Saturday, March 28, 2009

Florida Home Sales Increase for 6th Straight Month

ORLANDO, Fla. – March 23, 2009Florida’s existing home sales rose in February, making it the sixth consecutive month that sales activity showed increases in the year-to-year comparison, according to the latest housing data released by the Florida Association of Realtors (FAR). February’s statewide sales also increased over January’s figures in both the existing home and existing condo markets.

Existing home sales rose 20% last month with a total of 9,858 homes sold statewide compared to 8,181 homes sold in February 2008 (see chart above). February’s statewide existing home sales were 16.7% higher than January’s statewide sales. Florida’s median sales price for existing homes last month was $141,900; a year ago, it was $199,300 for a 29% decrease.

Thirteen of Florida’s metropolitan statistical areas (MSAs) reported increased existing-home sales in February while 11 MSAs also showed gains in condo sales. It marks the eighth month in a row that a number of markets have reported increased sales.

MP: Falling home prices, record-low
mortgage rates, and record-high housing affordability are all working together to fuel a real estate recovery in states like Florida and California. Six consecutive months of increased year-to-year sales activity suggests that the Florida real estate market is way past its bottom, and is making a solid recovery and strong comeback. Markets are working.


At 3/28/2009 4:17 PM, Blogger Lammert said...

The Economic Fractalist
February 26th, 2009

The Great Global Equity and Commodity Asset Valuation Nonlinear Collapse

This predicted nonlinear equity and commodity collapse is a collapsing available speculative money phenomena - in a real contracting, asset oversupplied, maximally unrepayably debt-laden, dysequilibrium global macroeconomy; great psychological angst is present but this is truly …. this is truly a secondary event. This is not to imply that the human mind is not an integral part of this process. All events in the energy and space universe are ultimately causal and all are inevitable. As causally linked debates are directed at possible ameliorative remedies, as politicians force air over their vocal cords with linkages to individually preprogrammed and deterministic neural networks, the inevitable terminal nonlinear phase transition - of a 149 year US progenitor equity complex summation multigenerational second fractal saturation area bounded by debt, asset over production, asset overvaluation, and collapsing numbers of jobs and associated wages- likewise proceeds …. and proceeds in a mechanistic and predictable optimal quantum fractal decay nonlinear progression …..


I AM riding on a limited express, one of the crack trains
of the nation.
Hurtling across the prairie into blue haze and dark air
go fifteen all-steel coaches holding a thousand people.
(All the coaches shall be scrap and rust and all the men
and women laughing in the diners and sleepers shall
pass to ashes.)
I ask a man in the smoker where he is going and he
answers: “Omaha.”


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