Florida's Existing Home Sales Increase in 3Q 2008

[Newguy07]

http://www.marketwatch.com/news/story/Floridas-Existing-Home-Sales-Increase/story.aspx?guid=%7B006A0D1B-DDC6-4D56-99A2-DA73B27E83BA%7D


Well as the story says. Florida is bucking the trend of housing.

[MianoSM]

Just _Existing_ homes? How about all of that _New_ construction?

This is a nice article with some good information - but I think the cliché: of liars figuring, and figures lying may still fight.

Omission is just as bad as a flat out lie. :dunno:

[fencerider2]

Florida Sales Report - 3rd Quarter 2008
Single-Family, Existing Homes



Median Sales Price


Tampa-St.
Petersburg
-Clearwater $169,700


bahahahaha, Fencerider was right.

[TampaDude]

Those are "pending sales", which are under contract but have not yet closed. Betcha a good percentage of them don't make it to closing because the financing falls through.

I've seen houses in my area with SOLD signs on them for a few weeks, then the SOLD sign disappears and the house is back on the market again...most likely the financing fell through, or the buyer was unable to sell their current home.

All the while, the median price keeps dropping, dropping, dropping... :D

[Newguy07]

Those are "pending sales", which are under contract but have not yet closed. Betcha a good percentage of them don't make it to closing because the financing falls through.

I've seen houses in my area with SOLD signs on them for a few weeks, then the SOLD sign disappears and the house is back on the market again...most likely the financing fell through, or the buyer was unable to sell their current home.

All the while, the median price keeps dropping, dropping, dropping... :D



mm no it's not..


Sales of existing single-family homes in Florida rose 5 percent in third quarter 2008 compared to the same period last year, according to the latest housing statistics from the Florida Association of Realtors(R) (FAR). A total of 33,203 existing homes sold statewide in 3Q 2008; during the same period last year, a total of 31,558 existing homes sold statewide.

[Greed is Good]

mm no it's not..


Sales of existing single-family homes in Florida rose 5 percent in third quarter 2008 compared to the same period last year, according to the latest housing statistics from the Florida Association of Realtors(R) (FAR). A total of 33,203 existing homes sold statewide in 3Q 2008; during the same period last year, a total of 31,558 existing homes sold statewide.


60 percent of Florida properties that are selling are distressed homes.:lol:

[burgy240]

Exactly, they are selling....but at ridiculously low prices

[TampaDude]

Exactly, they are selling....but at ridiculously low prices

Exactly! There is such a huge overhang of inventory and so many REOs out here, that it really doesn't matter if they're selling a few more of them. The prices continue to fall, and we haven't even seen the full impact of all those foreclosures yet! Wait until 2009! :lmao: