Found 3 blog entries tagged as Florida Home Sales.

Foreign buyers are eyeing property in the US now more than ever with a $16 billion surge this year in international purchases. Total residential international sales in the US amounted to $82 billion in the year ending in March 2011, up from $66 billion in 2010.

“The U.S. has always been a desirable place to own property and a profitable investment,” said NAR President Ron Phipps. “In recent years we have seen more and more foreign buyers coming here to take advantage of low prices and plentiful inventory. In addition to the advantageous market conditions, REALTORS® in this country have a global perspective and experience in working with clients from different cultures and real estate practices, helping them bring value to their international clients.”

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Sales of existing single-family homes in Florida rose 44 percent in fourth quarter 2009 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors®. A total of 43,926 existing homes sold statewide in 4Q 2009; during the same period the year before, a total of 30,610 existing homes sold. It marks the sixth consecutive quarter that Florida has seen higher existing year-to-year home sales, according to the state association.

Statewide sales of existing condominiums in the fourth quarter rose 93 percent compared to the same time the previous year. This marks the fifth consecutive quarter for increased statewide sales in both the existing home and condo markets compared to year-ago levels.

To gain insight into…

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Here’s something we can all be cheer about – Florida home sales are up and have been increasing steadily each month for the past 15 months!

2009 Florida Realtors President Cynthia Shelton states that, “Housing affordability is at its peak and the highest on record: Along with still-low mortgage rates, it means that the buying power of a typical family has never been better.” Interest rates for a 30-year fixed-rate mortgage averaged 4.88 percent last month, a significant drop from the average rate of 6.09 percent in November 2008, according to Freddie Mac. Becoming a homeowner is now easier than ever!

The news is not only good for buyers, but also sellers are finding it a good opportunity as the market is beginning to balance.

The National…

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