Operation Home Delivery: ‘Home in a box’ to be built in Tampa

Hammer in hand, Florida RealtorsÂ® will go to work Oct. 5 to frame the walls on a house in Tampa, which will soon become home to a family in the Gulf Coast region as part of the Realtor-Habitat Partnership for Gulf Coast Recovery program, also known as Operation Home Delivery.

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***As always, the latest in Real Estate News as it pertains to Spring Hill Real Estate, Brooksville Real Estate, Weeki Wachee Real Estate, Hernando Beach North Real Estate, Hernando Beach South Real Estate, and Hudson Beach Real Estate. - Brought to you by Hernando Luxury Homes, Your Luxury Real Estate Leader in Hernando County, Florida and Pasco County, Florida. Â Â

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New home sales rise by largest amount in 5 months

Sales of new homes posted the biggest increase in five months in August, raising hopes that the steep slide in the housing industry may be leveling off. Sales of new single-family homes increased by 4.1 percent — far better than the 3 percent decline economists had expected.

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Hopeful glimmers in the housing slump

The median price of an existing home in the U.S. fell in August compared to the median price one year earlier, the first time that has happened in 11 years. Time to punch that pulsing-red panic button? Not yet. Because several other pieces of news in the NAR’s monthly sales report were better than expected.Click HERE to read the full story.

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Rates on 30-year mortgages drop to lowest level in 6 months

Rates on 30-year mortgages fell this week to 6.40 percent, its lowest level in six months, according to Freddie Mac’s weekly nationwide survey. Rates hit a four-year high of 6.80 percent on July 20, but investors’ inflation fears have subsided, easing the pressure on mortgage rates.Click HERE to read the full story.

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Amendment drive seeks to add ‘portability’ to tax break

Since this year’s Florida Legislature did not address the matter of property tax portability, the ability to transfer property tax savings accrued from the state’s Save Our Homes amendment, Lee County Property Appraiser Ken Wilkinson says he will try to do so through a citizens’ initiative that would amend the Florida Constitution if approved by voters in 2008.Click HERE to read the full story.