Ramesh Nyberg's Real Estate Blog

So, did the news media say anything about...
1) Single family home sales in Miami-Dade County increasing for the 6th straight month?
2) That pending sales have DOUBLED since January?

Just thought I'd ask. Also, in Palmetto Bay, the average price per square foot of sold homes jumped from 177 to 192 in June. That's not necessarily an indicator that people are getting more money for their house, but rather that higher price range buyers returned to the market place. That's a good sign for the lending industry as well.

Many of my business associates, outside of real estate as well as in, have grumbled about sales being down, gas being up, people less willing to spend a buck. It's true, but I think so much of it is rooted in the housing market. I'm no economist, but I think many people would agree that when the housing market returns, the landscape in general will look much brighter.

One of the things I like to do to keep business relationships connected is host a networking happy hour at Hops (one of my favorite restaurants). I invite just one person per profession, so many occupations--like mortgage brokers and attorneys--get rotated month to month. This gives an opportunity for people to establish some referral business in an atmosphere that's relaxed and has no other competition for them. Next one is August 14th, and if you are interested in coming, please drop me an email. We have a drawing for a couple of prizes, get business people together who may never have met each other, and have a really nice time.