BUSINESS BRIEFCASE: NEWS OF NOTE

Home sales rise; prices surge 11.4%

From Staff and Wire Reports

April 26, 2005

Sales of existing homes and condominiums in the United States rose by 1 percent in March to the third-highest sales pace on record while the nationwide median price jumped by the largest amount in more than 14 years, a real estate trade group reported Monday.

The National Association of Realtors said existing-home sales rose to a seasonally adjusted annual rate of 6.89 million units last month, up from a February sales pace of 6.82 million units. The median price rose to $195,000, up 11.4 percent from a year ago. In Central Florida, the hot market has pushed the median price of an existing home past $200,000 for the first time. Half the existing homes sold in Orange and Seminole counties in March cost more than $204,500, 28.8 percent more than the median price of a year earlier, according to the Orlando Regional Realtor Association. For the January-March quarter, sales through the Orlando Realtors' central-listing pool were up 3.2 percent in the four-county metropolitan area to 7,659 compared with the year-ago quarter.

A Licensed Agent of MBT Homes Real Estate, Kissimmee, Florida,

The information that is indicated within is deemed to be reliable; however, no guarantee is warranted. The laws governing Florida prohibit such representation.

Note: Florida Real Estate law requires that we make full disclosure. At this time, the Office of MBT Homes has no representation to you as a prospective buyer; however, our office prefers to work as a single agent for the buyer (at no cost to the buyer). A final decision can be made at the time of our first encounter regarding agency.

MBT Homes, 1910 Greenside Dr, Kissimmee Fl 34746 (407) 908-2326 marcus@orlandovacationrealestate.com

DISCLAIMER
MBT Homes Real Estate is a Florida licensed real estate brokerage and is competent only to provide information of a factual nature concerning properties for sale. Nothing in this document or website is intended as investment, legal, or accounting advice, nor should the information contained herein be construed or understood as such. Only professionals licensed as investment counselors, accountants, and attorneys are qualified to provide counsel with regard to these other areas.