Thu, 19 June 2008
June 19, 2008
The 2,778 houses sold was the lowest count for May since 2003, according to the MLS, which accounts for nearly all existing home sales within about a 50-mile radius and roughly one-fourth of new home sales.
The average MLS sales price fell nearly 4 percent, to $223,946, the sixth consecutive month of declines.
Builders took out permits for 614 new residences in
Lynnsy Logue The Real Estate Lady® and Condo Cando® in
Wed, 18 June 2008
June 18, 2008
Most developers choose not to sell their projects as securities to avoid the SEC complications, so they are prohibited from discussing the economic or tax benefits from a rental arrangement or project on how much a condo unit can earn in rental income. Many buyers make decisions without all the facts.
"If you're not allowed to communicate revenue expectation, often times buyers are making a decision based on incorrect information or overly optimistic information," a quote from Mark Lunt, Ernst & Young in