Florida’s existing home, condo sales up in August 2009
Florida’s existing home sales rose in August – marking a full calendar year
(12 months) that sales activity increased in the year-to-year comparison,
according to the latest housing data released by Florida Realtors®.
Existing home sales rose 28 percent last month, according to Florida
Realtors. The state association also reported a 45 percent increase in last
month’s statewide sales of existing condos compared to the previous year’s
sales figure.
Signs point toward continued positive momentum in the housing sector,
according to NAR’s latest industry outlook. NAR Chief Economist Lawrence Yun
predicts existing home sales will rise through the fourth quarter. “The
fundamentals of the housing market and the economy are trending up, and we
expect home sales to generally pick up in the second quarter of 2010. The
buyer psychology may be shifting from, ‘Why buy now when I can purchase
later,’ to ‘I don’t want to miss out on a recovery.’”
Posted: 24 September 2009
Source: Florida Association of Realtors
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