Florida Home Sales Get Some to Say, “we’re baaaaackkk!”
August 14, 2009 by admin
Filed under Positive Real Estate
Sales of existing single-family homes in Florida rose 23 % in the 2nd qtr. 2009 compared to the same period a year earlier. According to the Florida Association of Realtors (FAR). A total of 43,125 existing homes sold statewide in 2Q 2009; during the same period the year before, a total of 35,008 existing homes sold. It marks the 4th consecutive quarter that Florida has seen higher existing year-to-year home sales, according to FAR.
16 of Florida’s metros areas (MSAs) reported increased sales of existing homes in the second quarter compared to the same three-month-period a year earlier, while 12 MSAs showed gains in condo sales.
Sales of existing condominiums statewide in the second quarter rose 29 % year over year for the third consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.
“In spite of the challenges with the economy, most people – 83 percent – still believe that buying a home is a good financial decision, according to a recent survey from the National Association of Realtors (NAR),” says 2009 FAR President Cynthia Shelton, CCIM, CRE. “Many homebuyers are realizing that this is the time to buy – with a good selection of housing inventory, affordable pricing and low mortgage rates.
Read more: http://rismedia.com/2009-08-13/floridas-existing-home-condo-sales-rise-in-2q-2009/#ixzz0OBRVjAOW
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