nar: Pending Home Sales Soar To Highest Level in Three Years - 06/03/13 05:09 AM
The National Association of Realtors announced last week that pending home sales had reached their highest level since April of 2010, when the homebuyer tax credit was due to expire. In total, pending sales climbed 0.3 percent in March, bringing the total annual basis up to 10.3 percent.
"The housing market continues to squeak out gains from already very positive conditions," said Chief Economist at NAR Lawrence Yun. "Pending contracts so far this year easily correspond to higher closed home sales in 2013."
Pending home sales, used as a predictor for future home sales rates based on signed contractual agreements to … (0 comments)

nar: Pending Home Sales Rose in March Amid Limited Inventory - 04/30/13 01:17 AM
Pending home sales saw a small rise from February to March according to the Pending Home Sales Index, although limited inventory is forcing contract activity to taper off.
The Pending Home Sales Index rose from 104.1 in February to 105.7 in March, a gain of 1.5 percent from the downwardly revised numbers heading in to the month. This also represents a seven percent increase in the annual basis, and making it the 23rd consecutive month that pending sales have risen above their year before figures.
While the Pending Homes Sales Index shows an increase in contract levels, the effect is beginning to slow, … (0 comments)

nar: Florida Home Real Estate Values Rise - 12/12/12 01:46 AM
Florida home real estate values rise alongside several other major markets as we come to the year’s close. Key areas such as Miami, Bradenton, Sarasota, and Ft. Lauderdale all saw gains in the 3rd quarter as compared to a year ago, with the Cape Coral-Ft. Myers areas seeing the largest percentage change in the house price index at 7.57 percent.Rising prices were not just seen in Florida, as markets in Arizona, California, Texas, and Idaho all saw growth as well. These were areas that all saw dramatic bubble bursts back in 2006-2007, and while today’s prices are showing slow recovery, they … (0 comments)

nar: Housing Market Outlooks Rise Alongside Existing Home Sales - 11/26/12 12:57 AM
October was a great month for existing home sales according to recent reports released from the National Association of Realtors®. Despite interruptions from Hurricane Sandy, as well as the nation’s preoccupation with the election, existing home sales continued to rise by 2.1 percent alongside increases in price due to inventory shortage.Existing home sales, which include single-family homes, condos, co-ops and townhomes, reached an annual rate of 4.79 million in October, a significant 10.9 percent increase above where they were in October 2011. In addition, the national median price for existing homes was $178,600, which was a comparable 11.1 percent increase above … (0 comments)

nar: The NAR Releases Profile of Home Buyers and Sellers 2012 - 11/16/12 12:01 AM
The National Association of Realtors® released their 2012 profile of home buyers and sellers last week, and as usual, it is an interesting look into the patterns of the last year’s worth of movement in the housing market.Some of the highlights released by the NAR included a few surprises, but mostly just confirmation of what many professionals in the industry have been seeing in terms of recent trends.Among the more surprising statistics included only 52 percent of home buyers stating that online was the first step taken in the home buying process. In addition, the average home buyer looked at less … (0 comments)

nar: Housing Market Optimism Continues to 2014 - 11/14/12 10:33 PM
The 2012 Realtors® Conference and Expo took place over the last weekend, and the stories emerging forth from it seem to indicate that we can expect to continue to see improvements in both pricing and development in the housing market.Specifically, Chief Economist of the National Association of Realtors® Lawrence Yun stated that “Existing-home sales, new-home sales and housing starts are all recording notable gains this year in contrast with suppressed activity in the previous four years, and all of the major home price measures are showing sustained increases.”Expectations for the national median of existing home prices is expected to rise a … (0 comments)

nar: MLS To Determine Their Own Rules for Social Media Listings - 11/13/12 12:35 AM
The National Association of Realtors has ultimately elected to allow individual multiple listings sites to decide if they will allow member agents and brokers to share other member’s listings via social media sites such as Facebook, LinkedIn or Twitter.While there has never been a choice regarding what is shown via IDX feeds on participating member sites, social media has been a different matter. As of right now, there has been little to deter agents from advertising whatever listings they choose, so long as they follow the terms of use given by each social media site.There was talk by the NAR to … (0 comments)

nar: Mortgage Rates Reach Record Low! - 09/24/12 03:06 AM
With the Federal Reserve’s announcement to invest in home loans last week, mortgage rates across the nation fell sharply, reaching some of the lowest levels ever seen and bringing in a new wave of opportunity for those currently looking at homes.According to Freddie Mac’s survey of mortgage rates last week, both 30-year and 15-year fixed-rate mortgages saw decreases. The 30-year rate fell from 3.55 percent to 3.49 percent, and the 15-year rate went from 2.85 percent to 2.77 percent.With a fresh influx of Reserve money, to the tune of $40 billion every month, being put into mortgage-backed securities, it is expected … (0 comments)

nar: August Shows Growth in Home Sales - 09/20/12 03:53 AM
Despite economic expectations that existing home sales would only amount to about 4.55 million in August, sales for the month climbed to 4.82 million, showing a 7.8 percent rise.While the median price for single-family homes fell slightly by about $400 to $187,400, this is still a 9.5 percent rise from the median price of $171,200 a year ago.With the recent growth in numbers, the National Association of Realtors is now adjusting their forecasts to raise expectations to an 8 to 10 percent increase in home sales for the year. These numbers could go up even further to a 10 to 15 … (0 comments)

Michael Kara, Central Florida Short Sale Expert (RE/MAX Exclusive Collection)

Michael Kara

Central Florida Short Sale Expert

Orlando, FL

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RE/MAX Exclusive Collection

Address: 3107 Edgewater Drive #1, Orlando, FL, 32804

Office: (407) 447-2829

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RE/MAX Exclusive Collection is a boutique real estate office located in College Park in Orlando Florida. Michael Kara, broker, has over 15 years of experience and closes more pro-consumer short sales than any other Realtor in Orlando.



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