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- New home sales in U.S. shoot up to record high in March By MARTIN CRUTSINGER
- South Florida home prices take another leap By Alexandra Navarro Clifton

--------------------New home sales in U.S. shoot up to record high in March --------------------By MARTIN CRUTSINGERAssociated PressApril 26, 2005, 10:24 AM EDTWASHINGTON -- Sales of new homes shot up 12.2 percent in March to a record high as the nation's housing market continued to soar despite rising mortgage rates.The Commerce Department said Tuesday that new single-family homes were sold at a seasonally adjusted annual rate of 1.43 million units in March, confounding the consensus forecast of a small decline in sales in March, a month when mortgage rates had been inching higher.Instead, sales climbed to an all-time high, surpassing the old mark of 1.3 million units at an annual rate last October. Sales of both new and existing homes have set new records for four straight years, but analysts are expecting demand to cool off a bit in 2005 as mortgage rates climbed higher.Visit SUN-SENTINEL website for full articleCopyright (c) 2005, South Florida Sun-Sentinel Visit Sun-Sentinel.com
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--------------------South Florida home prices take another leap --------------------By Alexandra Navarro CliftonSun-Sentinel
April 26, 2005, 8:44 AM EDTBuying a home in South Florida got even more expensive last month.Taking advantage of low mortgage rates, buyers continued to flood the market, but they had to scramble to find homes in a shrinking inventory.Palm Beach County was the second-priciest place in the state -- behind Naples -- to buy a home, as the median price hit $371,500, a 37 percent jump over last year. In Broward, prices were up 31 percent, to $332,400. In Miami-Dade County, the median price -- the level at which half the homes are more expensive and half are less expensive -- was $322,300, a 40 percent increase over last year. The numbers do not include condominiums, townhouses or new construction.Visit SUN-SENTINEL website for full article Copyright (c) 2005, South Florida Sun-Sentinel Visit Sun-Sentinel.com