PALM CITYS HORSE TALK

Image shown is Royale Equestrian Facility, LLC. For sale in Ft. Pierce, Florida, Listed with Sunflower Homes and Equestrian, LLC. Palm City, Florida 34990 $2,700,000. Appointment please.

PALM CITYS HORSE TALK

This Palm City Farm located at 2614 SW Boatramp Road is a super deal for the true horseman. You get a lot for your money with this very competitive price of $575,000. Lighted dressage or reining arena....yes it is large, pool, six stalls, irrigated paddocks, guest house, 2000 sq ft CBS home, screen pool and observation deck plus your own security gate. Horsemen take a look at this beauty. It is so very rare to find a home with all of these amenities and ten acres that is turn key. Sunflower Homes & Equestrian, LLC, Palm City Florida.

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Could Banks Be Releasing Money to Home Buyer?

PALM CITYS HORSE TALK

Capital Economics expects the housing crisis to end this year, according to a report released Tuesday. One of the reasons: loosening credit. The analytics firm notes the average credit score required to attain a mortgage loan is 700. While this is higher than scores required prior to the crisis, it is constant with requirements one year ago. Additionally, a Fed Senior Loan Officer Survey found credit requirements in the fourth quarter were consistent with the past three quarters. However, other market indicators point not just to a stabilization of mortgage lending standards, but also a loosening of credit availability. Banks are now lending amounts up to 3.5 times borrower earnings. This is up from a low during the crisis of 3.2 times borrower earnings. Banks are also loosening loan-to-value ratios (LTV), which Capital Economics denotes “the clearest sign yet of an improvement in mortgage credit conditions.” In contrast to a low of 74 percent reached in mid-2010, banks are now lending at 82 percent LTV. While credit conditions may have loosened slightly, some potential homebuyers are still struggling with credit requirements. In fact, Capital Economics points out that in November 8 percent of contract cancellations were the result of a potential buyer not qualifying for a loan. Additionally, Capital Economics says “any improvement in credit conditions won’t be significant enough to generate actual house price gains,” and potential ramifications from the euro-zone pose a threat to future credit availability. THIS SUPER LOOKING HOUSE IS FOR SALE IN STUART-WEST!! 3200 sq ft and guest house, lap pool and a wine vineyard. Convenient to Palm City, Florida. It is a beauty. $479,000 Sunflower Homes and Equestrian, LLC