THOMAS A CANADA
REALTOR
MAKING DREAMS COME TRUE
Welcome to my Real Estate Blog where I will discuss my experiences as a Real Estate Agent. Please Join me on this journey as I explore the life and community on the Emerald Coast. I would love to connect with other amazing people around the world.
"POWER IS GAINED BY SHARING KNOWLEDGE NOT HOARDING IT"
REAL ESTATE TIPS OF THE WEEK
23 SEP 2024
WHAT IS A TRANSACTION BROKER
A transaction broker is permitted to work for both the buyer and the seller in the same transaction, in a limited representative capacity. DUAL AGENCY is no longer a valid method of agency in Florida.
BUYERS WHO SIGNED CONTRACTS ON HOMES PLUMMETED IN DECEMBER. DESPITE HIGH DEMAND
August, 2020 BY
JACOB PASSY Market Watch
The numbers: The index of pending home sales decreased 4.9% in December from the previous month, the National Association of Realtors.
The index reflects transactions where a contract has been signed but the sale has not yet closed. As a result, the index functions as an indicator for existing-home sales reports in the coming months. The index is benchmarked to contract-signing activity in 2001.
What happened: Compared with December 2018, contract signings were up 4.6% nationally, but pending sales volume was down on annual basis by 0.1% in the Northeast.
Big picture: The drop in contract signings in December suggests that the existing home sales reports coming out in the near future likely won’t feature notable increases. While the drop in mortgage rates in the summer of 2019 provided a momentary lift for the housing market as it improved affordability for many buyers, the housing industry will struggle in 2020 with a depleted supply of homes for sale. Many real-estate experts expect this will curtail sales activity in the next year.
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