Today’s real estate news shows optimistic sales of existing homes, but don’t expect the usual condition of a home’s exterior.
FLORIDA JULY HOME SALES – With positive economic conditions such as low mortgage interest rates and job growth continuing in Florida, statewide sales of existing single-family homes totaled 11,674 in July and were closer to activity in July 2001 and 2002 – before the housing boom years, than the July 2006 figures, according to FAR. The statewide existing-home median price was $237,500 last month.
HOMES FOR SALE – An usual situation in the Naples real estate market – Forget curb appeal. Problems in the mortgage market have created an upswing in the number of listings with knee-high grass, scum-green pools and missing appliances.