13 August 2010

Odd Obsessions, Miami Vintage Stores anyone?

In this post: The obsession with Pending Sales, July Market Statistics, upcoming post "Vintage Furniture Stores in Miami-Dade", housing for Purple Martins.

Pending Sales: Wrong Approach?

If you read the Wall Street Journal, you may have seen an interesting piece last week about the housing market; interesting because it quoted a data set I have a major problem with: Pending Sales. 

If you are not familiar with the real estate industry, you may not know that some analysts regard Pending Sales as an early indicator of housing market trends.

I wholeheartedly disagree.

Merely because buyer and seller execute a contract does not at all mean they will go to closing; only last month I represented a buyer who got a severe (but understandable) case of cold feet. In my observation, currently approx. 25 to 35 percent of all pending contracts do not close because financing or other conditions point the transaction south. 

Please consider that whenever you see Pending Sales being interpreted as a market indicator.

Upcoming post "Vintage Furniture Stores in Miami-Dade" 

Back in March, I wrote about furniture stores in Broward county that specialise in vintage modern furniture. That post turned out to be quite popular, so I just started researching the same for Miami-Dade.

I have quite a list of stores already together, but would love to get your input. If you know of a store that deals with used modern furniture in Miami-Dade, would you please fire off a quick email? Thanks for helping me!

Interesting Reads:

A great read (for Saturday morning over coffee at the Eurobread?) appeared in yesterday's NYT: Birdhouses Designed for Repeat Visitors. Enjoy!

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