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Miami Home Sales Fall in June, Home Prices Still Rise
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
Miami Home Sales Fall in June, Home Prices Still Rise
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
Miami Home Sales Fall in June, Home Prices Still Rise

August 7, 2012 (Shirley Allen)

Sales of new and re-sale homes in the Miami area failed to meet expectations in June, falling almost five percent from May’s tally, but home prices continued to improve, rising year-over-year for the sixth consecutive month according to the latest housing data released by DataQuick.

A total of 10,105 new and resale homes and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 4.8 percent lower than the 10,620 homes sold in May but up from the 9,856 homes sold in June of 2011.

Home sales in the region typically increase around six percent between May and June and were 17.7 percent lower than Miami’s average June sales rate.

New home sales in the area were 75.7 percent below average while sales of existing homes were only 6.0 percent below their historical average. New home sales for the month were the lowest on record for a June.

Cash buyers accounted for 63.0 percent of the purchases made in June, which was down from 65.4 percent in May and down from 64.2 percent a year ago. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

The price that cash buyers paid for the homes they purchased in June increased to $110,000 from $106,000 in May and was up from $96,100 in June of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.0 percent of all homes sold in June paying a median price of $110,000, up from $105,000 in May and up from $90,700 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $150,000, which was up from $144,800 in May and up from $135,000 in June of last year.

The median home price is 48.3 percent below the peak median price of $290,000 in June 2007. It was the sixth consecutive month that year-over-year prices have increased after falling for the previous 52 consecutive months.

Miami’s multi-million dollar luxury market, houses and condos that sold for $2 million or more, was down 27.3 percent from the previous month and down 16.2 percent from a year ago.

Tags: existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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.
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A NEW CAR?


WE GIVE YOU THE INSIDE TIPS THAT
COULD SAVE YOU THOUSANDS.
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BUYING OR SELLING A HOME IS A BIG DECISION
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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

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August 7, 2012 (Shirley Allen)

Sales of new and re-sale homes in the Miami area failed to meet expectations in June, falling almost five percent from May’s tally, but home prices continued to improve, rising year-over-year for the sixth consecutive month according to the latest housing data released by DataQuick.

A total of 10,105 new and resale homes and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 4.8 percent lower than the 10,620 homes sold in May but up from the 9,856 homes sold in June of 2011.

Home sales in the region typically increase around six percent between May and June and were 17.7 percent lower than Miami’s average June sales rate.

New home sales in the area were 75.7 percent below average while sales of existing homes were only 6.0 percent below their historical average. New home sales for the month were the lowest on record for a June.

Cash buyers accounted for 63.0 percent of the purchases made in June, which was down from 65.4 percent in May and down from 64.2 percent a year ago. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

The price that cash buyers paid for the homes they purchased in June increased to $110,000 from $106,000 in May and was up from $96,100 in June of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.0 percent of all homes sold in June paying a median price of $110,000, up from $105,000 in May and up from $90,700 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $150,000, which was up from $144,800 in May and up from $135,000 in June of last year.

The median home price is 48.3 percent below the peak median price of $290,000 in June 2007. It was the sixth consecutive month that year-over-year prices have increased after falling for the previous 52 consecutive months.

Miami’s multi-million dollar luxury market, houses and condos that sold for $2 million or more, was down 27.3 percent from the previous month and down 16.2 percent from a year ago.

Tags: existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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

August 7, 2012 (Shirley Allen)

Sales of new and re-sale homes in the Miami area failed to meet expectations in June, falling almost five percent from May’s tally, but home prices continued to improve, rising year-over-year for the sixth consecutive month according to the latest housing data released by DataQuick.

A total of 10,105 new and resale homes and condos closed escrow in the Miami-Dade, Palm Beach and Broward counties area in June. Sales were 4.8 percent lower than the 10,620 homes sold in May but up from the 9,856 homes sold in June of 2011.

Home sales in the region typically increase around six percent between May and June and were 17.7 percent lower than Miami’s average June sales rate.

New home sales in the area were 75.7 percent below average while sales of existing homes were only 6.0 percent below their historical average. New home sales for the month were the lowest on record for a June.

Cash buyers accounted for 63.0 percent of the purchases made in June, which was down from 65.4 percent in May and down from 64.2 percent a year ago. Some cash buyers use alternative financing arrangements but at the time of purchase there was no indication of a purchase loan recorded.

The price that cash buyers paid for the homes they purchased in June increased to $110,000 from $106,000 in May and was up from $96,100 in June of last year.

Absentee buyers, usually investors and vacation home buyers, accounted for 40.0 percent of all homes sold in June paying a median price of $110,000, up from $105,000 in May and up from $90,700 in June of 2011.

The overall median price paid for new and resale homes and condos in June was $150,000, which was up from $144,800 in May and up from $135,000 in June of last year.

The median home price is 48.3 percent below the peak median price of $290,000 in June 2007. It was the sixth consecutive month that year-over-year prices have increased after falling for the previous 52 consecutive months.

Miami’s multi-million dollar luxury market, houses and condos that sold for $2 million or more, was down 27.3 percent from the previous month and down 16.2 percent from a year ago.

Tags: existing home sales, Miami, distressed properties, resale homes, condos, cash buyers, investors, median price

Source:
DataQuick

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