Real estate blog entries tagged with home prices by Gate Arty - Lakeland Florida Real Estate (Gate Arty & the Group

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Home : Blogs : Gate Arty - Lakeland Florida Real Estate : Lakeland Real Estate ... News, Real Estate Tips.. Gate Arty : Tag "home prices"

home prices: Momentum for Home Sales - 08/04/09 04:27 PM

The Natiional Association of Realtors has reported that the pending home sales index rose again for the fifth consecutive month. It rose 3.6% (94.6 from 91.3) in June from May. The pending home sales index tracks signed home purchase contracts and is considered a leading indicator of activity. What is driving this upward momentum? Simply put, distress sales (like short-sales) & foreclosures continue to drive real estate prices downward to levels where buyers can no longer ignore the values. Most people consider this a "once in a lifetime" buyer's market. Let's look at some of the positives: record low interest rates, … (0 comments)

home prices: New Construction Sales Down - 06/26/09 12:10 PM

Sales of new construction homes fell 0.6% in May from April. The median home sales price was $212,600 in April, but rose to $221,600 in May. Meanwhile inventories of these new homes continue to fall to 292,000 units for the month of May. If sales were to hold at their current pace, it would take approximately 10 months to completely clear out the inventory of unsold homes. Builders have experienced intense competition & pressure from the sale of distressed properties & foreclosure that drive prices down, overall.
Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all your … (0 comments)

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