St Petersburg Florida Real Estate and Mortgage Blog Trinity Home Solutions, LLC.

St Petersburg Mortgage and Real Estate Blog

Florida Ranks 8th Nationwide in School Educational Review!

January 20th, 2010 10:41 AM

Florida schools earned a B minus for their overall report card which is conducted annually by Education Week magazine. This was the same grade that Florida received in 2009. This report card looked at six areas of policy and performance which include student achievement, accountability and school finance.

Florida's lowest grade came in 31st place nationwide for their school finance but the academic standards and school accountability rated 5th place this year resulting in 8th for nationwide ranking.

Way to Go Florida School Systems!

Posted by Mark Yorke on January 20th, 2010 10:41 AMPost a Comment (0)

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HUD Allows FHA mortgages on homes with less than 90 days wait time for resale

January 18th, 2010 11:39 PM

With limits, beginning Feb 1st HUD will suspend the current policy for one full year, to allow buyers to make FHA loan application on a home that has been recently purchased.

Currently, FHA applications can be taken on a property only after 90 days have passed from most recent sale date. HUD states they are trying to open up their financing to buyers in the market that are looking to purchase homes that have recently foreclosed, allowing a quicker resale on these properties.

There are limits on the transaction so click the link below for more details http://www.hud.gov/offices/hsg/sfh/waivpropflip2010.pdf

Posted by Mark Yorke on January 18th, 2010 11:39 PMPost a Comment (0)

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2009 Housing Market Indicators for Florida from Florida Realtors.com

January 18th, 2010 11:33 PM

Housing Market Indicators:

Florida existing home sales:
(month-to-previous-year comparison)
61%

Florida existing condo sales:
(month-to-previous-year comparison)
111%

Florida existing home median price:

$139,000

Florida existing condo median price:

$104,400

Florida consumer confidence:

National existing home sales:
(month-to-previous-month comparison; all housing types)

7.4%

National existing home median price

$172,600

National (Freddie Mac) mortgage rate
(all housing types)

5.06%

Posted by Mark Yorke on January 18th, 2010 11:33 PMPost a Comment (0)

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Pregnancy Center of Pinellas County and New Life Soltuions Annual Gala & Auction Saturday November 7th 2009

November 6th, 2009 2:10 PM

"Color Our World with Hope" is the theme for this year's Gala and Auction to celebrate and support the Pregnancy Center of Pinellas County and New Life Solutions. The event held at The Historic Coliseum located at 535 Fourth Ave North in St Petersburg sponsors and celebrates the work of that the ministries continue to do each year with a silent auction, fine dining and entertainment.

Trinity Home Solutions is proud to sponsor and attend this exciting event in support of the Pregnancy Center of Pinellas county and New Life Solutions.

For more information go to www.newlifesolutions.org

Posted by Mark Yorke on November 6th, 2009 2:10 PMPost a Comment (0)

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St Petersburg Best - Sheryl Manor - North Central St Petersburg Neighborhood

November 5th, 2009 10:21 PM

Sheryl Manor subdivision in St Petersburg FL is a neighborhood nestled between 22^nd Avenue N and 38^th Avenue N and 62^nd Street N and 58^th Street N. This area is a central location in St Petersburg close to Tyrone Square Mall, St Petersburg General Hospital, shopping centers, fitness centers, several A plus schools and other useful locations.

Northwest Park in Sheryl Manor

Many homeowners that live in Sheryl Manor enjoy the local Northwest Park and the J.W. Cate Recreation center where sports such as softball, soccer, swimming, tennis, karate, gymnastics, cheerleading, basketball, volleyball, or dance are offered. Families can enjoy playing at the park or walking the dog around the 1 mile trail that surrounds this popular St. Petersburg park.

Sheryl Manor consists of over 900 homes that were built in the the 1960’s. Most of the homes in Sheryl Manor St Petersburg subdivision are one story single family residential block homes with an attached garage. Just over 200 homeowners in Sheryl Manor St Petersburg have pools and most of the homes have approximately 1500-2000 square feet of living space.

Posted by Mark Yorke on November 5th, 2009 10:21 PMPost a Comment (0)

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St Petersburg home owners - Home buyers tax credit has been extended and more can take advantage

November 5th, 2009 10:07 PM

St Petersburg first time home buyers (defined as a buyer who has not owned a home in the last three years) can continue to receive the $8,000 tax credit incentive as long as their total income does not exceed $125,000 for single filers which has increased from $75,000 and $225,000 for joint filers which is up from $150,000.

What is new? A $6500 incentive for current home owners who are buying a new property and have owned a property for 5 years. This new legislation for current home owners takes effect immediately if they purchase a new home and close after November 6th, 2009.

This is great news for the St Petersburg real estate market. The tax credit already appears to be improving our local market this year. Pinellas Realtor Organization reported an increase in sales for Pinellas County since February. Their September reports are now showing a stabilization for St Petersburg and Pinellas County.

Are you ready to take advantage of the home owner’s tax incentives? Find out how much you qualify for by applying for your St Petersburg Mortgage pre-approval here.

