Check out this choice listing in beautiful Plantation Bay- click on home picture to see interior shots

# 489663 810 Westwood Drive OB, 32174 $620,000 Single Family Area: 47 Plantat Bay,Halifx P,SugarMill County: FL Photos: 12 Status: Active Volusia County School Board
	Bedrooms: 4 Bathrooms: 3 Half Baths: 1 Living Area: 3845 Total Area: 5475 Source: Property Appraiser Lot Size: 1300 SF Year Built: 2005 As Is Cond: No Subdivision: Plantation Bay Pets YN: Bedroom 1: 20x16 Living Rm: 20x18 Utility Rm: 10x8 Bedroom 2: 15x15 Dining Rm: 16x16 Porch/Balc: 31x26 Bedroom 3: 16x13 Family Rm: 21x20 Deck/Patio: 65x35 Bedroom 4: 16x13 Kitchen: 24x23 Other Rm: Den/Office 31x13 Special Cont.: N Parking: NA Pool:Heated , Inground Pool Home , Screened Garage: 2 Car Garage , Oversized , Workshop Sale or Lease: Sale Style: Single Family Lease Price: $ Lease Availability: Lease Terms:
Virtual Tour: Architecture: Contemporary Construction: Concrete Block Building: 2 Stories Roof: Shingle Floor Covering: Carpet , Tile Orientation: East A/C: Central , Multiple Units , Zoned Heat: Central , Electric , Zoned Water: Private Land Type: Acreage: 0 to 1/2 Sewer: City Waterfront: Lake Front Occupancy: Occupied Ownership: Rooms: Balcony/Decking , Bonus Room , Breakfast Bar , Breakfast Nook , Dining Room , Eat-In Kitchen , Family Room , Foyer , Great Room , In-Law Suite , Inside Laundry , Living Room , Media Room , Office Appliances: Cooktop , Dishwasher , Disposal , Dryer , Range , Refrigerator , Washer Inside: Attic Fan , Cable/DSL Internet , Cathedral Ceiling , Ceiling Fans , Split Bedrooms , Volume Ceiling , Wet Bar Outside: Clubhouse Facility , Irrigation Sprinkler , Screened Porch Misc: Gated Community , Golf Community , Homeowners Association , Jacuzzi/Hot Tub , Security System Porch: 2+ Porches/Decks , Balcony , Enclosed , Screened Remarks: GORGEOUS LAKEFRONT EXECUTIVE HOME in gated secure Plantation Bay. Floor plan is Poinciana model with DOUBLE BONUS ROOMS upstairs. This property has it all- Spacious master suite, huge walk in shower, walk in closets. Living and family rooms open to a spacious paver patio with low maintenance saline lap pool. Beautiful lake views from pool. Office and extra bedrooms on first floor. Huge upstairs with FITNESS ROOM, plus awesome HOME THEATRE (both of which could easily be bedrooms). Seller will consider conveying theater equipment at negotiable terms. Other features include an oversized double garage, wet bar, security system, multiple AC units and zones, and high end laundry with personal dry cleaner. Many other amenities. Home is barely lived in, shows like a model. All information recorded in the MLS intended to be accurate but cannot be guaranteed.

June housing construction rises unexpectedly

July 17, 2009 – Construction of new U.S. homes rose in June to the highest level in seven months, a sign builders are starting to regain confidence as they emerge from the housing bust.

The Commerce Department said Friday that construction of new homes and apartments jumped 3.6 percent last month to a seasonally adjusted annual rate of 582,000 units, from an upwardly revised rate of 562,000 in May.

That was better than the 530,000-unit pace economists expected, and the second straight increase after April's record low of 479,000 units.

In another encouraging sign, applications for building permits, seen as a good indicator of future activity, rose 8.7 percent in June to an annual rate of 563,000 units. Economists polled by Thomson Reuters expected an annual rate of 520,000 units.

The jump in housing starts reflected a more than 14 percent rise in construction of single-family homes.

Over the past three years, the collapse in the housing market led to soaring loan losses, a severe banking system crisis and the longest recession since World War II. Even with the better-than-expected figures, analysts don’t expect a quick rebound in housing. That's because the economy is still shedding jobs and home prices are falling, making people hesitant to commit to buying a new home.

The National Association of Home Builders said Thursday that its housing market index rose two points to 17 in July, the highest level in nearly a year. Readings below 50 indicate negative sentiment about the market. The last time it was above 50 was April 2006.

While housing normally leads the economy out of a recession, a glut of unsold homes and a record wave of mortgage foreclosures dumping more properties on the market is expected to temper demand. Despite the rise in housing construction for June, activity still was 46 percent below the year-ago level.

Mortgage rates fall again

July 17, 2009 – Rates for 30-year home loans dropped for the third-straight week, inching toward a record low reached earlier this year, Freddie Mac said Thursday.

The average rate for 30-year fixed mortgages was 5.14 percent this week, down from 5.2 percent last week. Last year at this time, the rate for a 30-year mortgage averaged 6.26 percent, Freddie Mac said.

Falling mortgage rates can spur refinance activity, which increased as rates on 30-year mortgages fell to a record low of 4.78 percent in April.

But rates then rose as high as 5.6 percent in June after yields on long-term government debt – closely tied to mortgage rates – climbed as investors worried that the huge surplus of government debt hitting the market could trigger inflation.

Since then, the yield on the 10-year Treasury note has fallen back from an eight-month high of 4.01 percent reached in June to 3.53 percent on Thursday.

Frank Nothaft, Freddie Mac’s chief economist, said rate reductions over the past five weeks translate into monthly savings of $56 on a $200,000 mortgage.

Freddie Mac collects mortgage rates on Monday through Wednesday of each week from lenders around the country. Rates often fluctuate significantly, even within a given day.

This week, the average rate on a 15-year fixed-rate mortgage fell to 4.63 percent, down from 4.69 percent last week, according to Freddie Mac.

Average rates on five-year, adjustable-rate mortgages were 4.83 percent, up just a bit from 4.82 percent a week earlier. Rates on one-year, adjustable-rate mortgages fell to 4.76 percent from 4.82 percent.

The rates do not include add-on fees known as points. The nationwide fee averaged 0.7 point for 30-year and 15-year fixed rate mortgages, and five year adjustable rate mortgages. The fee for one-year adjustable rate mortgages was 0.5 point.