Florida existing home sales improve in April compared to March 2008
Florida Realtors® statewide reported an upswing in existing home and
condominium sales from March to April 2008, according to the latest housing
statistics released by the Florida Association of Realtors®. A total of
11,200 existing single-family homes changed hands in April, a 20 percent
increase over the previous month when 9,330 homes sold. Existing condo sales
statewide rose 21.6 percent, with 3,900 units sold in April compared with
3,207 condos in March.
In the latest National Association of Realtors® (NAR) housing outlook, Chief
Economist Lawrence Yun predicts that home sales and prices throughout most
of the nation will improve in the second half of the year, especially if
access to mortgages backed by the Federal Housing Administration, Fannie Mae
or Freddie Mac increases. “There are many reasons for people to get into the
housing market today, and very few reasons not to,” Yun says. “With the
plentiful supply of homes for sale at affordable prices, interest rates
approaching 40-year lows, and the strong track record of housing as a good
long-term investment, conditions are ripe for buyers.”
Posted: 23 May 2008
Source: Florida Association of Realtors
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