Last month, we mentioned that the Federal Reserve is discussing raising interest rates (it may even happen as early as spring 2015) so it continues to stay true that now is the time to buy or sell. Higher interest rates can have a negative impact on home affordability. They can slow down price increases for Sellers while reducing the amount of money a Buyer has to spend due to these higher interest payments. Current interest rates are still at historic lows, making it the perfect time to get in the Central Florida real estate market, whether as a Buyer or a Seller.

It was shared last week that the Kissimmee City Commission recently voted to rezone the north end of Main Street in hopes of revitalizing the area. The biggest change that came out of this rezoning issue was the fact that no new schools would be allowed into the vicinity. 

Is there big news on the horizon for Central Florida homeowners? To answer that question we need to understand what the Mortgage Debt Cancellation Act is and how it impacts property owners...

The Mortgage Debt Cancellation Relief Act was established in January 2007 to provide tax relief to borrowers on forgiven home mortgage debt (up to $2 million), as long as the debt was secured by a principal residence and the total amount of the outstanding mortgage did not exceed the original purchase price plus the cost of improvements. What does this really mean?