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Home Prices Improve in Florida Despite Sales Decline
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
READY TO SPEAK TO A PROFESSIONAL?
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Prices Improve in Florida Despite Sales Decline
HOW LOANRATEUPDATE WORKS
READ OUR DISCLOSURE
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
LOANRATEUPDATE IS NOT A LENDER OR A BROKER BUT WE HAVE LOTS OF FRIENDS WHO ARE
Pick the service you desire below
Home Prices Improve in Florida Despite Sales Decline

February 23, 2012 (Shirley Allen)

Home prices of existing single-family homes and condominiums showed improvement from a year ago in Florida despite a drop in monthly and annual home sales according to the latest data from the Florida Realtors®.

An estimated total of 18,007 existing homes and condos were sold in the Sunshine State in January. That was 18.6 percent lower than the 23,462 homes sold in December and 12.0 percent lower than the 20,452 homes sold in January 2011.

Existing single-family homes accounted for 12,044 of the total sales in January. That was 23.4 percent lower than the 15,728 homes sold in December and 5.5 percent lower than the 12,751 homes sold in January 2011.

The median sales price for an existing single-family home in Florida fell 3.9 percent to $129,000 from $134,300 in December but was 5.3 percent higher than the median price of $122,500 in January of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 33.8 percent from 171,961 in January of last year to 113,822 last month.

There was a 6.4 months supply of homes available for sale compared to an 11.0 months supply in January of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “Even though closed sales are down from a year ago, there are two really bright spots in Florida’s housing market. One is a significant increase in pending sales. In fact, pending sales have been up every month since May. The barrier that stands between pending sales and closings is the difficulty consumers are experiencing in obtaining financing.”

Condominium sales accounted for 5,963 of the total sales in January, down 22.9 percent from 7,734 sales in December and 22.6 percent lower than the 7,701 units sold in January of 2011.

The median sales price for a condo in January was $95,000, which was 3.4 percent higher than the $91,900 median sales price in December and 18.8 percent higher than the $80,000 median sales price for a condo in January of last year.

The supply of condominiums available for sale also declined drastically from last year with 60,533 condos for sale compared to 99,266 in January of last year, a decline of 39.0 percent.

The sharp drop in available homes reduced the supply of inventory to 6.4 months, down from an 11.8 months supply a year ago, a drop of 45.8 percent.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 23, 2012 (Shirley Allen)

Home prices of existing single-family homes and condominiums showed improvement from a year ago in Florida despite a drop in monthly and annual home sales according to the latest data from the Florida Realtors®.

An estimated total of 18,007 existing homes and condos were sold in the Sunshine State in January. That was 18.6 percent lower than the 23,462 homes sold in December and 12.0 percent lower than the 20,452 homes sold in January 2011.

Existing single-family homes accounted for 12,044 of the total sales in January. That was 23.4 percent lower than the 15,728 homes sold in December and 5.5 percent lower than the 12,751 homes sold in January 2011.

The median sales price for an existing single-family home in Florida fell 3.9 percent to $129,000 from $134,300 in December but was 5.3 percent higher than the median price of $122,500 in January of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 33.8 percent from 171,961 in January of last year to 113,822 last month.

There was a 6.4 months supply of homes available for sale compared to an 11.0 months supply in January of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “Even though closed sales are down from a year ago, there are two really bright spots in Florida’s housing market. One is a significant increase in pending sales. In fact, pending sales have been up every month since May. The barrier that stands between pending sales and closings is the difficulty consumers are experiencing in obtaining financing.”

Condominium sales accounted for 5,963 of the total sales in January, down 22.9 percent from 7,734 sales in December and 22.6 percent lower than the 7,701 units sold in January of 2011.

The median sales price for a condo in January was $95,000, which was 3.4 percent higher than the $91,900 median sales price in December and 18.8 percent higher than the $80,000 median sales price for a condo in January of last year.

The supply of condominiums available for sale also declined drastically from last year with 60,533 condos for sale compared to 99,266 in January of last year, a decline of 39.0 percent.

The sharp drop in available homes reduced the supply of inventory to 6.4 months, down from an 11.8 months supply a year ago, a drop of 45.8 percent.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
Calculate how much you can afford
BUYING OR SELLING A HOME
IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makles it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS

February 23, 2012 (Shirley Allen)

Home prices of existing single-family homes and condominiums showed improvement from a year ago in Florida despite a drop in monthly and annual home sales according to the latest data from the Florida Realtors®.

An estimated total of 18,007 existing homes and condos were sold in the Sunshine State in January. That was 18.6 percent lower than the 23,462 homes sold in December and 12.0 percent lower than the 20,452 homes sold in January 2011.

Existing single-family homes accounted for 12,044 of the total sales in January. That was 23.4 percent lower than the 15,728 homes sold in December and 5.5 percent lower than the 12,751 homes sold in January 2011.

The median sales price for an existing single-family home in Florida fell 3.9 percent to $129,000 from $134,300 in December but was 5.3 percent higher than the median price of $122,500 in January of 2011.

The number of single-family homes available for sale declined drastically from a year ago, falling 33.8 percent from 171,961 in January of last year to 113,822 last month.

There was a 6.4 months supply of homes available for sale compared to an 11.0 months supply in January of last year.

John Tuccillo, Florida Realtors Chief Economist, stated, “Even though closed sales are down from a year ago, there are two really bright spots in Florida’s housing market. One is a significant increase in pending sales. In fact, pending sales have been up every month since May. The barrier that stands between pending sales and closings is the difficulty consumers are experiencing in obtaining financing.”

Condominium sales accounted for 5,963 of the total sales in January, down 22.9 percent from 7,734 sales in December and 22.6 percent lower than the 7,701 units sold in January of 2011.

The median sales price for a condo in January was $95,000, which was 3.4 percent higher than the $91,900 median sales price in December and 18.8 percent higher than the $80,000 median sales price for a condo in January of last year.

The supply of condominiums available for sale also declined drastically from last year with 60,533 condos for sale compared to 99,266 in January of last year, a decline of 39.0 percent.

The sharp drop in available homes reduced the supply of inventory to 6.4 months, down from an 11.8 months supply a year ago, a drop of 45.8 percent.

Tags: existing homes, condos, sales, median home prices, florida

Source:
Florida Realtors®

THINKING OF BUYING
A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
What's the four square system? How much is your trade-in really worth and why those payments really do seem a little higher than you thought.
There's both advantages and disadvantages to leasing and buying depending on what you're planning to use your car for and how long you plan on keeping it.
Sure that low interest dealer financing sounds really attractive but there's a price to be paid for that. We spill the beans as to why getting your own financing may save you money.
Buying a car at a dealership hasn't changed much through the years but doing your research on the internet can you save you a lot of time and most importantly, a lot of money.
Calculate how much you can afford
BUYING OR SELLING A HOME IS A BIG DECISION
WE MAKE IT EASIER
Buying a home is a big decision. If you are not prepared, the decisions you make, the questions you don’t ask, and the details you miss could cost you thousands – in price, fees, financing, property issues, and home repairs.
Home loans can be confusing. There's a lot of options and we provide the information that makes it simple. Don't sign on that dotted line until you know. It could cost you.
FIND THE CREDIT CARD THAT'S RIGHT FOR YOU
THERE'S A CREDIT CARD FOR VIRTUALLY ANY SITUATION. FIND YOURS.
YOU'VE WORKED HARD TO BUILD YOUR DREAM

LEARN ABOUT THE LOAN OPTIONS AVAILABLE TO EXPAND YOUR BUSINESS