Miami, FL, July 5, 2011- According to a new report from Peter Zalewski, principal of Bal Harbour-based Condo Vultures, as buyer are now coming to grips with the potential of paying $2,000 per square foot for ultra-luxury condos in the tricounty South Florida region, a small contingent of sellers is now attempting to raise the pricing threshold to more than $3,000 per square foot for the most "fabulous of fabulous" highend condo units.
As of June 29, there…
Sales of existing homes fell 3.8 percent in May, not as deep a drop as some had forecast, to a seasonally adjusted annual rate of 4.81 million units. April's figure was revised down to 5 million.
Potential homebuyers continue to be held back by tough credit standards and poor confidence. Sales activity was 15.3 percent below…Continue
Added by GLOZAL on June 12, 2011 at 2:37pm — No Comments
As mortgage rates continue to fall, so too are home sales. That wouldn't make sense in a normal housing market, but these are very unique times.
Credit, or lack thereof, coupled with extremely weak consumer confidence is keeping potential buyers on the fence.Continue
Added by GLOZAL on May 28, 2011 at 6:58pm — No Comments
The National Association of Realtors Pending Home Sales Index dropped…Continue
Added by GLOZAL on May 28, 2011 at 6:57pm — No Comments
Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said Thursday.…
Added by GLOZAL on May 26, 2011 at 10:09am — No Comments
More Americans signed contracts to buy homes in March, but…Continue
Added by GLOZAL on April 28, 2011 at 10:19am — No Comments