Remarks: Big open great room plan with split bedrooms. Great community amenities with fitness center, pool, volleyball, billards. Close to shopping, restaurants, mainstreet Lakewood Ranch, cinemas, and I75. Pet friendly unit. $500 security deposit
Note Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Listed by:: Forbes,Lee Courtesy of:: RE/MAX Alliance Group Direct phone:: 9417567777
The housing market is not going to fully heal
until three different indicators hit bottom: sales, building
activity, and prices. Today’s report on existing home sales
signals that sales have likely bottomed already. The number
of existing homes sold increased 5.1% in February. In
addition, the number of homes for sale increased for the first
time since July. This is consistent with marginal sellers,
previously too scared to even dip their toes in the housing
market, now sensing an imminent turn in the market,
particularly in metropolitan environments where many of the
price declines have been the strongest. Most of the increase
in inventory in February is attributable to condos/coops.
Although the median home price is down 15.5% versus last
year, this is a smaller year-ago drop than last month (when it
was -17.5%). In terms of the other housing indicators, we
expect home building to bottom late this year and prices to
bottom a few months later. However, it is also important to recognize that much of the remaining pain in the housing market will be concentrated in five states: California, Florida, Arizona, Nevada.
Remarks: Find safe Harbour for your boat… Right behind your home! Pristine community located just minutes from the beaches and shopping. Covered parking in front and hop out back to your sailboat and your off to the sunset.
Note Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Listed by:: Forbes,Lee Courtesy of:: RE/MAX Alliance Group Direct phone:: 9417567777
Remarks: Una casa comoda e renta rasonable! Cozy 2 bedroom home with large lot close to tropicana also available for annual rent. $650 monthly with a $500 security deposit or$700 monthly with no deposit! Rent to own also available. Section 8 accepted!
Note Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Listed by:: Forbes,Lee Courtesy of:: RE/MAX Alliance Group Direct phone:: 9417567777
Remarks: Shiny new renovations Make this quiet east bradenton home a super value! New plumbing, updated electrical, complete kitchen upgrade, flooring andnew stucco and paint. Stop and see the great area with quick access to HWY 301 and I-75. no deed restrictions!
Note Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Listed by:: Forbes,Lee Courtesy of:: RE/MAX Alliance Group Direct phone:: 9417567777
After weeks of continual sliding, the market finally took off like a shot, posting its biggest weekly increase in months. This may not signal the start of a rebound for the market and the economy, but it could indicate a bottom, which is good. Bottoms show stabilization – that the contraction is slowing or has been stopped in some areas. Experts are saying things may go up and down on the way back up, but only time will tell if we’re now at the bottom of this recession – and bear market.
Positive economic indicators for the week included a better-than-expected retail sales number for February. It was down just 0.1% overall, but taking out auto sales, retail was UP 0.7%, following a 1.7% GAIN in January. Consumer sentiment also came in a tick up for the month. Fear seems to be abating. On Friday, White House economic advisor Larry Summers said it was indeed encouraging to see signs of a rise in consumer spending.
Best of all was the encouraging financial news. Citigroup said it had a profit the first two months of the year and won’t need more TARP money. JPMorgan was also profitable in January and February. Some economists see this as early evidence that monetary policy is having some traction. In Washington, Barney Frank, who chairs House Financial Services, said he thinks the SEC will soon reinstate the uptick rule, which would make it harder to short financial stocks.His committee also held its hearing on mark-to-market accounting and seems to favor temporarily suspending the rules. They gave SEC and FASB accountants three weeks to come back with a plan. This is positive news because many experts feel adjusting mark-to-market is vital to fixing the banking system. It should ease capital concerns at banks, giving them increased capacity to lend, which is central to the recovery.
The Dow zoomed UP for the week 9.0%, to 7223.98; the S&P 500 went UP 10.7%, to 756.55; and the NASDAQ almost matched it, going UP 10.6%, to 1431.50.
With stocks enjoying a great week, you’d expect bonds to get hammered, but things weren’t so bad. In spite of China’s reservations about Treasuries, the price of the benchmark 10-year Treasury dropped just a tad. So its yield, which runs counter to price, only inched up to 2.890%, still comfortably under the 3% threshold. This bodes well for mortgage rates continuing at attractive levels.
