June 2015

Found 7 blog entries for June 2015.

Home Sales May Have Best Year Since Downturn

It can be confusing at times to the average home buyer or seller trying to gauge the health of the real estate market . After all, there's a seemingly endless supply of data, reports, and surveys and all of them measure a different aspect of the housing industry – whether it's home sales, housing starts, or real estate prices. However, when the vast majority show improvement, it's a positive indication that things are headed in the right direction.

The latest positive indicator is the National Association of Realtors'® Pending Home Sales Index. The index – which measures the number of contracts to buy homes or condos for sale signed during the month – rose for the fifth straight month and reached its

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New Home Sales Up!

Recent housing data has given potential home buyers and sellers plenty of reason to feel encouraged, with many industry analysts forecasting a good summer season following strong spring gains. Now, according to new estimates from the U.S. Census Bureau and the Department of Housing and Urban Development, sales of newly built, single-family homes have added to the optimistic news.

In fact, new home sales beat economists' expectations in May, rising 2.2 percent above April's revised rate and 19.5 percent above last year. The improvement brought new home sales to their highest level since February 2008. Combined with the recent spike in sales of previously owned homes, the data is another sign that the housing market's rebound is

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Home Sales Up In May

In May of this year, sales of previously owned homes increased 5.1 percent and are presently 9.2 percent higher than they were for the same period last year, according to new estimates released by the National Association of Realtors®. Lawrence Yun, chief economist for NAR, says home sales are now at their highest pace since November 2009. “Solid sales gains were seen throughout the country in May as more homeowners listed their homes for sale and therefore provided greater choices for buyers,” Yun said.

As the numbers indicate, the total number of homes available for sale across the country increased 3.2 percent in May, which should help moderate price increases and provide better purchase opportunities for buyers in the

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Mortgage Rates Fall After Consecutive Increases

Average mortgage rates were down this past week after increasing over the previous two weeks, according to the Mortgage Bankers Association's Weekly Application's Survey. Mortgage rates for all loan categories fell, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans.

As a result of the drop in rates, there was a modest boost in both purchase and refinance activity. In fact, activity for refinancing was up 2 percent from the previous week and demand for purchase was up 1 percent.

On an unadjusted basis, demand for loans to buy homes for sale and condos for sale is now 18 percent higher than it

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Concerts in Victoria Park

June 19th opened the 37th annual Starlight Musicals where performers entertain the crowds with 8 free concerts over the summer months. The concerts are held outdoors in the Victoria Park neighborhood in Fort Lauderdale; at Holiday Park, and run through August 7th. The shows are held on Friday evenings from 7pm - 10pm at the Holiday Park football field and the events bolster a sense of community pride where everyone can relax and enjoy a night out with entertainment.  

There is plenty of parking available and many concert enthusiasts choose to walk from their Victoria Park homes nearby.

Show attendees are permitted to bring their own lawn chairs and blankets as well as food and beverages in coolers. However, pets are not

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Beach goers spotted up to 4 funnel clouds or water spouts just off the beach near the Commercial Blvd Pier in Lauderdale by the Sea, Florida on Friday morning which lasted for almost 30 minutes.  One witness captured images on his cell phone as one of the clouds approached shore near several ocean front condos kicking sand up everywhere.

You can view the channel 7New video:

< WSVN-TV - 7NEWS Miami Ft. Lauderdale News, Weather, Deco

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If you grew up in the 70's, you probably remember David Cassidy as the teen heartthrob Keith Partridge from the TV hit series "The Partridge Family."  According to an article in the local news, David Cassidy's Harbor Beach Home in Fort Lauderdale, Florida is up for auction as he has filed for Chapter 11 bankruptcy protection.

Photo of Harbor Beach Fort Lauderdale home owned by David CassidyThe home will be auctioned off to the highest bidder, subject to bankruptcy court approval, according to an official at the auction house. Mr Cassidy who owns the Fort Lauderdale waterfront home jointly with his wife (who are divorcing), indicated in court papers that he no longer needs the home due to his profession which necessitates he travel frequently.

Fisher Auction Company has plans to auction the Fort Lauderdale home on

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