Thursday, August 14, 2008

Market Updates


Florida Realtors continued to report positive signs for the state's housing sector in the second quarter of 2008. Sales of both existing single-family homes and existing condos improved in the second quarter compared to first quarter 2008, according to FAR's latest housing data. A total of 35,178 existing homes sold statewide in 2Q 2008, up 38.2 percent over 1Q 2008. Nationwide, existing home sales rose from the first quarter in 13 states, according to NAR's latest survey.

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Nationwide, more than 272,000 homes received at least one foreclosure-related notice in July, up 55 percent from the same month last year and 8 percent from June. Florida trailed only Nevada and California's state foreclosure rates for the month, while Cape Coral-Fort Myers ranked No. 1 for metro areas.

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