Tuesday, June 27, 2006

Florida's housing sector in May continued to adjust to changing market conditions, including a greater inventory of homes available for sale in many areas. A total of 18,680 existing single-family homes sold statewide last month, a decrease of 24 percent from a year earlier, according to FAR. Meanwhile, the statewide existing-home median price rose 11 percent to $256,400.
Read the full story:

Monday, June 19, 2006

Commercial Market a 'Bright Spot' in Economy(June 13, 2006) -- Healthy demand for space is driving commercial real estate markets with solid fundamentals and strong investment activity, according to the NATIONAL ASSOCIATION OF REALTORS®' latest Commercial Real Estate Outlook

Landscaping Improvements Pay Off Big(June 12, 2006) -- Money spent sprucing up the yard with trees, shrubs, lighting, and patios is well spent — especially when it comes time to sell the home, a new study says


Wednesday, June 07, 2006

A new survey say "Working with a Realtor pays off"

a new report released reports that people going it alone selling their own house as a FSBO average $210,000 verses the average house sold with the assistance of a Realtor is $255,000. Thats a difference of $45,000!!!!
Here are some other very interesting facts:

87% of homebuyers in Florida used a real estate professional in 2005.

15% found their home online.

The median household income of homebuyers in Florida was $73,200

First time Florida homebuyers accounted for 22 percent of home purchased in the state in 2005, & they had a median income of $49,400

64% of recent Florida homebuyers ranked neighborhood quality as the most important factor influencing the location of thier home purchase.

85% of Florida homebuyers financed thier home purchase, and 18% financed the entire purchase price

Best regards,
Chad Stewart, Sales Associate
tel: 386-755-0808 / fax: 386-755-0805 / CELL: 386-867-1782
426 SW Commerce Dr. / Suite 130 / Lake City, FL 32025
TOLL FREE 877-871-0808 / DIRECT : 386-487-1463

Monday, June 05, 2006

New Home Sales Skyrocket in AprilThe fastest sales pace this year was recorded this past April. The Commerce Department reported last week new single family home sales increased 4.9 percent last month to a seasonally adjusted rate of 1.198 million units, the highest rate since last December. Economists had previously forecast a decline in sales for April and said the decrease did not occur because the government had lowered sales activity tremendously in past months. Economists also noted the remaining number of unsold homes on the market for this month was the highest on record which they predict will lower prices in the future. The national median price of a home sold in April was $238,500, a small increase of 0.9 percent since April of 2005. Sales were up in all areas of the country except for the Midwest where sales fell 1.1 percent. The Northeast showed an increase of 8.2 percent, followed by the South with 7.8 percent and two percent in the West.
This story is the complete property & credit to http://www.fhba.com/