New U.S. home sales rise 6.2% in October

The housing market is showing stability for the first time since since its historic collapse.  Rising more than expected last month, new homes sales were up 6.2%.

Home shoppers in October were acting before lawmakers decided to extend a tax credit for first-time buyers and expand it to existing homeowners. Nevertheless, sales were up 5.1 percent from a year ago, the first yearly increase since November 2005.

The median sales price of $212,200 was off 0.5 percent from $213,200 a year earlier, but up 0.7 percent from September’s level of $210,700.

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November 28, 2009 at 6:54 am Leave a comment

Real Estate Tax Credit | Boosting Home Sales Better than Ever!

According to the National Association of Realtors first-time buyers taking advantage of a special tax credit gave sales of existing homes in October their biggest surge in a decade, raising hopes for a turnaround in the housing market and pleasing Wall Street.

While rising foreclosures and disappearing jobs still threaten the comeback, there are now bidding wars for houses in some cities, and home sales are nearly 36 percent above their low point in January. (more…)

November 24, 2009 at 2:48 pm Leave a comment

Lang Realty Assists to Raise Funds for Hospice

Hospice by the Sea, a not-for-profit healthcare organization, provides hospice, palliative care, and home health agency services. Their mission is to bring patients and families throughout Palm Beach and Broward counties the most skilled, compassion- ate, and culturally sensitive care and support possible. They open their doors to people of all ages, all illnesses, and all walks of life, and welcome everyone who seeks their services, regardless of their ability to pay. 

“I am honored to be a part of Hospice by the Sea. I knowpersonally how importantthis type of care is. Hospiceis truly there when you needthem,” says Russell. Agran adds, “This event was a wonderful way for Lang Realty to be a part of raising funds to assist Hospice with the important work they do.” Lang Realty is one of South Florida’s top independent residential real estate companies, with over 275 full-time professionals. Lang Realty, an industry leader, provides agents with topnotch support, including a dedicated administrative staff, up-to-date technology and professional marketing materials. Lang Realty has six offices within Palm Beach County. For more information about Lang Realty and agent opportunities, call Scott Agran at (561) 989- 2100, or visit langrealty.com.

November 1, 2009 at 7:52 am Leave a comment

Lang Agents Earn Prestigious Designation to Help Homeowners in Danger of Foreclosure

Ben Hoadley, Essie Suppo, Lillian Weinstein, Jan Imperato, Denise Flaster, Ann Melendez,  Gina Finsilver, Linda Newman, Patti Baker and Katie Vanderlaag of Lang Realty have earned the prestigious Certified Distressed Property Expert (CDPE) designation, having recently completed extensive training in foreclosure avoidance and short sales from the Distressed Property Institute.  This is invaluable expertise to offer at a time when the area is full of distressed homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property.  With declining property values, this can save many people form foreclosure and in some cases bankruptcy.  More and more lenders are willing to consider short sales because they are much less costly than foreclosures. This situation is happening in all price ranges and high priced homes are not immune.

The newly certified Lang agents agree that the CDPE designation is an invaluable tool as they work with sellers and lenders on complicated short sales.  It is also rewarding for them to be able to help sellers save their homes form foreclosure.

According to Alex Charfen, founder of the Distressed Property Institute in Boca Raton, Florida

“Realtors® with the CPDE designation have valuable training in short sales that can offer the homeowner much better alternatives to foreclosure, which virtually destroys the credit rating.  These experts also many better understand market condition and can help sellers through the emotional experience.”

Lang Realty is one of South Florida’s top independent residential real estate companies, with over 270 full-time professionals. Lang Realty has six offices within Palm Beach County.  For more information about Lang Realty and agent opportunities, please contact Essie Suppo at 561.213.2657 or e.suppo@langrealty.com.

August 18, 2009 at 4:37 pm Leave a comment

Boca Real Estate Agent Tripta Chawla

Lang Agent Tripta Chawla explains what makes her successful in the current Real Estate market on The South Florida Business Report on WPEC-Channel 12 (West Palm Beach, Fla.)

