Home sales are taking off !

 

 

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Florida's existing home, condo sales up in 2009.

Existing sales up 31% compared to end of '08; existing condo sales up 47% in year-to-year comparison. National sales up 4.9%.

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Single female homebuyers outnumber males

Married couples buy most new homes, but 20% of buyers today are single women while only 10% are single men.

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Nine consecutive gains for pending home sales

Oct.'s index increased 3.7% since Sept. and 31.8% since Oct. 2008, for its strongest number in almost four years.

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Florida's existing home, condo sales up in October.

Existing sales rose 45%, marking 14 months in a row for higher year-to-year sales. National housing sales up 10.1%.

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CONDOMINIUM LOANS:

It may become easier to get financing on some condo's if Fannie Mae's plan to streamline the lending process works.

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IS NOW THE TIME TO BUY?:

Is now the time to buy a house? The answer depends on many factors, but it's generally a resounding "yes" for first-time buyers. "I think that, if someone buys a home today and locks in a low-rate, long-term mortgage, they will be glad they did 10 years from now," says Chris Toadvine, a certified financial planner and president of the Financial Planning Association of Central Florida.

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