Tuesday, December 21, 2010
Tuesday, December 7, 2010
Pending home sales increased by 10.4% in October 2010, showing a positive trend, according to the National Association of Realtors. The Pending Home Sales Index (PHSI) rose to 89.3 based on the number of contracts signed in October from 80.9 in September. The data reflects sale contracts and not closings, which normally occur with a lag time of one or two months. In a Florida Realtor article, the National Assoc. of Realtors’ chief economist said outstanding housing affordability conditions drew in more homebuyers. The market is showing signs of recovery.
at 10:16 PM
Thursday, December 2, 2010
• The # of units under contract is down by about 10%, however from August to October 2010 this # is up by approx. 7%.
• Average price per sq.ft. is on an upward trend of approx. 5%.
• 42% of all residences for sale in the Gables are condos.
at 11:51 AM