Among last week’s interesting tidbits of information about housing, Radar Logic reported transaction-count increases in 14 of 25 metro areas tracked in December 2008, compared to December 2007. They put these gains to improvements in home affordability and low mortgage rates, but cautioned that their numbers don’t necessarily reflect total transaction volume in each area. Meanwhile, the Federal Housing Finance Agency reported the price of the average home sale in Q4 of last year was only 8.2% lower compared to the year before. The National Association of Realtors chimed in with data showing the average home sales price down 9.4% from a 2006 peak. We all know that parts of the country have experienced serious price drops. But the fact that these national averages aren’t so severe, indicates price declines haven’t been that bad for most of the country. Conforming mortgage rates fell again last week, according to FreddieMac’s weekly survey. The rate for 30-year fixed-rate mortgages is hovering just above January’s all-time low. In fact, conforming mortgage rates in the survey have only gone up and down about a quarter percent since the beginning of the year.
POSITION: Kindly accept this application for the newly created position of CZAR OF ECONOMIC COMMON SENSE. Hopefully, you’ll consider making this a cabinet level position because many Americans understand that common sense is sadly mission from government today.
STATEMENT OF NEED: The United States of America is in recession. Strong and innovative management of the economy is essential for the viability of financial health of the citizens of this great country. Management of the economy of the country has been reactive, wrongheaded and dangerous to the financial stability of the American family.
STRATEGY: I suggest that you make this position a “Recess Appointment” at the first opportunity. Sadly, there is little hope that any Congress, present or future, would approve anyone for a post in your administration that required Common Sense because the concept of Common Sense is alien to a Congress that can be relied upon to seek personal gain over benefit to country.
The legislative records of the present Congress has a track record that:
Puts Party above constituent.
Rewards campaign contributors with tax advantages.
Manipulates legislative order to reward cronies.
We know from your pronouncements since winning the election to the highest office in the country, that you are a man of open mind and flexibility.
PRIORITY: The economic condition in the United States is dire. The former administration was one of reaction and not one of leadership. While the new appointments to the economic management posts in your administration have the credentials for strong, sensible leadership, sadly, they have no history of common sense in any office in which they have served. It is necessary that the citizens of the United States have a voice for common sense in your cabinet.
Management of the Economy of the United States is critical and deserves priority over other interests. Without sound economic management, the U.S. taxpayers will not be able to fund the interests of the environmentalists, organized labor, industrial manufacturing, health services, scientific research, foreign trade, and other well represented special interests.
WHY A CZAR OF ECONOMIC COMMON SENSE? A high percentage of American citizens, the families and individuals who pay taxes to fund the budget of the United States are in a diminishing financial condition. Not only is the income of the average American providing less and less buying power, the primary financial asset of most Americans, the equity in their homes has vanished.
THE PROBLEM WITH THE ECONOMY: The American tax payer has lost their capital, their credit, their savings, their leverage, their voice. The American home owner finanances the building industry, the home improvement industry, the real estate industry, the home mortgage industry, the home furnishings industry, local public schools and more.
THE FINANCIAL INDUSTRY PROFITED FROM ILLEGAL ACTS PERPETRATED AGAINST AMERICAN BORROWERS. The Department of the Treasury and Board of Governors of the Federal Reserve reward the criminals on Wall Street with about $350,000,000,000 to replace their lost capital and encourage the banks and financial institutions to resume providing consumers with credit to finance the purchase of homes, automobiles and consumer goods.
THE FINANCIAL HOUSES AND BANKS TOOK THE MONEY. Yet, mortgages loan approval is more difficult than at any time in the past 30 years. Automobile financing is at an all time low causing the callapse of the American Automobile Manufacturing companies and the chain of businesses that provide jobs for about 10% of the American tax payers.
Giving money to the financial industry that designed the financial instruments that caused the decline of the housing industry made no COMMON SENSE. It is clear that the President of the United States, the Secretary of the Treasury, the Chairman of the Board of Governors of the Federal Reserve and other decision makers do not understand the critical nature of the health of the housing industry and have made policy decisions that made so little common sense, that they defies logic.
