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Tag Archives: Realtors

Florida Housing Market Continues Pickup in July

After seeing some of the worst of the housing crash, Florida is continuing its steady bounce back, Florida Realtors reported Wednesday. According to the group, the Sunshine State saw increases in pending sales, closed sales, and median prices in July, while inventory of homes and condos for sale dropped.

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Golden State Sees Overall July Growth in Sales, Prices

The California Association of Realtors (CAR) reported Friday that home sales and prices both showed strong gains in July, with the sales pace showing year-over-year growth for the fourth straight month and the median price reaching a four-year high. Leslie Appleton-Young, CAR VP and chief economist, said the gains in the last few months reflect a market shift toward higher-priced homes.

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HousingPulse: Hot Markets Drove Sales-to-Price Ratio Up in June

Limited inventory and increased competition helped push June's average home sales-to-listing price ratio above 95 percent, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. HousingPulse attributed the boost to increased competition for the falling inventory of non-distressed property listings, as well as particularly strong home purchase activity in California, Nevada, and Arizona.

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Home Sales, Prices Up in Sunshine State as Recovery Continues

Home sales and prices picked up for Florida in June, according to housing data released by Florida Realtors. The organization's report shows a 5.3 percent year-over-year increase in closed single-family home sales in the Sunshine State, while pending sales jumped up 31 percent. Year-to-date, closed and pending sales are up from 2011 by 2.3 percent and 19.3 percent, respectively.

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Las Vegas Sees Home Prices Rise in June as Supply Tightens

While home prices in Las Vegas saw an increase in June, the Greater Las Vegas Association of Realtors (GLVAR) is wondering if the boost is just the result of a temporary effect of tight supply. The organization released statistics Tuesday indicating that existing home prices in June increased for the fifth straight month as the supply of local homes for sale tightened more.

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Online Real Estate Firms Partner to Launch Realtor.com VOD Channel

Move, Inc., operator of online real estate Web site Real.com, and RealBizMedia, a media content provider for the real estate industry, announced a partnership to launch the Realtor.com TV Channel which will provide millions of home listings to approximately 55 million U.S homes. Launching the second half of 2012, the channel will begin airing on the Cox cable network as Video on Demand (VOD). By doing so, Realtor.com will reach potential homeowners on three platforms: computer, mobile, and television.

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NAR Reports Members’ Income Rose for First Time Since 2002

For the first time since 2002, the National Association of Realtors (NAR) reported that income for its members increased in 2011. The median income of a member rose 2.3 percent to $34,900 in 2011. Members who are licensed as brokers typically earned $48,400 in 2011, while the median for sales agents was $27,200. For NAR members who have 16 or more years of experience, income earned was $50,200. Members working 60 hours a week or more earned $80,900, and 17 percent of all members had a six-figure income.

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Phoenix Finds Its Way Out of the Downturn: A Model for Recovery

The Arizona capital of Phoenix was one of the hardest hit markets by the housing crisis, with home values plunging nearly 60 percent from 2006 through mid-2011 and foreclosure filings soaring. One analyst says it wasn't too long ago that Phoenix was considered ground zero of the housing market's collapse, but now, it's on a path to recovery that's considerably outpaced other distressed markets. So what's going on in the Valley of the Sun that's strong enough to lift the nation's sixth most populous city from the depths of the downturn?

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Pending Home Sales Index Jumps in March

The Pending Home Sales Index (PHSI) rose sharply in March to 101.4 from February’s revised 97.4, the National Association of Realtors reported Thursday. Economist had expected the index to increase 1.0 percent from February. The index is now at the highest level since April 2010 when it reached 111. The index improved for the third straight month and fifth time in the last 6 months. The March reading is up 12.8 percent from March 2011, the strongest year-over-year gain since last July when the index was 15.4 percent over its year-earlier level.

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