Pending Home Sales Improve -- again

Pending home sales increased for the 8th straight month, hitting a 3-year high:


http://www.msnbc.msn.com/id/33583945/ns/business-real_estate/


Our inventory of higher-end homes is 1/3 of what it was a year ago!

Mortgage Rates - How Low Can They Go?

Apparently, not much lower -- at least according to this report from CNBC:


http://www.cnbc.com/id/32895358

Sarasota is the #1 Place to Buy a Home!

NY Real Estate super-agent Barbara Corcoran was on the Today show this morning with her list of 10 Best Markets to Buy a Home Now.... Sarasota was #1 on the list:

NYT Discovers Siesta Key!

The New York Times ran a great article on Siesta Key today: NYT Article

Make sure you click on the slide show!

Off the Fence, please!

Many of our buyer clients have been "sitting on the fence" waiting for a sign that things are getting better -- or at least, that things have stopped getting worse -- in the real estate market.

Sarasota was way ahead of the rest of the country when the market was on the way up in the late 90's, and we were one of the first markets to see a decline beginning in 2005. We've been seeing positive signs for about a year now, and the rest of the country seems to be catching up as well.

Yesterday, the National Association of Realtors announced a significant increase in existing home sales, and today, the Commerce Department announced a surge in New Home Sales in July.

Pending home sales up again!

This makes it five months in a row! MSNBC Article

State of Florida releases details of I-75 project

I'm a little late with this one, but the State of Florida held a hearing on May 21 where they showed the design proposals for the I-75 widening project. Details are here: I-75 Project Site

The good news for Palmer Ranch residents: Central Sarasota Parkway will NOT connect to the Interstate, but Honore Avenue will be extended South to intersect with SR-681. Best of all, the one-way 681 Interchange will be upgraded to add access to I-75 Northbound.