Wednesday, June 29, 2011

Palm City Equestrian Properties: Our Economy Overview http://ping.fm/XLGDG

Our Economy Overview

Weekly Economic Summary –


June 23, 2011
Last week in review

(June 13 – 17, 2011


The volatility in Greece, as the country continues to search for some sort of bailout to meet near-term financing needs, has caused some flight to safety buying of U.S. dollar denominated securities like treasuries and mortgage backed securities, upon which home loan rates are based. This helped bonds and home loan rates last week, which was a good thing, since signs of inflation also heated up last week and bonds and home loan rates would have likely worsened on that inflation news.



Remember, inflation is the arch enemy of bonds and home loan rates because inflation erodes the value of the fixed return provided by a bond, which causes home loan rates to rise. And last week, both the Producer Price Index (which measures inflation at the wholesale level) and the Consumer Price Index (CPI) (which measures inflation at the consumer level) were both reported higher than expected, with the core CPI rising by 0.3%, which was the largest monthly increase in three years. While the Fed continues to say that the increase in inflation is transitory (i.e. short in duration, temporary or not persistent), more signs of inflation in the coming weeks and months could hinder bonds and home loan rates from further improvements.
Palm City Equestrian Properties: Preview http://ping.fm/U4dLh

Sunday, June 26, 2011

Palm City Equestrian Properties: Short Sale News from Carol Barron-Cross, Sunflower Homes and Equestrian, LLC http://ping.fm/pbtHU

Short Sale News from Carol Barron-Cross, Sunflower Homes and Equestrian, LLC

Fewer Borrowers Strategically Defaulting
The percentage of borrowers who walk away from their mortgage despite still being able to pay is shrinking. Yet strategic defaults still account for nearly one-fifth of serious mortgage delinquencies, HousingWire reports.

About 17 percent of all mortgage defaults that are 60 days or more past due in the second quarter of 2010 were strategic defaults. In the second quarter of 2008, that percentage peaked at 20 percent — which is more than double the number of strategic defaults in 2006, according to a study from Experian, a credit reporting agency, and Oliver Wyman, a consulting firm.

Strategic defaults tend to be more common with borrowers who have jumbo mortgages and have higher annual incomes, according to Experian.

In the second quarter of 2010, 30 percent of strategic defaulters earned more than $150,000 a year, and only 9 percent earned less than $40,000, Experian reports. Furthermore, 33 percent of delinquent mortgages were on homes more than $1 million. For comparison, only 6 percent of homes priced at $50,000 were attributed to strategic defaults, Experian notes.

Experian notes borrowers with more expensive homes and higher incomes may be more financially savvy and be able to take the impact to their credit score more so than other types of borrowers.

As home values began to dip in 2007, more borrowers became underwater on their homes, causing some to stop paying their mortgage and walk away from their home.

Strategic defaults in general "aren’t likely to decline much unless residential housing prices increase and remain at higher levels," according to the report. "Home owners have to see for themselves that their neighbors' houses are selling for higher prices."

Carol Barron-Cross, Broker, Sunflower Homes and Equestrian, LLC. NAR Certified Shortsale/Foreclosure Agent.

Friday, June 24, 2011

Friday, June 17, 2011

Barn, Home, Guest House, Pool, 5 Acres, Shop, Fenced - Palm City Farms, Fl 5 Acre Farm Short Sale

Check out this website I found at horseclicks.com

Posted via email from horsetalkgirl's posterous

Barn, Home, Guest House, Pool, 5 Acres, Shop, Fenced - Palm City Farms, Fl 5 Acre Farm Short Sale http://ping.fm/L9gvV

Barn, Home, Guest House, Pool, 5 Acres, Shop, Fenced - Palm City Farms, Fl 5 Acre Farm Short Sale

Barn, Home, Guest House, Pool, 5 Acres, Shop, Fenced - Palm City Farms, Fl 5 Acre Farm Short Sale

Spectacular Old Florida entrance and open into spaceous farm. - Moss Creek Farms, Myakka City, Florida

Spectacular Old Florida entrance and open into spaceous farm. - Moss Creek Farms, Myakka City, Florida
Spectacular Old Florida entrance and open into spaceous farm. - Moss Creek Farms, Myakka City, Florida http://ping.fm/npI0S

Saturday, June 11, 2011