US new home sales still sluggish

26 July 2010 Last updated at 11:53 ET

A new home in the US 
The pace of sales remains slow

New home sales in the US rose sharply in June compared with the previous month, but the pace of sales was the second slowest on record, official figures show.  The Commerce Department said sales rose to an annual rate of 330,000 in June from a revised 267,000 in May, which had been the worst month on record. 

June’s figure was the second-lowest rate since records began in 1963.

The housing market has suffered since tax credits for buyers ended in April.

Analysts say that the uncertainty over the US economy – including unemployment at about 9.5% and tight credit conditions – have left potential buyers reluctant to commit to a new home. “There’s no question that this is a weak number, but it seems to be more stable,” said Stuart Hoffman, chief economist at PNC Financial Services Group. 

“The bottom line to all of this is that we need more jobs.”

Knock-on effect

Sales saw their peak annual rate of 1.39 million in July 2005.  New homes sales made up about 7% of the housing market last year – though this figure was about 15% before the collapse of the housing market. Knock-on effects of low sales include fewer jobs in the construction industry.

According to the National Association of Home Builders, each new home built creates an average of three jobs for a year and generates about $90,000 in taxes.

http://www.bbc.co.uk/news/business-10766594

Murray Realty – Why you should choose us?

We have a few major factors on our side;

–    we have specialized in buying, selling and building on Longboat Key, Lido Key, Sarasota and  Bird Key since 1995. We have built and remodeled 21 homes on Bird Key alone and are currently building 2 new construction custom homes on the key, reflecting our draw to investors or potential building clients. All lots that have not been improved or rebuilt are seen as a potential tear down and rebuild, and clients come to us for that advice and expertise. We can also offer a potential client remodeling ideas and costs, which broadens your customer base.

–    There are many foreign buyers entering the Sarasota market at the moment, especially Europeans. We have just completed a days  shooting of our other listing, by a German production crew filming a home show airing in Germany, Switzerland and Austria. Our UK connections have brought many European buyers into Sarasota over the years.

–    We have an affiliation with Savills and Country Life in the UK, the leading real estate agent and publication for estate homes and feature on their website. This generates a lot of referrals.

–    We are on all current media websites including Realtor.com, Facebook etc, we have an interactive search facility on the website that draws a lot of traffic. We publish regular e-blasts promoting our listings and send out a targeted monthly blog to over 3000 addresses.

–    We update you weekly on traffic, showings and market trends in order to ensure you remain advised on the status.

–    We believe that being a small company, we are able to act and react swiftly and give the personal service that high end custom homes require. We are Bird Key and Longboat Key specialists….this is our patch… and we have good relationships with all of the realtors in town that sell Bird Key, Longboat Key and waterfront property, meaning that all local realtors are aware of our listings and have complete access and knowledge to the attributes of the house. The MLS today means that all posted houses are available to buyers via the internet. Then converting an interested party to a sale, is what we do best.

–    We believe in and take good photography as these photos sell the houses to internet clients. We perform area caravans, showing local realtors and hold open houses on Sundays.

In conclusion, as a small but experienced company, concentrating on a small geography, and having the added bonus of our construction company and contacts, we believe that we offer the best service available for your property.

Hopefully this helps. If it sounds like a hard sell, it is, because we believe in what we do and are successful at doing it.

Murray Realty Presents – 14618 Sundial Place, Lakewood Ranch, Sarasota FL34202

Front View - Sundial Place

Murray Realty Presents –

This home is beautiful and is a must see!! 4 Bedrooms plus front office, addition games/playroom at the back, private lake and preserve lot.It has many upgrades throughout including crown modeling, tile in main areas, vaulted ceilings, granite countertops and much more. Gorgeous kitchen with wood cabinetry and black onyx granite. Disappearing sliding glass doors in family room open up to lanai with a fabulous pool/spa. There is 1 bedroom and bath off of the upstairs bonus room that also has a relaxing balcony facing the preserve.  You will love the peaceful lake view with the preserve and woodlands in the distance with abundant wildlife. Three Car Garage. Within walking distance to elementary school, middle school and playgrounds. Call Jane Ebury for more details 941 726 9360

Jane Ebury
Realtor
jane@murrayrealty.net
941-726-9360