Fla.’s housing market shows positive trends in March

ORLANDO, Fla- April 19, 2012- Florida’s housing market had increase pending sales, higher median prices and a reduced inventory of homes for sale in March, according to Florida Realtors latest housing data. “With the continued steep decline of inventory, historically low, interest rates and buyers no longer willing to wait on the sidelines, Florida’s real […]

Rate on 30-year mortgage falls to 3.88%

WASHINGTON-April13, 2012- The average rate on the 30-year fixed mortgage dropped near its all-time low this week, making homebuying and refinancing a bargain for those who can qualify.

CoreLogic: Fla. home prices rising

Santa Anna, Calif -April 4, 2012 – CoreLogic today released its February Home Price Index (HPI) report. Excluding distressed sales, month-over-month prices nationally increased 0.7 percent in February from January, but fell year-over-year by 0.8 percent if distressed sales are backed out of the equation and 2.0 percent if they are included.

U.S. home re-sales complete best winter in 5 years

WASHINGTON-March 22, 2012- U.S. home sales are gradually coming back. A mild winter and a stronger job market have helped boost sales ahead of the crucial spring buying season.

The past two months made up the best winter for sales of previously occupied homes in five years, when the housing crisis began. And the sales pace in January was the highest since May 2010, the last month that buyers could qualify for a federal home-buying tax credit.

Housing Affordability Index Hits Record High

WASHINGTON- March 7, 2012- Housing affordability conditions have reached the highest level since record-keeping began in 1970, according to the National Association of Realtors. (NAR)

NAR’s Housing Affordability Index rose to a record high 206.1. January, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power.

Housing Inventory Down 22% Nationwide

Washington-Jan. 24, 2012–Housing inventory slid to 1.89 million homes in December, down 6 percent from the previous month and 22.3 percent from the prior year, according to Realtor.com.

Pensacola, FL October Housing Market Stats

In October 2011 342 homes were sold in the Pensacola Realtor Association District, this is very similar to the number of homes sold in October 2010. The average selling price of a Pensacola, FL home was $149,000 in October 2010, in October 2011 the average price was $145,000. The number of days a Pensacola property was on the market increased in October 2011 slightly. In 2010 the homes sold in October had been on the market for 142 days; in 2011 the average number of days on the market was 145.

Pensacola, FL Real Estate on the Rise

The real estate market in Pensacola and the rest of Northwest Florida has been on the rise this past year. The number of homes sold in September 2011 has increased 15% compared to the same time last year. The Northwest Florida market has increased 27%, comparing September 2011 to September 2008.

Pensacola, FL Rental Prices Keep Rising

It seems every time I search for a rental property, there are fewer rentals available and prices keep rising. Why is this? Is the economy improving or is it getting worse? There are a couple factors that have affected the price and availability of rentals. If you are in the market for a rental remember that they move quickly, so you can’t always take your time and think the property will still be on the market in two weeks.

Singles Take Up 32 Percent of the Market

Real Estate studies are finding that more and more singles are buying in today’s market. Single women take up 20% of the market and single men take up 12% of the market. More single women buy homes on their own because they look at a house as more than just a place to live, but as a home.