COMMON SENSE dictates that the first priority of the Government of the United States is the financial health of the American home owner.
I WANT THAT JOB.Someone needs to look out for the folks.
The U.S. government passed a $700 billion economic bailout package in an effort to stabilize the flailing banking sector. So far, it hasn’t worked as hoped and the financial crisis has deepened since the law was approved. That’s the bad news.
The good news is that there is a lot more than help for just banks in the 451-page legislation. Lawmakers added hundreds of other “sweeteners” to make the bill more popular with the public. See if you can benefit from any of the following provisions:
More insurance for bank deposits: Now your bank deposits are protected up to $250,000 for each account. Formerly, the Federal Deposit Insurance Corporation (FDIC) backed your deposits up to $100,000. The increase is temporary, but is likely to be extended.
AMT Reform: Fewer taxpayers are going to get hit with the dreaded Alternative Minimum Tax, a parallel tax code that was originally intended to make sure wealthy people paid their fair share of taxes, but which has increasingly slammed middle-income earners. Basically, unless you make more than $100,000 for single taxpayers or $175,000 for married taxpayers filing jointly, you shouldn’t have to worry about the AMT due to the change. Easier to get your mortgage terms modified: The new law asks Federal agencies to encourage companies that service mortgages to help their borrowers who are having trouble making payments modify their loans so they become more affordable. It sounds a little vague, but lenders are already responding to government prodding and agreeing to modify mortgage terms for some distressed borrowers. Bank of America, for example, announced a new plan Oct. 6 that will aid certain former Countrywide mortgage holders.
Caps on executive pay: Again, the terms here are a little murky, but basically executives of firms that participate in the bailout could have to repay some of their bonuses if the funds were awarded based on inaccurate financial statements. Execs also should not get so-called “golden parachutes” or large payments if they are fired. This provision may have psychic, rather than monetary benefits for those Americans who are angry about the high pay awarded some of the same bankers who have presided over the economic crisis.
Banks may be less at risk of failing due to accounting issues: In a controversial move, the law asks the Securities and Exchange Commission (SEC) to consider changing accounting rules that require banks to value securities at market prices even when there are no buyers. That so called “mark-to-market” requirement means banks have to account for some securities as if they are worthless (putting them in bad stead with rating agencies), even if they are sure the securities will eventually be worth something.
Insurers have to treat mental health like other illnesses: The law requires health insurance companies to cover treatment for mental illnesses the same way they cover any other disease. This became part of the law due to procedural requirements. The Senate’s financial rescue plan was actually added to a bill for “mental health parity” that passed the house last March.
Assorted niche tax breaks: The bailout plan has been faulted for including lots of pork – provisions that benefit a small number of people, but that can be key to a politician’s reelection bid. The law contains tax breaks that benefit makers of wooden arrows used in children’s toys, the rum industry of Puerto Rico and the Virgin Islands, wool manufacturers and racetrack owners to name a few.
More development of alternative energy: The law contains extensions for some tax breaks intended to spur the use and development of alternative energy. Homeowners can continue to get tax credits to cover part of the costs of solar panels, windmills, geo-thermal heating systems and electric cars. Companies that invest in alternative energy technologies will also continue to enjoy some nice tax breaks.
Lower taxes in the future? A part of the law which invites skepticism currently, allows the government to take equity stakes in Wall Street firms that participate in the bailout. Theoretically these stakes could one day be quite valuable. Another provision states that after five years, if there are any losses due to the bailout, the government will recoup the shortfall from the financial services industry. In theory, one day this could mean increases in government coffers without tax hikes for individuals. That would be nice.
What do you see? How is this going to impact your life and how quickly will you feel the relief?
Open and bright three bedroom home with large private fenced yard. East side Location, convenient to grocery, schools, YMCA, Parks, and the Manatee river. Come and enjoy friendly east side living and a newer home at an affordable price! East side Location, convenient to grocery, schools, YMCA, Parks, and the Manatee river. Come and enjoy friendly east side living and a newer home at an affordable price! No bank to deal with here, Just a great price on a great home.
Listed by:: Forbes,Lee
Central A/C
