May 10, 2011
Existing home sales increased 13 percent in 1Q 2011 with a total of 44,531 homes sold statewide, from the statistics released today from the Florida Association of Realtors.
Statewide sales of existing condos in the first quarter rose 29 percent compared to the year-ago sales figure.
Low mortgage rates continued to be available during the first quarter of the year. According to Freddie Mac, the national commitment rate for a 30-year conventional fixed-rate mortgage averaged 4.85 percent in 1Q 2011; one year earlier, it averaged 5.0 percent.
Buyers should take the opportunity to buy NOW in Florida, as the best conditions met.
View complete article...