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lakeland real estate: Sale Increase 4 Straight Months! - 08/24/09 01:28 PM
Existing home sales rose a whopping 7.2% in July to 5.24 million units. In June, there were 4.89 million units sold. This increase was the largest month-to-month gain in over 2 years! The percentage increase was the largest since 1999. This also marks 4 straight months that we have seen sales increases. Lawrence Yun, NAR chief economist, said, "The housing market has decisively turned for the better. A combination of first-time buyers taking advantage of the housing stimulus tax credit and greatly improved affordability conditions are contributing to higher sales." Remember that the $8000 stimulus tax credit runs through November so … (0 comments)
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lakeland real estate: Mortgage Deliquency Rises - 08/20/09 03:18 PM
The mortgage delinquency rate, which is defined as the percentage of mortgage holders who are over 60 days or more late on their payments, rose for the tenth consecutive quarter (thru 2nd QTR, 2009). It is now at an all-time high of 5.81%. How should we put this figure in perspective? Well, that is an increase of 65% from the same time period last year. Nevada, Florida, California, & Arizona led the way with the highest foreclosure rates. North & South Dakota and Alaska had the lowest rates.
Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for all … (0 comments)
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lakeland real estate: Homes Getting Smaller - and it's not just in Lakeland Real Estate - 08/12/09 04:02 PM
We have all heard that the demand for new home construction has shrunk due to home buyers targeting foreclosures & short sales rather than building new homes. Did you know, however, that the actual size of new homes is shrinking as well? I mean literally. The U.S. Census Bureau reports that the median size of new homes has dropped to 2,065 square feet. This represents a 7% drop in size compared with this time last year. Most industry professionals attribute the reduction in home size to the economic downturn. "Home size gains flatten out or decline during recessions, and we're in … (0 comments)
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lakeland real estate: Building Permits Down Locally & Nationally - 04/30/09 03:32 PM
It was a case of good news . . . bad news for local builders in Polk County when we review their March 2009 numbers. The good news? Well, the month of March marked their peak for the entire year. The total permits were 102 which was up from 89 in February and 80 in January. The 102 permits represent a 35% decrease from the previous year and marked the lowest March total since 1995. When you compare these numbers on a nationwide scale, they look quite healthy, though. Nationally, housing starts fell almost 50% in March year-on-year. They slid approximately 11% … (0 comments)
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Gate Arty - Lakeland Florida Real Estate
Lakeland,
FL
More about me…
Gate Arty & the Group - Keller Williams Realty
Address: 218 East Pine Street, Lakeland, FL, 33801
Office Phone: (863) 680-9988
Cell Phone: (863) 529-3222
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