South Region

Florida’s existing home, condo sales rise in 3Q

Nov 14th, 2011 | By Gregory Arzumanov | Category: South Region

ORLANDO, Fla. Nov. 9, 2011 Floridas existing home and existing condo sales continued to show gains in third quarter 2011 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors.
Existing home sales rose 12 percent in 3Q 2011 with a total of 46,759 [...]



Fla.’s home, condo sales and median prices higher in August

Oct 10th, 2011 | By Gregory Arzumanov | Category: Housing News, South Region

Sales activity and median prices for Floridas existing home and existing condo markets rose in August, according to the latest housing data released by Florida Realtors. Existing home sales increased 15 percent last month with a total of 16,206 homes sold statewide compared to 14,131 homes sold in August 2010, according [...]



Home-price index at lowest point since 2006

May 31st, 2011 | By Gregory Arzumanov | Category: Housing News, South Region

An index of home prices in the United States major metro areas has sunk to its lowest level since the housing bubble burst in late 2006.
Prices fell from February to March in 18 of the metro areas tracked by the Standard & Poors/Case-Shiller 20-city index. And prices in a dozen markets [...]



2011 prediction: Slow real estate recovery

Jan 3rd, 2011 | By Gregory Arzumanov | Category: Housing News, South Region

WASHINGTON Jan. 3, 2011 Pending home sales rose again in November, according to the National Association of Realtors, which says a gradual improvement has been the trend for past five months, indicating a gradual recovery into 2011.
The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 3.5 percent to [...]



Florida’s existing condo sales up in 3Q 2010

Nov 11th, 2010 | By Gregory Arzumanov | Category: Housing News, South Region

ORLANDO, Fla. Nov. 11, 2010 Sales of existing condominiums in Florida rose 15 percent in third quarter 2010 compared to the same period a year earlier, according to the latest housing statistics from Florida Realtors. A total of 16,938 existing condos sold statewide in 3Q 2010; during the same [...]



Fla. foreclosures dropped in April

May 19th, 2010 | By Gregory Arzumanov | Category: South Region

TALLAHASSEE, Fla. May 20, 2010 The number of Florida foreclosures fell in April from a year earlier, mirroring a national trend that indicates a slowing of defaults on mortgages, according to data released Thursday by RealtyTrac. Florida’s foreclosure fell 18 percent from March and was down 25 percent compared to April 2009. [...]



Half of South Florida homes sell for a loss

Feb 19th, 2010 | By Gregory Arzumanov | Category: Housing News, South Region

WEST PALM BEACH, Fla. Feb. 15, 2010 Nearly half of South Florida homes sold in December did so at a loss, a 4 percent increase from the previous year and a disturbing sign for anyone with a home on the market. The data, released by analysts at Zillow.com, evaluated sales by region, county [...]



Florida’s existing home, condo sales up in September 2009

Oct 27th, 2009 | By Gregory Arzumanov | Category: South Region

ORLANDO, Fla. Oct. 23, 2009 Floridas existing home sales rose in September, which marks more than a year (13 months) that sales activity has increased in the year-to-year comparison, according to the latest housing data released by Florida Realtors. Septembers statewide sales also increased over sales activity in August in both the existing [...]



Florida home insurance rates on rise again

Oct 5th, 2009 | By Gregory Arzumanov | Category: Housing News, South Region

The respite from rapidly rising insurance rates is ending for Florida homeowners.
State regulators approved an average 19 percent statewide increase for Federated National Insurance. The insurer, a subsidiary of 21st Century Holdings in Lauderdale Lakes, has 30,889 policies in Florida.
Northern Capital Group was approved for a 10 percent hike on the policies it has taken [...]



Economy: What’s good, bad

Aug 27th, 2009 | By Gregory Arzumanov | Category: Housing News, Northeast Region, South Region

MIAMI Aug. 27, 2009 Real estate agent Dave Gervase recently witnessed an astonishing spectacle: a bidding war for a house in South Florida.
When he showed a home to a client, he discovered that 23 other shoppers had already put in bids. We offered 6 percent over the asking price and lost out, [...]