Real Estate News

 

Archive: March 2011


  • NAR: Feb pending home sales rise

    March 29, 2011

    WASHINGTON – Pending home sales increased in February but with notable regional variations, according to the National Association of Realtors® (NAR). The Pending Home Sales Index (PHSI), a forward-looking indicator, rose 2.1 percent to 90.8, based on contracts signed in February, from 88.9 in January. The index is 8.2 percent below 98.9 recorded in February 2010. The data reflects contracts and not closings, which normally occur with a lag time of one or two months. [Read more]


    Categories: Industry News 
    Tags: Home sales,
  • Vacation home sales surge higher

    March 23, 2011

    MIAMI – Vacation home and condominium sales in Florida, Hawaii and other states hit hard by the housing downturn have posted dramatic gains. In Miami, existing condo sales surged 58 percent during the year-over-year period ended in February; and statewide, condo and single-family home sales climbed 29 percent and 13 percent, respectively, due to low property prices and mortgage rates. [Read more]


    Categories: Industry News 
    Tags: Home sales,