Tampa Bay FL real estate listings and homes for sale, home buying, home selling information – Charles Rutenberg Realty, Inc.

Tampa Real Estate

September 22nd, 2009 1:54 PM

I spoke with one of my negotiators today that has a file with Bank of America (B of A). The file was submitted to the short sale department back in April of this year and this negotiator has been calling on this file every week since April. The loss mitigator informed our negotiator that B of A is just now processing offers submitted in April through their short sale department. Click here to read more about this or visit us at www.teamturk.wordpress.com.

Posted by Jason Turk on September 22nd, 2009 1:54 PM

Just Listed! 3120 San Miguel St. W Tampa, FL 33629

August 3rd, 2009 1:48 PM

$289,900.00
3120 San Miguel St. W

Tampa, FL 33629

Beds: 0	Rooms: 0
Baths: 0	Sq. Ft.: 0
Garage: 0	Built: 0

This is a new listing that
I thought you might be
interested in. Visit this
listing online to see more
photos of the property,
Google Earth satellite
images, and much more.

If you have any questions
about this property or
require more information,
please feel free to call.

Jason Turk
Charles Rutenberg Realty, Inc.
8133139834
www.homesontampabay.com

Visit this listing at Here

Posted by Jason Turk on August 3rd, 2009 1:48 PM

Where are home prices heading?

June 22nd, 2009 12:21 PM

According to analysts, home prices may fall in the near-term and rise only in 2012. "We expect prices to drop for another year and then stabilize before starting to rise with incomes," says Standard & Poor's Chief Economist David Wyss. The S&P/Case-Shiller U.S. National Home Price Index, which tracks the movement of home prices, will fall about 16% this year before stabilizing. Fiserv, a research firm, has forecasted the 2012 home prices in 50 largest metro areas across different states. In some states such as Wisconsin, Ohio, Indiana, and Michigan, home prices will see a rise by 2012. However, in states such as Florida, California, New Jersey, and New York, prices will fall until end 2012. Elliot Eisenberg, a senior economist with the National Association of Home Builders says there’s still pain to come in states where there’s oversupply. "Prices will have to come down further and it will take a while to burn off the excess inventory that's floating around there," said Eisenberg. So what should home buyers do now? Is it a good time to buy? "To generalize, yeah, it is a good time to buy a house. I don't think there's any urgency because I think it'll still be a great time to buy a house a year from now," says economist Richard DeKaser of Woodley Park Research.

Posted by Jason Turk on June 22nd, 2009 12:21 PM

First Time Homebuyer Credit

June 15th, 2009 11:01 AM

Overview

First-time homebuyers may be able to take advantage of a tax credit for homes purchased in 2008 or 2009. The credit:

Applies to purchases that close after April 8, 2008, and before Dec. 1, 2009.
Applies only to homes used as a taxpayer's principal residence.
Reduces a taxpayer's tax bill or increases his or her refund, dollar for dollar.
Is fully refundable, meaning the credit will be paid out to eligible taxpayers, even if they owe no tax or the credit is more than the tax owed.

The credit is claimed using Form 5405.

For 2008 Home Purchases

The Housing and Economic Recovery Act of 2008 established a tax credit for first-time homebuyers that can be worth up to $7,500. For homes purchased in 2008, the credit is similar to a no-interest loan and must be repaid in 15 equal, annual installments beginning with the 2010 income tax year.

For 2009 Home Purchases

The American Recovery and Reinvestment Act of 2009 expanded the first-time homebuyer credit by increasing the credit amount to $8,000 for purchases made in 2009 before Dec. 1.

For home purchased in 2009, the credit does not have to be paid back unless the home ceases to be the taxpayer's main residence within a three-year period following the purchase.

First-time homebuyers who purchase a home in 2009 can claim the credit on either a 2008 tax return, due April 15, 2009, or a 2009 tax return, due April 15, 2010. The credit may not be claimed before the closing date. But, if the closing occurs after April 15, 2009, a taxpayer can still claim it on a 2008 tax return by requesting an extension of time to file or by filing an amended return. News release 2009-27 has more information on these options.

Questions and Answers

More information is available in the question and answer section.

Return to Tax Provisions in the American Recovery and Reinvestment Act of 2009.

Posted by Jason Turk on June 15th, 2009 11:01 AM

Forecloseures Fall In May

June 11th, 2009 10:52 AM

Foreclosure filings fell 6% in May from April, according to RealtyTrac, a provider of foreclosure data. “A total of 321,480 properties received a default or auction notice or were repossessed in May, up 18% from a year earlier,” said RealtyTrac in a statement. The 18% rise is the smallest annual gain since mid-2006. Foreclosure filings have crossed 300,000 in each of the 3 months until May, and according to experts the total number of foreclosure filings may cross 1.8 million in the first half of this year. Nevada had the highest foreclosure rate with one in every 64 households, more than six times the national average. California ranked second at one in 144 households and Florida had the third-highest rate at one in 148 households. The national average is 1 in 398 households. With unemployment reaching a 25-year high, economists do not expect any reduction in foreclosures in the near-future. “The foreclosure bucket is filling faster than it’s emptying,” said Jay Brinkmann, chief economist of the Mortgage Bankers Association. “It will continue through next quarter at least.” According to analysts at JPMorgan Chase & Co., home foreclosures in the U.S. will total 6.4 million by mid-2011, and inventories of foreclosed homes awaiting sale will peak in mid-2010 at 2 million properties

Posted by Jason Turk on June 11th, 2009 10:52 AM

Housing inventory drops in May

June 10th, 2009 10:00 AM

According to data compiled by ZipRealty Inc., a real-estate brokerage firm, the supply of homes available for sale in 28 major metropolitan areas dropped 3.9% in May from April. The data published by ZipRealty include condominiums, single-family homes, and town houses listed on local multiple-listing services. The inventory in May dropped 24% year-over-year. The figures compiled by ZipRealty may not be presenting the exact level of supply since half of foreclosed homes are not included on multiple-listing services at any given time on account of such homes awaiting repairs or being subject to litigation. Thomas Lawler, a housing economist, says the decline in housing inventory indicates “that home prices in many parts of the country could be nearing a bottom." However, some economists have a different view and expect home prices to continue to drop for many years to come. Robert J. Shiller, a professor of economics and finance at Yale, believes that the housing market’s poor performance may linger even if there is a quick end to the current recession. Shiller, in a recent article, pointed out that after the last home price boom, which ended about the time of the 1990-91 recession, home prices did not start moving upward, even incrementally, until 1997. Shiller says, “Something is definitely different about real estate. Long declines do happen with some regularity.”

Posted by Jason Turk on June 10th, 2009 10:00 AM