October 30, 2009
October 29, 2009
On Saturday, October 31st, 2009, Tractor Supply, located at 18741 Cortez Blvd, Brooksville, Hernando County, Florida will be offering low cost vaccinations for your pets through the Florida International Teaching Zoo.
Rabies vaccines for both cats and dogs will only be $6! The dog distemper/parvovirus vaccines as well as cat distemper shots will only run $14 and kennel cough/bordatella shots for dogs will only be $15.
All of the vaccines will be administered by the zoo’s veterinary staff and proceeds will go towards the Teaching Zoo Facility, Project Green Jungle and elephant survival programs, for more information feel free to call 352-867-7788.
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October 28, 2009
Just east of Brooksville in Hernando County the “Gunstock” Outlaws Legends and Lace Music Fest will take place on Saturday, October 31st, 2009 at the Bull-It Arena, 27151 Soult Road, presented by the DD-214 Foundation.
Gates will open at 8:00 a.m. with the concert starting at 10:00 a.m. with David Allen Coe, Bryan Chytka, Kathy Jo and the Bluzification Band, the Jimmy Sparks Band, Big Mike Griffen, Blue Thunder Band, Mark LaMountain, Bungalow Bill Osborne and Amber Lynn Nicol.
Tickets are only $20 and overnight camping is available. For more information feel free to call 352-540-5123 or 352-596-3704.
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October 27, 2009
The yearly comparison of home sales on a national level rose 9.2% according to the National Association of Realtors; this leap in sales is believed to have occurred due to the rush of first-time homebuyers to close sales by November 30th. The home sales in Florida alone raised 34% in September, however, the home sales in Tampa Bay, according to the Tampa Bay Realtors reported a mere 11% increase in their area.
When combining the sales of Pinellas, Pasco, Hernando and Hillsborough counties, only 236 more homes were sold this year, compared to 2008. Part of the problem is that many lenders are taking between 3-6 months to decide if a buyer qualifies for a mortgage loan; buyers are getting tired of waiting.
Home prices are still falling in the Tampa Bay area, though not as drastically as in the spring, however they are expected to continue on a slight decline as a new wave of foreclosures is expected to sweep the market in the near future.
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October 26, 2009
According to the AAA Auto Club South, the national average price of gasoline has gone up by 12 cents per gallon; in Florida the increase reflected a 17 cent incline. Regardless of the weak consumer demand, the New York Mercantile Exchange posted crude oil at $80.50 per barrel; this shows the highest closing price of 2009.
Crude oil has been driven by the weak American dollar and in doing so, has peeked the interest of the investors. Gregg Laskoski, Managing Director of the public relations for AAA stated that “Gasoline prices are still less than they were a year ago at this time, but unless we see a change of direction for the dollar, the current run-up for oil might last longer than many economists and oil analysts expect.”
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October 23, 2009
The Obama Administration released a new program this week that is geared towards supporting state and local housing finance agencies in financing mortgages for first-time homebuyers and developing rentals.
Many agencies are struggling to raise money due to the real estate crisis, this year alone agencies have sold nearly $4 billion in tax-exempt bonds, which is only 1/4 of the normal annual amount.
The new program will allow mortgage giants Fannie Mae and Freddie Mac to provide short-term financing for the agencies that is backed by the Treasury Department. “It’s an additional layer of assistance to borrowers who are seeking a mortgage at a time when credit is scarce,” stated Howard Glaser, a mortgage consultant in Washington. “It doesn’t solve all the problems of the housing market, but every little bit helps.”
For months the agency has been asking the Treasury Department for aid and now it has finally arrived.
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October 22, 2009
Sales of single-family homes in Florida rose 28% during the month of August, according to data collected by the Florida Association of Realtors, and condominium sales jumped 45 points in a yearly comparison! Lee County showed the biggest gain in sales of existing single-family homes, leaping 83%, while Orange County, Florida’s leader in sales of existing condos, jumped an incredible 281 points! Many believe that it’s the $8,000 tax credit for first-time homebuyers that is aiding in the jump of sales, however the tax credit is set to expire on Dec 1, 2009.
The National Association of Realtors has been working diligently on Congress to extend the credit. “We’re asking Congress to extend the deadline because a lot of homebuyers have been sitting on the fence and now they may miss the deadline by waiting,” stated Emerald Coast Association of Realtors (ECAR) president Anita Williams.
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October 21, 2009
Interest rates on 30-year fixed mortgage loans have risen from 4.87% last week to 4.92 this week, according to mortgage giant, Freddie Mac on Thursday. Qualifying for a mortgage loan is still tough as lenders have tightened their standards for qualification drastically; therefore these rates are only available to potential homeowners with the best credit and a 20% down payment.
During the current economic downfall, the Federal Reserve has spent nearly $1.25 trillion on purchasing mortgage-backed securities, this has aided in driving the rates on home loans down to a level not seen in years. Although the interest rates are not as low as they were in the spring at 4.78, they are still very attractive to those looking to purchase a home.
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October 20, 2009
In 1979 CENTURY 21 established a relationship with the Easter Seals by naming them its official national philanthropic organization, and in the last 20 years has raised nearly $100 million for children and adults alike with disabilities.
Today, CENTURY 21 Real Estate CEO Tom Kunz has been elected onto the Easter Seals Board of Directors. In November Easter Seals New York plans on presenting Tom Kunz and CENTURY 21 Real Estate with its Corporate Leadership Award, the award is given in recognition of corporations for their outstanding commitment to Easter Seals.
Easter Seals has been a non-profit provider for services for individuals with special needs, such as autism and physical disabilities for nearly 90 years. Offering both help and hope to those living with disabilities and their families.
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October 19, 2009
There has been a new Senate proposal concerning the $8,000 first-time homebuyer’s tax credit. The new proposal would open the doors up to all potential home buyers, not just first-timers. Although the Obama Administration stated that there will not be a second economic stimulus package after the one that was enacted in the first quarter of this year, expanding and extending the first-time homebuyers tax credit is one of their primary concerns.
The original first-time homebuyer’s tax credit proclaimed that first-time homebuyers were allowed to deduct 10% of the price of their home off of their federal income taxes up to $8,000 and is set to expire on Dec. 1, 2009. The new proposal will extend the timeline until June 30, 2010, remove the first-time homebuyer requirement and raise the eligibility income to $150,000 per person ($300,000 per couple).
Since the beginning of the program in February, first-time homebuyers have increased by 25% and are rapidly lowering the amount of homes in the real estate inventory, according to the National Association of Realtors.
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