Closings
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November home sales in Miami hit five-year high
Jan 12, 2012Home sales in the Miami area rose 5% in November with 7,855 closings on the books, DataQuick said this week.
That figure is up 17.5% from a year ago and the highest November sales level since 2006 when 10,369 home closings were recorded by the San Diego-based research firm.
DataQuick attributes the faster sales pace to lower prices and mortgage rates, as well as demand from domestic and foreign investors.
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