Saturday, June 16, 2012

More confidence if you're buying Florida property?

This year has shown improved activity in the Florida property market: for example, here in Central Florida, home inventories are down, the number of buyers is on the increase and there are statistics showing actual price increases!!!

It's not just Florida property: the market across the USA has some positive signs - for example, see this article that takes a look at the wider USA property scene:
"While still in the early innings of a housing recovery, rental markets have turned the corner, home sales are strengthening, and a floor is beginning to form under home prices,” said Eric S. Belsky, managing director of the Joint Center for Housing Studies. “With new home inventories at record lows, unless the broader economy goes into a tailspin, stronger sales should further stabilize prices and pave the way for a pickup in single-family housing construction over the course of 2012."
For more information, read the whole article.

Empirical evidence is backed up by a survey that shows price rise expectations.

The changes are affecting renters too.

So for those owners waiting for prices to rise so they can afford to sell, or those buyers hanging on until the market turns - has the time arrived to make a move? Certainly, in my experience over the past few months, there is more life, optimism and interest than I've seen for the past few years. For the sake of everyone, including job seekers, business owners and even the wider general public, let's hope that this heralds a real improvement in the economy at last. What do you think?

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