An article written Derek Kravitz and Martin Crutsinger for The Associated Press indicated that construction has recently jumped by 14.6 percent; although, single family homes declined by 1%. Over all; the jump is the highest in 20 months. Builders broke ground on an adjusted rate of 596K units. The article went on to state that [...]
There is no getting away form the simply fact that we are in a “BUYERS MARKET”. The reality is that foreclosures and short sales are still increasing at a drastic rate. As we all know simple economics will dictate that the more supply we have the less likely we are to have demand catch up [...]
Most of the professionals in the business would probably agree that although 2009 did show some signs of recovery in the housing market they certainly look forward to new year with new hopes. Well, there is some good news on the horizon along with some positive indicators. I recently read a message written by NAR [...]
According to a recent article in the Miami Herald 2009 was a pretty good year for condo sales in the Downtown Miami area. The article expresses that buyers snatched up good deals at a rate of 7 condos per day. In my opinion this is extremely impressive in light of the downturn in the real [...]
Today I got several report from reliable sources (NAR, FAR and Realtor.org) that the pending home sales index was significantly down from October 2009 to November 2009. As most of us know the pending home sales index is an excellent indicator often used to forecast future real estate activity in a market or even nationally. [...]
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