A tale of two markets: South Florida home sales up, condos fall

mortgage There’s no reason to expect broader market volatility to suddenly disappear, but as long as Treasury yields don’t undergo a massive spike, the mortgage market should be able to catch its breath.

A Tale of Two Markets: A 6-Month Update. Six months ago, we reported that the mismatch between the type of inventory of homes for sale and the demand of buyers in the US was causing the formation of two markets. In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market.

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Tale of two markets: Peoria prices rise while Palm Beach County prices fall Back in 2005, I possessed incontrovertible proof of my financial foresight and investing acumen. I could live anywhere in the country, but I owned a home in Palm Beach County, one of the places where fortunate homeowners felt like we’d hit the real estate lottery.

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The rise in Miami single-family home sales is being led by a surge in mid-market transactions. Miami single-family mid-market home sales, or transactions for properties listed between $200,000 and $600,000, jumped 13.2 percent in April, from 725 to 821 sales. mid-market home sales comprise 68.9 percent of all single-family home sales.

In the starter and trade-up home categories, there were significantly more buyers than there were homes for sale, causing a seller’s market. In the premium, or luxury, home categories, the opposite was true as there was a surplus of these homes compared to the buyers that were out searching for their dream homes, which created a buyer’s market.

So far, the issuance of permits to build new houses is again on track this year. Its two vast bedroom communities, Lehigh Acres and Cape Coral, were planned in the 1950s.. In Fort Myers, the fall happened so fast that sales couldn't go. houses up north and relocate to Florida as they'd always planned.

Florida Housing Market Update:  January 2019 Central Florida's boom shows true picture of U.S. real estate trends. Share this story. that spotlights real estate trends and hot housing markets across the country.. But among the list of 10 fastest-growing metros, two central Florida. As the Brookings Institution noted, the south and western sections of.