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exclusive buyers agent: Real Estate Market Update Aug 1, 2011 by Sharon Stevens of For Buyers Only Realty of St Augustine, Exclusive Buyers Agent - 08/01/11 09:17 AM
Last week's most positive note came with Pending Sales of Existing Homes, UP 2.4% for June. This was especially gratifying coming on the heels of the 8.2% gain for May. These figures bode well for Existing Home Sales a few months out. New Home Sales did not fare quite as well. Sales of new single-family homes fell 1% for June, coming in at a very modest 312,000 annual rate. But the months' supply of new homes dropped to 6.3, as inventories declined by 3,000 to their lowest level since 1963. The $235,200 median price was UP 7.2% over last year, while … (1 comments)

exclusive buyers agent: Real Estate Market Update July 25, 2011 by Sharon Stevens of For Buyers Only Realty of St Augustine, Exclusive Buyers Agent - 07/25/11 08:46 PM
Last week included both problems and progress in the housing market. Getting the probs out of the way, June Existing Home Sales came in down 0.8% versus May, to an annual rate still below 5 million units, lifting the months' supply to 9.5. But all the sales decline was from condos and coops, single-family sales staying the same. We appear to be bouncing along a bottom, as the median price of an existing home rose for the month and is now up 0.8% from last year. Average prices are up 2.7% versus a year ago. But strong progress could be seen … (0 comments)

exclusive buyers agent: Real Estate Market Update July 12, 2011 by Sharon Stevens of For Buyers Only Realty of St Augustine, Exclusive Buyers Agent. - 07/12/11 08:52 AM
It finally appears seeds are being planted for a housing recovery. Fannie Mae’s monthly survey reported that Americans expect home prices to drop just 0.5% in the next year. Some reported this as a negative because a 0.7% price gain was expected last month. But other analysts see this as a bottom, and those surveyed agree, as the majority (69%) believe it’s a good time to buy a home.
A MacroMarkets LLC study echoed this. More than 50% of the economists, real estate experts and investment strategists polled said they expect a bottom for national home prices this year. Almost two … (0 comments)