It’s July…

Pending Home Sales Up in May, Continue Pattern of Strong Annual Gains

WASHINGTON (June 27, 2012) – Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels, according to the National Association of Realtors®.  Both monthly and annual gains were seen in every region.

The Pending Home Sales Index,* a forward-looking indicator based on contract signings, rose 5.9 percent to 101.1 in May from 95.5 in April and is 13.3 percent above May 2011 when it was 89.2.  The data reflect contracts but not closings.

The index also reached 101.1 in March, which is the highest level since April 2010 when buyers were rushing to beat the deadline for the home buyer tax credit.

Lawrence Yun, NAR chief economist, said longer term comparisons are more relevant.  “The housing market is clearly superior this year compared with the past four years.  The latest increase in home contract signings marks 13 consecutive months of year-over-year gains,” he said.  “Actual closings for existing-home sales have been notably higher since the beginning of the year and we’re on track to see a 9 to 10 percent improvement in total sales for 2012.”

The national median existing-home price is expected to rise 3.0 percent this year and another 5.7 percent in 2013.

The PHSI in the Northeast increased 4.8 percent to 82.9 in May and is 19.8 percent above May 2011.  In the Midwest the index rose 6.3 percent to 98.9 in May and is 22.1 percent higher than a year ago.  Pending home sales in the South increased 1.1 percent to an index of 106.9 in May and are 11.9 percent above May 2011.  In the West the index jumped 14.5 percent in May to 108.7 and is 4.8 percent stronger than a year ago.

To read more of this article visit www.realtor.org 

Happy 4th of July Everyone!!! Want to know what to do in the Naples Area for the 4th? 

About the 4th of July Parade & Fireworks Festivities
The City of Naples 4th of July Festivities offer an exciting way to celebrate Independence Day through a parade and fireworks. The parade, on Wednesday, July 4th, 2012, will kick off at 10:00 A.M. and will  encompass Broad Avenue South, 3rd Street South, and 5th Avenue South. Join thousands to witness this spectacular event filled with festive floats and family fun. 

The 4th of July Fireworks, on Wednesday July 4th, 2012, will begin firing off of the City Pier at 9:00 P.M. until 9:30 P.M. Set up your lounge chair or blanket for a night on the beach to enjoy this amazing display.

 
For more festivities visit www.paradisecoast.com
July 2012 Movie Releases: 
 
July 2nd
Katy Perry: Part of Me 3D
 
July 3rd
The Amazing SpiderMan
Andrew Garfield, Emma Stone
 
July 5th
Katy Perry: Part of Me 
Katy Perry
 
July 6th
Savages
Benicio Del Toro
 
Crazy Eyes
Lukas Haas
 
July 13th
Ice Age: Continental Drift
Ray Romano, Queen Latifah, Denis Leary
 
July 20th
The Dark Knight Rises
Christian Bale, Michael Cain, Gary Oldman
 
Grassroots
Jason Biggs, Cobie Smulders, Joel David Moore
 
July 27th
Step Up Revolution
Kathyrn McCormick, Ryan Guzman, Stephen Boss
 
The Watch
Ben Stiller, Vince Vaughn, Rosemarie DeWitt
 
Killer Joe
Matthew McConaughey,Emile Hirsch, Gina Gershon
 
Hope everyone has a safe and Happy 4th! 
 
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About yournapleshome

Karen is originally from Cape May County, New Jersey but considers herself a Floridian due to the many years she has resided in this sunny state! She has two children, Kimberly and Jennifer. Kimberly graduated form the University of Florida in 2000 and resides in Naples with her husband and two children. She works in education . Jennifer graduated from the University of Florida in 2006 and resides with her husband in Raleigh, North Carolina. She currently works for the Sweatlock Team as a marketing executive. The Sweatlock Team provides top-notch personable and professional real estate services, custom marketing for listings, efficient and honest service, fair representation, and a team that is ready to work for you! All combined with great expertise and impeccable service- a combination that can't be beat! Our clients are clients for life.
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