Let's Get REAL Estate

Hello Everybody!

Well 3rd quarter sales are out and our sales are STRONG! Florida home sales were up 12% over the 3rd quarter last year. Pricing on homes remained flat (unchanged) finally showing stabilization! But condos...Condos were up 13% in the number of sales but median price was up a whopping 7%! We can see this in South Florida especially! Our inventory is extremely low and our sales are up...so prices have no choice but to go up.

Keep in mind...we are starting to see the foreclosure engine pick back up (let's clear out those stalled homes) so we could see a dip in prices...BUT we don't think it will be very noticable if at all! We NEED the inventory to SELL! We've got customers, just not homes!

And not to forget...30 year fixed mortgage at 4% and 15 year at 3.31%!