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property value: 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)

property value: New Home Sales INCREASE! - 10/28/08 11:12 AM
The U.S. Commerce Department reported today that month over month sales of new homes rose 2.7% to 464,000 units in September. This was a huge development, considering most analysts had expected a drop from August.  The decline on a year over year basis, however, was more significant as home sales were 33.1% below year ago levels.  Perhaps bargain hunters are responsible for the monthly increase.The median home price dropped by 9.1% to $218,400, a level not seen since September 2004.  There are BUYING opportunities out there folks! Contact you loocal REALTOR now!
Don't forget to visit Central Florida's premier real estate website at www.GateArty.com for … (0 comments)

property value: When Will Real Estate Values Rise? - 10/08/08 04:42 PM
Historically-speaking, home values have ultimately risen after dramatic declines. No kidding, right? Although there isn't any widely known or accepted scientific methodology to pinpoint the top or bottom of any market, experts tend to agree that the following signs indicate an upswing:
1. Real estate values stop declining and begin holding steady or selling side-ways. Although it may seem like commonsense, determining the sales price of a home isn't as easy as it may initially appear. It is important to evaluate sale prices across different segments of the market. For example, luxury homes continue to fall (and thereby lower the mean … (1 comments)

 

Gate Arty - Lakeland Florida Real Estate

Lakeland, FL

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Gate Arty & the Group - Keller Williams Realty

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