[Corrie22]

....well, how about that

Sales of new homes unexpectedly plunged in June, the third straight month of falling sales.

New home sales fell 6.6 percent in the month to a seasonally adjusted annual rate of 676,000 units, the Commerce Department reported Monday. That followed a 7.7 percent sales decline in May and a 10.1 percent decline in April.

Economists had forecast sales to rise 3.4 percent. The previous three months were also revised lower.

The median price of a new home sold in May was $361,800, up 6.1 percent from a year ago but the lowest since November.

https://www.breitbart.com/economy/20...ly-plunge-6-6/

====================

Rate of single-family home sales climb 40%, prices up 30% across South Florida

Home sales and prices grew at a torrid pace in South Florida in June, according to the Florida Realtors.

Single-family home sales were up 40.8% to 5,462 compared to the same month a year ago, when the start of the Covid-19 pandemic caused a dip in sales. The median sales price climbed 29.9% to $500,000.

Statewide, single-family home sales were up 23.6% while the median sales price increased 24.5%, numbers not quite on pace with South Florida.

South Florida condo/townhouse sales surged 144.3% to 6,746. The median sales price increased 22.6% to $269,700.

Throughout Florida, condo/townhouse sales were up 79.6% while the median sales price grew 22.4% to $256.945.

https://www.bizjournals.com/southflo...m-in-june.html

[kidyankee764]

Can you copy and paste the bizjournals article in its entirety? Paywall.

This is unsurprising, as high earners relocate to South FL from NY, NJ, CT, CA, etc.

[Corrie22]

you know, it's not paywalled for me...and I won't pay to read anything

[gypsychic]

Originally Posted by Corrie22

you know, it's not paywalled for me...and I won't pay to read anything

It is paywalled for me also - I also won't pay to read anything.....

[kidyankee764]

Originally Posted by Corrie22

you know, it's not paywalled for me...and I won't pay to read anything

I clicked a second time and it worked without a paywall. Great article, thanks!

A $500k median home price in all of South FL is absolutely insane for such a populated area.

[Corrie22]

...even more insane...did you see this part?

Miami/Dade houses > Deals of $1 million and up soared 253.4%

Condos/Townhouses > Sales of $1 million-plus unit soared 614%.

[lluvia]

Investors, also.

[MidModUSA]

How is the lifting of eviction moratorium going to impact FL housing?

[HarryWhom]

I noticed that this "Bidenflation" article is only available on far right wing sites. Any other verification?

[Ellwood]

Not surprised, which is good for those of us up north who prefer it to the south. Housing Inventory upstate NY and VT is mostly non-existent.