Study suggests 1 in 10 renters wants to buy in 2014 SEATTLE – March 13, 2014 – If a Zillow survey crunched its numbers correctly, the real estate market will see a big upswing in buyer demand over the next year. According to the inaugural edition of the Zillow Housing …Courtesy David Rowzer, Realtor Continue reading
5 mortgage tips for home buyers NEW YORK – March 5, 2014 – Bankrate.com offers some tips for your homebuyers on securing a mortgage, getting the best rate, and more. • Be prepared to document your finances. Buyers should be ready for a stringent review by lenders underwriting mortgages thanks to …Courtesy David Rowzer, Realtor Continue reading
Fla.’s housing market continues positive trends in Jan. 2014 NAR: Existing-home sales drop in Jan. but prices continue to rise ORLANDO, Fla. – Feb. 21, 2014 – Florida’s housing market reported more closed sales, higher median prices, more new listings, fewer days on the market and the continued stabilization of inventory …Courtesy David Rowzer, Realtor Continue reading
Jumbo loans loom large in luxury housing NEW YORK – Feb. 17, 2014 – Jumbo mortgages are providing the housing market recovery with a boost, according to industry experts. Buyers looking at luxury properties currently can obtain jumbo mortgages with interest rates that are on par with – and sometimes …Courtesy David Rowzer, Realtor Continue reading
Fla.’s housing market gained momentum, strength in 2013 NAR: Metro areas see solid home-price growth in 4Q 2013 Fla.’s housing market gained momentum, strength in 2013 ORLANDO, Fla. – Feb. 11, 2014 – Florida’s housing market wrapped up 2013 with more closed sales, higher pending sales, higher median prices and …Courtesy David Rowzer, Realtor Continue reading
Citizens Property Insurance says clearinghouse works TALLAHASSEE, Fla. – Jan. 29, 2014 – A new computer clearinghouse launched Monday to steer insurance customers out of state-run Citizens and into private insurers seems to be functioning properly, officials said, and agents reminded consumers it contains only four private carriers so shop …Courtesy David Rowzer, Realtor Continue reading
Court: Citizens can face bad-faith lawsuit
PENSACOLA, Fla. – Jan. 24, 2014 – In a case stemming from hurricane damage in 2004, an appeals court ruled Thursday that the state-backed Citizens Property Insurance Corp. can face a “bad faith” lawsuit because of the way it handled a claim.
A three-judge panel of the 1st District Court of Appeal reversed a decision by Escambia County Circuit Judge Terry Terrell that said Citizens was immune from such a lawsuit. The Perdido Sun Condominium Association filed the case.
The appeals court, however, asked the Florida Supreme Court to take up the issue, a process known as certifying a question to the justices.
The dispute started when Perdido Sun was unhappy with the amount of Citizens’ payment of a claim and filed a breach of contract lawsuit to get additional money. The condominium association ultimately won that lawsuit and filed another case under a law dealing with insurers failing to settle claims in good faith.
The circuit judge dismissed the case, but appeals-court judges overturned that decision Thursday and sent the case back.
“Citizens’ immunity does not extend to the ‘willful tort’ of failing to attempt in good faith to settle claims as provided by (state law),” said the ruling, written by Judge Nikki Ann Clark and joined by judges James R. Wolf and William A. Van Nortwick.
Source: News Service of Florida
Build spec houses and they will come That’s a concept that went out of fashion in Southwest Florida after the real estate boom collapsed in late 2005 leaving a huge number of never-lived-in new homes for sale cheap. But now building “on spec” — without a specific buyer already locked …Courtesy David Rowzer, Realtor Continue reading