and located between highway 95 and US1. The Atlantic Ocean is within two miles of the property. It would be very easy to bike to the beach. Lakewood Park also has many orange tree farms in the area. Fresh organge juice and nice tangerine and navel oranges are produced and independant vegetable markets are nearby. It is a nice choice.
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Income Producing Property in Okeechobee, Florida

If you should be interested in going into business at this time, check with your local banks. Some banks have wonderful low priced commercial loans. Check out this nice 24 Stall Barn. Close to Wellington, Palm City, and Ft. Pierce. This property has just been listed for $650,000. Two homes are on the property, rental property if you wish and plenty of stalls bring in various dollars for a months rent. Call Sunflower Homes and Equestrian. They can help you find your property. Property located in Okeechobee, Florida just ten minutes from the Big O City. Rate on 30-year mortgage ticks up to 4% Mortgage Rate Trend Index Don’t expect much change in rates over the short term, say most industry experts (46%) polled this week by Bankrate.com. The rest split down the middle, with half (27%) predicting a drop and half (27%) looking for an increase. WASHINGTON – Nov. 18, 2011 – The average rate on the 30-year mortgage hovered above the record low for a third straight week. But cheap mortgage rates have done little to boost home sales or refinancing. Freddie Mac said Thursday that the rate on the 30-year loan ticked up to 4 percent from 3.99 percent. Six weeks ago, it dropped to a record low of 3.94 percent, according to the National Bureau of Economic Research. The average rate on the 15-year fixed mortgage rose to 3.31 percent from 3.30 percent. Six weeks ago, it hit a record low of 3.26 percent. Rates have been below 5 percent for all but two weeks this year. Yet this year could be the worst for home sales in 14 years. Mortgage applications fell 10 percent this week from the previous week, according to the Mortgage Bankers Association. High unemployment and scant wage gains have made it harder for many people to qualify for loans. Many Americans don’t want to sink money into a home that could lose value over the next three to four years. And most homeowners who can afford to refinance already have. The low rates have caused a modest boom in refinancing, but that benefit might be wearing off. Most people who can afford to refinance have already locked in rates below 5 percent. Refinancing fell 12.2 percent last week, according to the mortgage bankers group. The average rates don’t include extra fees, known as points, which most borrowers must pay to get the lowest rates. One point equals 1 percent of the loan amount. The average fees for the 30-year and 15-year fixed mortgages were unchanged at 0.7. The average rate on the five-year adjustable loan fell to 2.97 percent from 2.98 percent. The average rate on the one-year adjustable loan increased to 2.98 percent from 2.95 percent. The average fees on the five-year and one-year adjustable loans were both unchanged at 0.6. To calculate average mortgage rates, Freddie Mac surveys lenders across the country Monday through Wednesday of each week. PALM CITYS HORSE TALK

This five acre property is a deal. Beautiful surroundings and located in a beautiful country setting of Suncreek Ranches. Only $49,000. Home market sees a sliver of good news WASHINGTON – Nov. 18, 2011 – The share of borrowers falling behind on home loans dropped in the third quarter, and building permits for single-family homes climbed in October to their highest level in 10 months, new data show. The reports bring “some of the most solid, relatively good news” that the housing sector has seen in some time, said Jed Kolko, chief economist for real estate website Trulia. The Mortgage Bankers Association said Thursday that the share of mortgage borrowers who have missed at least one payment – but are not yet in foreclosure – fell to 8 percent in the third quarter from 8.4 percent in the second quarter. The share of borrowers more than 30 days behind but less than 60 days late fell the most, to a four-year low of 3.2 percent from 3.5 percent in the second quarter. That drop suggests that fewer borrowers are falling behind for the first time, which will reduce foreclosures years from now. Still, 4.2 million borrowers are more than 90 days behind on their mortgages or are already in foreclosure. Most of those borrowers will lose their homes to foreclosure or other distressed sales in the coming years. That will continue to put pressure on home prices, said Paul Dales, economist at Capital Economics. He expects U.S. home prices, down about 4 percent from last year, to stay flat next year. “We’re moving in the right direction, but we’re still well above normal” for troubled loans, said Michael Fratantoni, MBA’s vice president of research and economics. He says the number of new delinquencies should continue to decline if job growth continues. Home building is also well below normal, even with the stronger October showing. Housing starts slipped slightly in October from September to an annual rate of 628,000, the Commerce Department said Thursday. That’s about half the pace of long-term trends leading up to the housing bubble. Single-family starts were up 3.9 percent from September. Permits, which are a better indicator of future activity, rose 5.1 percent for single-family homes and 24 percent for multifamily units, the Commerce Department said. The October results point to a single-family market that’s “finally getting off the mat” and a multifamily segment that’s making “small strides,” said Patrick Newport, economist at IHS Global Insight. Still, single-family home starts and permits are likely to set record lows this year, Newport says. PALM CITYS HORSE TALK

Congress Restores FHA Loan Limits to NAR-Backed Levels http://ping.fm/7UXOO

Palm City Equestrian Properties: Preview http://ping.fm/BI9ax

You can purchase a beautiful corner lot for $15000 in Lakewood Park, Fl

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Just listed 7005 Deland Avenue Lakewood Park Fort Pierce Florida $15000 Corner Lot(edit/delete)

Just listed 7005 Deland Avenue Lakewood Park Fort Pierce Florida $15000 Corner Lot. That is right. This lot is adjacent to a nice recreational park for the region of Lakewood Park. This is a six mile wide community that has nothing but big trees, space, parks, outdoor living, near the Atlantic Ocean, near Vero Beach and Ft. Pierce. It reminds me of a very nice community that offers a lot of community participation. There is a small shopping area for the community and has easy access to Highway 95 and the Florida Turnpike. Live in Florida and enjoy our Florida Living. Check this one out. Don't Let this beautiful corner lot slip pass you should you think about building a home in Florida.

Sunflower Homes and Equestrian  http://www.mysunflowerfarmfl.com can assist you. Give us a call.

12 Most-Searched Housing Markets http://ping.fm/hhleK