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market conditions: Florida’s existing home, condo sales up in 2Q 2011 - 08/11/11 10:39 AM
According to the latest housing statistics from Florida Realtors, Florida’s existing home and existing condo sales got an upswing in the 2nd quarter of 2011 compared to the same period a year earlier.
Existing home sales rose 1 percent in 2Q 2011 with a total of 52,421 homes sold statewide; during the same period the year before, a total of 51,973 homes changed hands according to Florida Realtors.
Statewide sales of existing condos in the second quarter rose 14 percent compared to the year-ago sales figure.
Also, there's a way to save some money this weekend because the state … (0 comments)
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market conditions: Condo sales and prices rose in June - 07/27/11 09:21 PM
Florida’s existing condo sales rose 8 percent in June with a total of 7,922 units sold statewide compared to 7,330 sold in June 2010, according to the latest housing data released by the Florida Association of Realtors. The statewide existing condo median sales price went up by 2% compared from last month at $94,100 to $92,300 in June of 2010.
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market conditions: Consumer Confidence rises higher in April - 04/26/11 10:19 AM
It was just released a few minutes ago that the consumer confidence index for US consumers has exceeded expectations and risen higher than anticipated in the month of April. While confidence fell off considerably in February, March and April are making up the difference.
Basically this means that consumer opinion about current market conditions improved and short term outlook is starting to appear more positive. Hopefully we can continue on this track, which does tend to be a self-fulfilling prophecy.
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market conditions: Will the cost of gas effect real estate values? - 04/12/11 09:17 AM
I remember reading how property values went up in the city of Philadelphia, because people were moving out of the suburbs in order to keep costs down during the last period of peak gas prices. What was shocking about this story was that real estate was in a near universal downturn at the time and across the board prices were either stagnant or dropping.
Do you think that rising gas prices have a near immediate effect on real estate purchasing decisions?
If you were in the market to buy a home right now and you thought that gas prices were going … (0 comments)
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market conditions: Homes Bought in 2005/2006 are Hardest to Sell - 03/19/11 08:50 AM
The Sun-Sentinel came out with an interesting article on Thursday where they are reporting that homes bought in 2005 and 2006 are the hardest to sell. In hindsight we know those were the peak years for real estate values. Also at the time many buyers were buying home with very little money down, so now that prices have fallen they are severely upside down on the mortgage.
Often times an owner who is upside down has to come to closing with money or seek a short sale approval from their bank if they want to sell in this market. Whereas cash buyers from … (2 comments)
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market conditions: A Hopeful Sign for the South Florida Real Estate Market - 08/10/10 11:53 AM
The numbers on the South Florida Real Estate market for July 2010 came out last week. It appears that Investors and Foreign buyers desire to purchase property before prices rise are driving the market in a positive direction.
Broward County's pending sales is up 25.4% from this time last July with 7,830 homes pending sale.
In Miami-Dade County, pending homes are up an astounding 40.5% from July of last year, with 10,113 pending sales.
Our office is seeing a steady stream of buyers and willing sellers. A lot of people are taking advantage of the opportunities to downsize or upsize their properties while … (0 comments)
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market conditions: I'm happy that I don't have time to blog about my success - 03/15/09 11:24 AM
Things have really changed around my office in the past 60 days. Sales are brisk and it seems that we are making multiple offers just about every day. A lot of buyers are coming out of the woodwork to start buying while the prices are so low. It is sort of a no-brainer when you can buy a 1600 sqft 3 bed 2 bath condo for $105,000! We have selling villas for $220,000 & $250,000 and I just sold a completely remodeled 2 bed 2 bath highrise condo for $132,500.
I am proud to announce that we also have two new top-producers to our office, … (0 comments)
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market conditions: Guess how many people think that the time is right to buy a home in a recent nationwide survery in March? - 03/27/08 09:57 AM
In a recent survey released 77 percent of adults said it is a good time to buy given that market conditions are so favorable for a qualified buyer.
Availability and variety of properties have peakedSellers are giving more and greater concessions Mortgages rates are at historic lowsWith the lapse in sales many homeowners have chosen to upgrade their propertiesProperty taxes are droppingWe have seen what values can reach and now prices are down. It is only a matter of time before prices begin to increase and prospective buyers realize that they can make good long term equity by buying a quality … (0 comments)
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Randy Harden - South Florida Real Estate
Pompano Beach,
FL
More about me…
Wieder Realty, Inc.
Address: 1221 S Powerline Road, Pompano Beach, FL, 33069
Office Phone: (954) 979-9788
Cell Phone: (954) 580-2878
Email Me
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