June 23, 2009 at 6:13 pm Leave a comment

Lang Realty Attracts Foreign Buyers

Luxury Home in Palm Beach County

Luxury Home in Palm Beach County

With the sharp drop in the real estate market over the past year, coupled with challenges in the mortgage lending arena, Lang Realty recognizes the potential for the recent growing trend of foreigners who buy second homes for work, play and investment, in South Florida and other regions within the United States, in helping to stimulate and offset declines in the housing market.  “The events of the real estate market in 2007 have actually made South Florida much more affordable for international home buyers,” says Scott Agran, President of Lang Realty.”  “Severe dollar declines against the euro and pound have made U.S. homes much cheaper for Europeans.”  Simultaneous severe increases in home prices, some as much as 100%, in Paris, London, the south of France and other markets abroad have made purchasing homes in the United States even more attractive to buyers from outside the United States.   The National Association of Realtors found that foreign buyers purchased 7.3 percent of the houses sold in the state last year.  South Florida is a special magnet for buyers from Latin America and Europe.  Nationwide, one in five American Realtors sold a home to a foreign investor in 2007.

Lang Realty has extensive expertise in international real estate markets.  The Company’s International Specialists are committed to providing exceptional service to meet the property needs of international buyers.  The Agent Specialists have proficient knowledge of many foreign countries, and collectively, are fluent in Urdu, Spanish, French, Hungarian, Portuguese, Russian, Hebrew, Japanese and German.  Agran remarks, “Lang Realty is committed to providing excellent services to both American and foreign buyers.  In our quest to reach out to buyers from abroad, Lang Realty’s International Agent Specialists offer buyers from abroad intensive skills and expertise to assist them with every step of the buying process

Lang Realty is one of South Florida’s top independent residential and commercial real estate companies, with over 230 full-time professionals. The mission at Lang Realty is to provide the highest level of service to clients who are looking to buy or sell within Palm Beach County, by partnering with the finest real estate agents in the area.  Lang Realty, an industry leader, provides agents with top notch support, including a dedicated administrative staff, up-to-date technology and professional marketing materials. In addition, Lang Realty has formed partnerships with area builders, developments and country club communities.  Lang Realty has four offices within Palm Beach County.  For more information, please visit http://www.langrealty.com or call 561-989-2100.

June 23, 2009 at 6:08 pm Leave a comment

Lang Realty, Paradise Bank & Rosenberg Diamonds Host Dazzling Event

– Event Raises Funds for Children’s Place Home Safe –

Lang Realty, Carriage Trade Properties, the ultra luxury division of Lang Realty, Paradise Bank and Rosenberg Diamonds hosted “An Evening of Dazzling Diamonds in a Kaleidoscope of Colors” on Wednesday, January 28th at Paradise Bank in Boca Raton. The festivities included an incredible showing of fancy colored diamonds in all colors from red to blue to pink. Paradise Bank’s President, Bill Burke welcomed nearly 100 guests to Paradise Bank. The bank is appointed with hospitality rooms and emphasizes personalized customer service. A beautiful display of hors d’oeuvres and cocktails greeted guests on the bank’s second floor. Scott Agran, President of Lang Realty, greeted guests  and spoke about Lang Realty’s newest venture, Carriage Trade Properties. Carriage Trade focuses on ultra luxury properties of 2 million and more. David Rosenberg, President of Rosenberg Diamonds was on hand to inform guests about  the colored stones and their values. Guests were invited to try over 75 pieces of exquisite jewels on. A portion of the proceeds of sales from the evening will benefit Children’s Place Home Safe. “This event is a wonderful way for Paradise Bank, Rosenberg Diamonds and Lang Realty to partner on an exciting event and raise funds for Children’s Place Home Safe. ” remarked Scott Agran.

(more…)

February 22, 2009 at 9:40 pm Leave a comment

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