The Florida Realtors "News and Events" newsletter today talks about the increase in housing sales in general and condo sales in particular...
"Existing home sales rose 33 percent last month with a total of 14,630 homes sold statewide compared to 11,013 homes sold in December 2008, according to Florida Realtors. Statewide existing home sales last month increased 4.3 percent over statewide sales activity in November.
Florida Realtors also reported a 91 percent increase in statewide sales of existing condos in December compared to the previous year’s sales figure; statewide existing condo sales last month rose 22 percent over the total units sold in November.
Seventeen of Florida’s metropolitan statistical areas (MSAs) reported increased existing home sales and higher condo sales in December. A majority of the state’s MSAs have reported increased sales for 18 consecutive months."
Link to the Newsletter:
http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=230708
OBoy! Maybe real estate has turned the corner. Maybe I will be able to sell a condo and make a commission. Maybe my house will start to increase in value and be worth what I owe on it. Maybe. Maybe?
Our town is flooded with Snow Birds. People who rent condos and homes each winter season are deciding to take advantage of the depressed market and buy the thing. Will it last? When they go home in March will the market go plop again? I think the weak dollar and continued flow of foreclosures will still bring in foreign investors, but what the government does to stimulate home ownership will be a big factor. I will be glued to the State of the Union message but doubt I will hear anything I can count on as going to happen.
