The number of Americans signing contracts to buy existing homes unexpectedly rose in April as the first nationwide decline in prices since the 1930s lured buyers back into the market, a private report showed.
The index of pending home resales rose 6.3 percent to 88.2, the highest level in six months, following a 1 percent drop in March, the National Association of Realtors said today in Washington.
The drop in property values may be starting to lure some buyers who are able to qualify for loans, signaling purchases are begining to improve.
These are signs that sales could be bottoming out in some areas of the country. As for South Florida; luxury beach front inventories are begining to firm up. However, we need to see some strong numbers in the comming months to confirm this.
About Bradley E. Arnowitz, P.A. & Associates
Bradley E. Arnowitz, P.A. & Associates of Re/Max Beach Properties www.ArnowitzProperties.com is a full-service firm providing brokerage, development, sales investment, property management, asset management, and residential services for office, multi-family, industrial/commercial, residential, and retail properties.
Bradley E. Arnowitz, P.A. has been serving South Florida with Honesty, Integrity, & Results since 2001. http://www.honestyintegrityresults.com/
For more information, visit Arnowitz & Associates on the web @ http://www.arnowitzproperties.com/ or contact the firm at Re/Max Beach Properties, 1355 Alton Road, Miami Beach, FL 33139 or Re/Max Beach Properties, 672 E. Hallandale Beach Blvd, Hallandale Beach, FL 33009
24/7 305.776.6113
Monday, June 9, 2008
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