Housing Market Trends

By
Real Estate Agent with Marie Avery/RE/MAX Alliance Group

I recently heard Dr Yun, NAR Senior Economist speak.   I thought I would share some of his interesting statistics.  Most of his statistics are as of June 2007. He stated that existing home sales have dropped to about 47% from the peak. New home sales have dropped about 34% from the peak. New home construction has dropped 33% nationwide, for Florida it has dropped a dramatic 70%. Ouch! Investor speculation has dropped 29%, we woud have thought it was more. As a result of course, construction jobs have fallen dramatically.

 He went on to speak about the foreclosure rates. Florida actually has a lower foreclosure rate than the national average which was about 8%.

 

Positive staistics included fairly stable mortgage rates, average household wealth increase and an actual increase of vacation home sales in the country.

 

Posted by

Marie Avery

WCR, CDPE, CIPS, CLHMS, CRS, GRI, e-Pro, PMN, TRC                                                                                                                                     

Avery-Ayers & Associates RE/MAX Alliance Group Bradenton / Sarasota, Florida  941-725-0911                                                                                             

Marie@AveryAndAyers.com  www.BradentonRealEstate.com   Blog: www.AveryAndAyers.com                                                                                                        

I appreciate your referrals! Servicing your Real Estate needs in Florida, in Manatee County, serving Bradenton, Palmetto, Ellenton, Parrish, Lakewood Ranch and north Sarasota.

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