MAY-2014 Newsletter by Lazaro Lopez, PA

National market update April Existing-Home Sales Show Modest Improvement Behind Gaining Inventory WASHINGTON (May 22, 2014) – Existing-home sales increased for the first time this year in April, while inventory meaningfully increased and home price growth moderated, according to the National Association of Realtors®. Monthly sales gains in the West and South offset a modest decline in the Midwest while the Northeast was unchanged. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.3 percent to a seasonally adjusted annual rate of 4.65 million in April from 4.59 million in March, but are 6.8 percent below the 4.99 million-unit level in April 2013. Forecast for Housing and the Economy Suggests Gradual Improvement through 2015 Housing activity was sub-par in the first quarter of this year, dampened in part by severe weather patterns, but an uptrend is expected with healthy underlying demand over the balance of the year and through 2015, according to presentations at a residential real estate forum here during the Realtor® Party Convention & Trade Expo." Read more National housing indicators Existing home sales (April) 4.65* Existing home median price (April) $201,700 Housing Starts (April) 1,072,000* New home sales (April) 384000* *Seasonally adjusted annual rate. Source: NATIONAL ASSOCIATION OF REALTORS®. Sales of new single-family houses in April 2014 were at a seasonally adjusted annual rate of 433,000. This is 6.4 percent (+/- 15.9%)* above the revised March 2014 estimate of 407,000. How much is your home worth? Get a real-time report on the value of your home. Start now If you are interested in determining the value of your home, click the “Home Evaluator” link for a free evaluation report: http://Lazaro.housingtrendsenewsletter.com/homeworth.cfm Sound decisions can only be made with accurate and reliable information, and I am happy to be a trusted resource for you. Thank you for the opportunity to provide you with this monthly eNewsletter, and I look forward to answering any questions you may have and to the opportunity to be your REALTOR® in the future. Sincerely yours, Lazaro Lopez, PA Fortune International Realty 1390 Brickell Avenue Suite 104 Miami FL 33133 305-400-6393 | 786-525-9430 Lazaro@fir.com