Funie Steed Road has been closed for a few months as work progresses on the intersection with Westside Blvd. Is it nearing completion? Not quite…
For the buyers that need funding the most for first time home purchases, funding continues to remain an issue.
Because of the previous lax scrutiny by certain lending underwriters, many home buyers were able to secure funds based on inaccurate proof of income, savings, and credit history. Combined with the easy access loan programs with early low interest rates, this made for an easy purchase opportunity for those with real inability to pay over the long term.
With nothing in a property so to speak, many are simply walking away from their purchases. What this leaves, is a large inventory of product with very few qualified buyers.
Now, underwriting scrutiny has really tightened up. Higher credit scores are needed, solid proof of adequate income, and documented savings verification are just part of the necessary paper trail.
For those with average incomes, this provides for a very real challenge.
A NEW TRAFFIC LIGHT
Old Lake Wilson Road & Ronald Reagan Parkway
Ground preparation for the next large shopping center is under way on the south side U.S. #192 at East Orange Lake Boulevard; 300,000 Sq. Ft. of retail space to go in.
Watch it grow.
… photo courtesy of the Alan Coleman, on winter holiday 2007…
- Taken from a Clear Creek Circle pool deck -
BATES ROAD
… affordable new-build family homes in growing location …
3BD’s - 1594 SQ. Ft. to 5BD’s -2500 Sq. Ft.
From the $190’s
Contingent no doubt on the approval of a land use designation change, an Irish concern has big plans for this property. If approved by Polk County, look for more residential units to be added, in addition to a hotel and new commercial area.
Time frame goes out 10 years, with an investment of some $300 million.
Happy New Year
- 2008 -