It’s a wonder what low prices and federal tax credits can do for home sales.
Roughly 22,000 single-family homes are under contract and waiting to close in Palm Beach, Broward and Miami-Dade counties, according to CondoVultures.com.
That’s the highest total in at least 18 months and a 138 percent increase compared to November 2008, when the Bal Harbour-based consulting firm started tracking weekly sales contracts.
The increased activity means that some buyers are paying more than original asking prices, said Peter Zalewski, a principal at CondoVultures.com.
Still, skeptics wonder about sales once the $8,000 and $6,500 tax credits disappear. The deadline to sign sales contracts was April 30, and buyers must close on the deals by June 30.
Source: http://weblogs.sun-sentinel.com/business/realestate/housekeys/blog/2010/05/pending_home_sales_skyrocket_1.html
by Paul Owers
The Criscitos has been selling South Florida luxury and commercial real estate for over a decade and has sold over $1 billion dollars of property. They work as a multi-lingual team speaking english, Spanish, Italian and Portuguese. They carved out a niche as a leading boutique real estate company with two distinct divisions -residential and commercial- both personally overseeing by Marcela and Anthony Criscito.
No comments:
Post a Comment