Hot Property

Florida’s existing home, condo sales rise in May

ORLANDO, Fla., June 22, 2010 – Sales of existing homes in Florida rose 18 percent in May, marking 21 months that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors®. A total of 16,745 single-family existing homes sold statewide last month compared to 14,172 homes sold [...]

Pending Home Sales on an Upswing

Pending home sales increased again in March, affirming that a surge of home sales is unfolding for the spring home buying season, according to the National Association of REALTORS®. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in March, rose 5.3 percent to 102.9 from 97.7 in February, and is 21.1 [...]

Interest Rates Falling – Home Demand Rising

According to Freddie Mac, 30-year-fixed-rate mortgage average fell further to 4.87 percent with an average 0.7 point for the week ending Oct. 8 from 4.94 percent. “Such low rates are spurring mortgage demand,” said Frank Nothaft, Freddie Mac vice president and chief economist, in a statement. “Interest rates for 30-year fixed-rate loans were the lowest [...]

CONDO SALES also on the RISE IN FLORIDA

Florida’s existing home sales rose in June – the 10th consecutive month that sales activity showed gains in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). Statewide sales in June also increased over the previous month’s sales level in both the existing home and existing condominium [...]

YES ! Florida Home Sales UP 7th Straight Month!

HOME SALES Florida’s existing home sales rose 30 percent in March, making it the seventh month in a row that sales activity was higher than year-ago levels, according to FAR’s latest housing data. Statewide existing condo sales increased 25 percent over the same period; and last month’s home and condo sales were higher than February’s [...]

Florida Home Sales UP 6th Straight Month

ORLANDO, Fla. – March 23, 2009 – Florida’s existing home sales rose in February, making it the sixth consecutive month that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors® (FAR). February’s statewide sales also increased over January’s figures in both the existing [...]

New Home Starts Defy Economists Dim Forecasts

WASHINGTON  – March 17, 2009 – The number of new housing projects that builders broke ground on in February rose sharply, defying economists’ forecasts for yet another drop in activity. The Commerce Department reported Tuesday that construction of new homes and apartments jumped 22.2 percent from January to a seasonally adjusted annual rate of 583,000 [...]

Florida Home and Condo Sales UP first time in 3 years

We’re off to a good start.  As the Mortgage Bailout helps ease our credit crisis, we expect to see these numbers get even better.  Team Sumberg is constantly working with lenders to stay on top of today’s issues and solutions.  Call us for details. Oct. 24, 2008 – For the first time in almost three [...]

U.S. Home Sales JUMPED 5.5% last month

Team Sumberg is very happy to announce that the country has seen a dramatic increase in home sales – finally!  Now is absolutely the time to purchase a home if you are financially able to.  Sales of previously owned U.S. homes rose 5.5 percent last month, the biggest gain since July 2003, and the inventory of unsold [...]