The National Association of Realtors shows in March of 2012 that 12,474 homes sell every day and there are 8,346 buyers receive a mortgage. Over 32% of buyers are paying cash. According to Case Shiller study posted by MSN money.com real estate provided a 34.2% return on investment from January 2000 to May 2012 where as the dow had an negative 22.7% returen, S & P had a 1% return and the Dow had a 20.8% return. According to the NAR, in March or 2012 there were 29% of all properties sales were distressed. Pending sales in 2012 have seen a 102% increase. Mortgage rates for a 30year fix have dropped below 4% making homes and condos more affordable. Today we have approximately 6 month inventory bringing stability to the market place. A shodow inventory still exists so now is the time to sell before inventory increases again. A settlement was agreed on by the nation's five largest mortgage lenders which is expected to speed up the foreclosure proces by providing stricter guidelines for the banks to follow when repossessing homes. Core-Logic reported in February 2012 that Florida has a 20.7 month supply of distressed properties, one of the highest in the nation. Banks today are more willing to accept a short sale because they save in attorney fees and most of the time, the homes are in better repair than foreclosed homes. Realty Trac shows that 13.8% of all Florida sales are short sales. If you are thinking of selling, then call Marta DuPree at 954-752-1986. Marta DuPree sells more homes than any other Realtor in Coral Springs, Parkland and Coconut Creek. The DuPree Team was awarded by Wall Street Journal and Real Trends as one of the top 250 teams in the US. You can also email marta at
dupree@dupreeteam.com for a free consultation.