Homes For Sale

Consumers continued to borrow more money in October, according to the latest figures from the Federal Reserve, and the trend could suggest either progress or danger.

Total consumer credit grew by $7.6 billion to $2.457 trillion, outpacing September’s $6.88 billion increase. Americans have upped their spending and borrowing for 12 of the past 13 months, with August being the notable trend-breaker. Borrowing during that month fell by the most in 16 months.

Still, in general U.S. consumers have been taking on more debt. Non-revolving credit, including student loans and car loans, rose 5.3 percent, or $7.28 billion in October. T

Full article…

If you are a homeowner and look forward to let your property, you can seek help from tenant find agencies. Even tenants need the assistance of experienced agents. This is a common problem when you need to move out quickly, but it is impossible because of high penalty fees. Other tenant who is interested in the same property can take over your lease. You can find a tenant through tenanthunter.com, because these professionals are qualified for this task.

You may think you can solve this problem on your own, but getting a bad tenant can be a costly mistake. Full article…

email

Two separate events happend today, one on Facebook, the other on Twitter.

They got me to thinking.

< < Uh oh, there he goes, thinking again >>

First, I saw this posted on a Facebook friends status update:

Do you use Twitter? Ive been informed its a must have in real estate but I just cant seem to get into tweeting. Input is appreciated.

Well, since he asked, I provided some input:

A must have?? Hardly. That said, I like Twitter, use it a lot, and have met some great people through it. Several of which have bought or sold a home with us. But whoever says Twitter is a must have is an idiot.

Full article…

Two developers are transforming condo plans into apartments, and another developer intends to build homes and townhouses.

Compson Associates Inc. of Boca Raton is reviving plans to build a 338-unit complex at Renaissance Commons, the sprawling housing, shopping and dining center it built on Congress Avenue and Gateway Boulevard.

“It’s the last and best piece, right in the middle of the action,” said Bobby D’Angelo, Compson vice president.

It’s also the first time Compson has built housing at the site since 2007.

The 6-acre Compson Place Apartments was planned as the Santorini condominiums, the last of three condo complexes at Renaissance. The completed condos are the 242-unit San Raphael and the 328-unit Villa Lago, of which 130 are still owned by Compson and rented as apartments.

Full article…

How big a whack did your credit scores take during the grim years of economic distress following the housing bust? Was it 20 points, 50 points, 100 points or maybe no drop at all?

These are key questions affecting millions of potential homebuyers who hope to qualify for mortgages and current owners looking to refinance. New research from a major credit-risk evaluation company suggests that the drop in huge numbers of Americans’ scores was dramatic.

FICO (formerly known as Fair Isaac Corp.), which developed and markets the eponymous score that dominates the home mortgage field, found that during 2008-09, approximately 50 million consumers in this country saw their FICO scores plunge by more than 20 points. Nearly 21 million of these lost more than 50 points.

Full article…