Both sales and prices down but leveling off WASHINGTON (September 25, 2006) – Existing-home sales stabilized at a sustainable pace in August, while home prices showed an anticipated decline, according to the National Association of Realtors®. Total existing-home sales – including single-family, town-homes, condominiums and co-ops – slipped 0.5 percent to a seasonally adjusted annual […]
Builders slow down starts of new homes. Construction starts on new homes plunged last month as builders curtailed production in response to mounting inventory and slowing sales. The Commerce Department reported yesterday that housing starts dropped 6% in August from a month earlier to a seasonally adjusted annual rate of 1.665 million units. That was […]
Wayne Homes will no longer build in Flagler County While the Centex Destination Properties division will stay to complete the new resort hotel/condominium complex, the residential unit will be gone in a few months. Several agents and administrative personel have been or will be let go.
Understanding Commission: Who gets paid? How? How much? Who wins? Who loses? In any property transaction, the participating brokers and their sales agents receive commission. It is essentially their only source of revenue. With rare exception – No transaction means no revenue. The more you understand “the rules” under which they operate, the better you will […]
These days more than one in five homebuyers is a single woman. NORTH PALM BEACH, Fla. — Aug. 31, 2006 — These days more than one in five homebuyers is a single woman. Spurred on by a healthy real estate market, a variety of new loan options and more buying power than they had in […]
What are economists saying about the decline? Sales of existing homes in the U.S. decreased in July for the fourth month in a row, the National Association of Realtors said. Sales dropped by 4.1% from June to a seasonally adjusted annual rate of 6.33 million, the lowest level since January 2004. The inventory of unsold […]
Florida, the only non-western state in the top ten was 3rd. August 22, 2006 – For the second year in a row, Flagler County, Fla., had the highest rate of growth in the number of housing units of any county in the nation, according to U.S. Census Bureau estimates released today. The estimates cover July 1, […]
Additional disclosures required for property seaward of the coastal construction control line. Last week, Gov. Jeb Bush signed SB 1948 into law, requiring sellers of coastal property located seaward of the coastal construction control line (CCCL) to make additional disclosures effective this Saturday, July 1 2006. The disclosure, which must be given before the contract […]
Prices still increasing Sales of existing homes in the U.S. fell in May to a 6.67 million annual rate, a 1.2% decline from April’s revised 6.75 million annual pace, the National Association of Realtors said Tuesday. April resales were originally seen at 6.76 million. Meanwhile, an improved outlook for the economy’s performance over coming months […]
Florida real estate market giving mixed signals — May 25, 2006 – Florida’s housing sector continued to show signs of market adjustments in April as mortgage rates edged up and the inventory of homes available for sale remained at higher levels in many markets. Statewide, the existing-home median price rose 13 percent to $249,700 […]