Mar/10
4
January pending home sales fall 7.6% showing signs of continued weekness
1 Comment · Posted by admin in JKR Investment Group
A week economy and job market combined with brutal winter conditions across the country have taken their toll on January pending home sales which dropped 7.6% from December to January. Issues surrounding the number: Job recovery has not begun based on the latest unemployment numbers. Lending is down across the board. Government incentives such as the tax credit will be expiring in a few months. Foreclosures are still at record levels. Bad weather effect open house events.
www.SellMyHouse.com Staff Writter
Scott Taylor, Realtor, P.A. · March 4, 2010 at 6:09 pm
Isn’t it normal for sales to be down in the winter months? Orlando real estate seems to be picking up. Maybe it’s because it was so bad here for so long. The gains in activity are mainly in the lower priced homes though where small time investors can buy cheaper homes and condos with cash. Sometimes we see as many as 20 offers on one property and they often sell for much higher than list price. The momentum is not diminishing here.