The March numbers on existing home sales was released this morning. Existing homes sales dropped 3% to 4.57 million units compares with a revised # of 4.70 million units in February. This drop in March was actually lover than the consensus # of 4.65 million. Additionally, there was a slight rise in sales price with a...
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Daily Market Sip
Well we have kicked up the new month with slightly positive data on the housing front. The National Association of Realtors has reported a slight uptick in Pending US Home sales for the month of February. The index was up 2.1% from a January reading of 80.4. As we have reported in February in our...
The Case-Shiller index was just released this morning at 9am. In general we have seen a drop in single family home prices of 19% from Jan’08 to Jan’09 nationwide avg. As we take a more focused view into the Tampa area we see a 25% year-over-year drop in single family home prices and a 4% drop month-over-month...
While the national housing market continues to fall, in both prices and units sold, we are seeing an upturn in the local South Tampa market. In particular we see a number of buyers contacting our office, inquires on active listings as well as actual offers. While we are in no means out of the...