by The KCM Crew on December 28, 2012
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by The KCM Crew on November 16, 2012 Print This Post
Sales of newly built, single-family homes rose 5.7 percent to a seasonally adjusted annual rate of 389,000 units in September, according to newly released figures from HUD and the U.S. Census Bureau. This is the fastest sales pace recorded since April of 2010.
“Combined with consistent, positive reports on housing starts, permits, prices and builder confidence in recent months, today’s data provides further confirmation that a gradual but steady housing recovery is underway across much of the nation,” says Barry Rutenberg, chairman of the National Association of Home Builders (NAHB) and a home builder from Gainesville, Fla. “Consumers who have been on the sidelines during the past few years are deciding now is the time to go forward with a new-home purchase, assuming they can qualify for a good mortgage under today’s exceedingly stringent guidelines.” Print This Post
by The KCM Crew on October 23, 2012
The National Association of Realtors’ (NAR) September Existing Home Sales Reportrevealed that sales declined modestly, but inventory continued to tighten and the national median home price recorded its seventh back-to-back monthly increase from a year earlier.
Total existing-home sales fell 1.7% but are 11% above the pace in September 2011.
Other findings revealed in the report: (More …) Print This Post
ORLANDO, Fla., July 19, 2012 – Florida’s housing market had increased pending sales, more closed sales, higher median prices and a reduced inventory of homes for sale in June, according to the latest housing data released by Florida Realtors®.
“Florida’s housing recovery continues its positive momentum,” said 2012 Florida Realtors President Summer Greene, regional manager of Better Homes and Gardens Real Estate Florida 1st in Fort Lauderdale. “All of the signs point to solid gains, which is good news for the state’s economy. In June, pending sales were up 31 percent for existing single-family homes and nearly 23 percent for townhouse-condo units compared to a year ago. The trend shows that many buyers are ready to purchase their Florida dream home, but a lack of financing options and overly restrictive credit standards remain obstacles.”
Pending sales refer to contracts that are signed but not yet completed or closed; closed sales typically occur 30 to 90 days after sales contracts are written.
Statewide closed sales of existing single-family homes totaled 18,800 in June, up 5.3 percent compared to the year-ago figure, according to data from Florida Realtors Industry Data and Analysis department and vendor partner 10K Research and Marketing. The statewide median sales price for single-family existing homes last month was $151,000, up 8.2 percent from June 2011. (More …) Print This Post
by CoreLogic Research Posted Wed, 2012-07-25 09:49
The MarketPulse Report for July is available for free download. There are several significant findings in the report.
- Home prices are up in many markets as high negative equity shares keep many sellers off the market and demand for distressed properties remains high.
- The lower end of the home price tier is rebounding at more than three times the rate of the upper end driven by distressed sales.
- The Home Price Index (HPI), including distressed sales, posted the largest year-over-year spring price gain in the last 25 years.
- Estimates show that refinancing accounted for 70 percent of the total mortgage originations market over the past 12 months.
To find out more about these surprising findings, you can download the report here . Print This Post
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As an affiliate of the prestigious Leading Real Estate Companies of the World network, we are proud that our organization produced more homes sales volume in 2011 than any national real estate network.
Leading Real Estate Companies of the World® also leads in the number of sales, with about 20% more transactions sides than the closests competitor.
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Excluding distressed sales, month-over-month home prices increased 0.7 percent in February from January, according to CoreLogic®, a provider of information, analytics and business services. The company’s February Home Price Index (HPI) also showed (More …) Print This Post
Click on the image below for full report and printable format.