Click here for more information on St Petersburg FHA mortgage loans

To understand Down Payment Assistance for First Time Home Buyers click here

Posted by Mark Yorke on November 5th, 2009 10:07 PMPost a Comment (0)

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Home Buyer Tax Credit Update - The Senate has approved to extend the U.S. tax credit!

November 4th, 2009 10:54 PM

Today, the senate approved the $45 billion plan 98-0. This plan that began in February as part of the economic stimulus package has been created to extend the home buyer tax credit until April 30th 2010.

There are still a few more steps to take until the plan is finalized. Next step, the plan will have to be approved by the House of Representatives and then if approved the plan will need the President's signature as the last step. The House is scheduled to receive the plan as early as tomorrow.

More details on the process of extending the home buyer tax credit to come!

Posted by Mark Yorke on November 4th, 2009 10:54 PMPost a Comment (0)

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Home Buyer Tax Credit Extended and Expanding???

November 3rd, 2009 11:02 PM

According to the National Association of REALTORS(R) we are “almost there” in terms of extending the tax credit. Below are the details NAR listed of the process unfolding.

The extension and expansion of the home buyer tax credit is the pending business in the Senate. After a long week of negotiation on the credit, an agreement on the scope of both expansion and extension has been reached. The extension is part of a larger bill that has not yet gone to vote, however. A Senate vote on the underlying bill will occur during the week of November 1. The package will then go back to the House. The House is expected to accept the Senate amendments, vote on the package, and send it to the President for signature. The underlying bill is an extension of unemployment benefits. Other provisions in the bill include expansion of the net operating loss carry back rules(for business owners), new requirements for some tax return preparers and noncontroversial provisions that "pay for" these changes.

The provisions of the current amendment for the home-buyer tax credit are:

Credit available for purchases before May 1, 2010. Prospective purchasers with binding contracts in place as of April 30, 2010 will be allowed an additional 60 days to complete the transaction.

Credit remains at $8000 for first-time purchasers. No change to definition of first-time purchaser.

New $6500 tax credit for repeat buyers who purchase between December 1, 2009 and May 1, 2010. Repeat buyers must have lived in their homes consecutively for 5 of the previous 8 years.

Income limits are expanded to $125,000 on a single return and $225,000 on a joint return. Current law $20,000 phase-out retained.

New anti-fraud limitations are imposed.

Check back for more details on the Home Buyer Tax Credit Extension.

Posted by Mark Yorke on November 3rd, 2009 11:02 PMPost a Comment (0)

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St Petersburg Home Sales are on the Rise!!

May 30th, 2009 10:43 AM

Home sales in the Pinellas and Hillsborough county areas are increasing and that increase has taken place 8 straight months in a row! According to the Florida Association of Realtors the Tampa Bay/St Petersburg area sold a total of 2,326 single family homes in April which is up 11% from April 2008 when the sales where 2087. The median sales price in April was $135,200 which is a drop of 23 percent from last year's $176,000 partly due to the low listing prices from the large amount of foreclosed home sales flooding the market. There is a hopeful sign in the numbers as the median home price in Jan was 122,400. Even a slight increase to the current 135,200 in April's median home sales is a positive sign for the St Petersburg area. With the new bill from the State of Florida allowing First Time Buyer's to borrow their tax credit for their down payment until next year's tax refunds the St Petersburg housing market should have an excellent 3^rd quarter!

If you are be interested in applying for a St Petersburg Mortgage use this application.

Click here is you need more information on the most popular mortgage loan with the easiest qualifications and lowest down payment, the FHA Mortgage Loan

First time buyers that are in the Military or are Veterans can also take advantage of the down payment assistance loan utilizing the VA Mortgage Loan

Posted by Mark Yorke on May 30th, 2009 10:43 AMPost a Comment (0)

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St Petersburg First Time Home Buyers can borrower the $8000 tax credit from the State of Florida beginning July 1st!

May 29th, 2009 11:34 AM

The Florida Legislature approved a 66.5 billion dollar state budget mid May that provided 30.1 million for the state to fund the down payment assistance tax credit. Although details are still in the works the State of Florida announced that the local county housing operations, beginning July 1st, will allow first time home buyers who could qualify for the federal first time home buyers tax credit to apply for down payment assistance in advance.

The qualified first time buyers will be required to repay the state for the "loan" as soon as the tax credit is provided in the next tax period. The fees and processes of this program will be announce soon. First Time Buyers should check back during the next couple of weeks for more information.

St Petersburg First Time Home Buyers should be ready in advance by getting their mortgage financing applications started so that they can take advantage of the 30.1 million in funds that could go quickly.

Apply here if you may be interested in beginning the St Petersburg Mortgage application.

Click here is you need more information on the most popular mortgage loan with the easiest qualifications and lowest down payment, the FHA Mortgage Loan

First time buyers that are in the Military or are Veterans can also take advantage of the down payment assistance loan utilizing the VA Mortgage Loan

Posted by Mark Yorke on May 29th, 2009 11:34 AMPost a Comment (0)

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