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market trends: Yun's Reporting, Reinvigoration, Rebuilding - 02/26/10 06:36 AM
Lawrence Yun, Chief Economist, NAR Research shares his insights on the current market. He easily predicts that we are likely to see a surge in home sale activity as Buyers flock to beat the new tax credit expiration this spring. We are seeing that in the rise of sold homes in St. Augustine. After that, the forecast is that sales will most likely tumble once more in the immediately following months.
Yun advises “The key gauge to monitor at that time is whether or not sales remain above their level a year ago. If so, we can be assured that the … (4 comments)

market trends: Is The Market Stabilizing? - 07/27/09 01:45 PM
Is The Market Stabilizing?  That is a good question.
I've seen increased activity in the St. Augustine real estate market and my business has picked up over the last few months.  Just published today on the Florida Association of REALTORS Early Bird Newsletter it seems that the expert opinions are mixed.  However, the majority believe that existing home sales have hit bottom.
Here is more on the report:
 
http://www.floridarealtors.org/NewsAndEvents/n1-072709.cfm
For those of you who know me know that my glass is always half full and believe in the power of Positive Press.  I agree with the 37% of economist reported in this article … (0 comments)

market trends: Home Sales are up... ? - 07/26/09 06:11 PM
I've been seeing more buyer in the last month.  I said that the month before that, and the month before that.  With five homes under contract to close in the next 30 days, I believe that the market in St. Augustine Florida is stabilizing. 
I read an article in our local local newspaper, the St. Augustine Record, that quoted National Association of REALTORS (NAR) reported "the seasonally adjusted annual sales rate of existing homes in June was up 3.6 percent over May." Does that mean we are on the way to a recovery?  Read the article and see for your self
http://staugustine.com/stories/072609/business_1781388.shtml
Marjorie Taylor, … (2 comments)

market trends: Has the bottom hit in St. Johns County? - 06/30/09 05:25 AM
Has the bottom hit in St. Johns County?
 
The state of Florida has some of the highest foreclosure concentrations in the country.  I am currently working with several young couples trying to find their first home and the foreclosures and short sales are so enticing.  Well, the prices of these are enticing to many buyers.  This is leading to people fighting over properties and getting into bidding wars.
 
We actually have BUYERS (yeah!) and they are BIDDING WARS!  Wow, what a change from last year.
 
I am beginning to wonder if the end of the bust is here … (4 comments)