GLOZAL's Blog Posts Tagged 'Sales' (8)

Miami, FL, July 5, 2011- According to a new report from Peter Zalewski, principal of Bal Harbour-based Condo Vultures, as buyer are now coming to grips with the potential of paying $2,000 per square foot for ultra-luxury condos in the tricounty South Florida region, a small contingent of sellers is now attempting to raise the pricing threshold to more than $3,000 per square foot for the most "fabulous of fabulous" highend condo units.

As of June 29, there…

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Sales of existing homes fell 3.8 percent in May, not as deep a drop as some had forecast, to a seasonally adjusted annual rate of 4.81 million units. April's figure was revised down to 5 million.

 Potential homebuyers continue to be held back by tough credit standards and poor confidence. Sales activity was 15.3 percent below…

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• NAR’s 2011 Profile of International Home Buying Activity reports that the total U.S. Existing Home Sales market was approximately $1.07 Trillion in the 12 months ending in March 2011, with sales of approximately $41 Billion to international clients.
• In addition, recent immigrants (who have moved to the U.S. within the past 2 years) and individuals with visas for more than 6 months…

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 As mortgage rates continue to fall, so too are home sales. That wouldn't make sense in a normal housing market, but these are very unique times.

 Credit, or lack thereof, coupled with extremely weak consumer confidence is keeping potential buyers on the fence.

Contracts to…

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Pending sales of existing U.S. homes dropped far more than expected in April to touch a seven-month low, a trade group said on Friday, dealing a blow to hopes of a recovery in the housing market.

The National Association of Realtors Pending Home Sales Index dropped…

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Sales of distressed U.S. homes fell in the first quarter as demand remained weak, but they still made up about 28 percent of total sales, the highest amount in a year, a RealtyTrac report said Thursday.…

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New-home sales rose more than expected and the median price climbed in April, but the overall pace of sales remained weak for the battered U.S. sector.



Sales increased by 7.3% on a monthly basis to a seasonally adjusted annual rate of 323,000 in April, the Commerce Department said Tuesday.



Economists surveyed by Dow Jones Newswires had forecast sales would remain unchanged at an annual rate of 300,000.



Despite the unexpected increase, sales since a year ago are… Continue

AP

More Americans signed contracts to buy homes in March, but…

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