Florida Home Buyers and Investors Blog

May 23rd, 2008 4:39 PM

Florida Realtors reported an upswing in existing home and condo sales from March to April 2008, according to FAR's latest housing statistics. A total of 11,200 existing single-family homes sold statewide in April, a 20 percent increase over March sales activity, while statewide existing condo sales rose 21.6 percent over the same time period.

We have continued to see increased buyer activity and it's nice to see the stats that discredit the news.  We are seeing an increase in lenders requiring much more information and higher deposits from buyers, which may cause some negative pressure on future sales. 

Activity from Canadians is strong and cash buyers are continuing to get good deals.  Bulk buyers have the strongest buying power and able to secure the best deals.  Those with a strong exit strategy are well positioned for the turnaround.

Posted by Craig Fialkowski on May 23rd, 2008 4:39 PMPost a Comment (0)

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