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for buyers only realty: 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)

for buyers only realty: 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)

for buyers only realty: 5 Reasons NOT To Buy A Home (Sharon Stevens, St Augustine's ONLY Exclusive Buyers Agent) - 06/21/11 02:52 PM
June is National Homeownership Month, but the National Association of Exclusive Buyer Agents (NAEBA), an organization of real estate professionals who advocate for home buyers, cautions that, for some, this may not be a good time to become a homeowner.
According to 2011 NAEBA President Michael Crowley, “A potential home buyer needs to seriously consider at least five reasons that home buying may not be the best choice right now.”  Crowley mentioned mixed economic indicators and the potential for the market to turn soft again to a point where first time home buyers could potentially lose their down-payment and time invested … (1 comments)