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Showing posts from June 12, 2016
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Real Estate Pulse: Existing Home Sales Continue to Rise The lack of homes on the market, price jumps and bidding wars does not stop buyers from closing on the homes of their dreams. In April 2016, the number of homes sold shot up 4.9%, year over year to 471,000 purchases across the United States of America, according to the National Association of Realtors. Sales were up 11.9% in April from March, likely because of the season change.   Spring and summer are the most active time of year for home sales. The reports only looked at existing homes, not new construction and there were no seasonal adjustments taken into consideration for seasonal fluctuations. Just clean cut data. Looking at Florida's townhouse-condo market, statewide closed sales totaled 10,738 last month, down 5.3 percent compared to April 2015.  However, the closed sales data reflected fewer short sales and cash-only sales in April: Short sales for townhouse-condo properties declined 43.2% while shor