Lennar will spend $643 million to acquire luxury home-builder WCI Communities Inc., tying up two of the largest home construction companies in Florida as the U.S. real estate market continues to heat up.
The number of price cuts in the 34102 zip code market climbed to 51 over the last 30 days, furthering a confirmed positive trend. Despite drops in list prices, sales also decreased to 19 homes sold. Prices are falling in the 34102 zip code, and this period the median price of all sales fell from $1,158,500 to $700,000. Along with the slip in sales, a relatively high 21 months of inventory indicates that the 34102 zip code is a solid buyer’s market.