Browsing Posts In: florida real estate

Recent Florida Housing Data Shows Sales and Prices Up

December 12, 2017

Recent Florida housing market data reported by Florida REALTORS® shows new pending sales, new home listings, overall sales, and median prices all increased for October, despite continued inventory shortages. The number of sales for single-family homes totaled 20,543 for October in Florida, an increase of 2 percent in comparison to October of last year. “Home purchases stalled by Hurricane Irma striking Florida in September resumed – and many of those sales closed in October,” said […]

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Florida Housing Path Remains Encouraging

September 5, 2017

Florida’s residential real estate market remained on an encouraging path in the second quarter of this year with an increase in closed sales, increased median prices and a higher number of pending sales, according to the most recent housing market data released by Florida REALTORS®. Closed sales of single-family homes statewide totaled 79,888 in 2Q 2017, an increase of 3.7 percent over 2Q 2016 data. “Florida’s economy and jobs outlook continued to grow in the […]

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Florida in High Demand for Foreign Homebuyers

August 22, 2017

United States home-buying by foreigners increased by a substantial 49 percent to $153 billion in the last year, which signifies a record high in the National Association of REALTORS® (NAR) Profile of International Activity in U.S. Residential Real Estate released for 2017. The increase resulted as activity from Canada soared to $19 billion, with buyers from China, India, Mexico and the UK also contributing to the increase. “The political and economic uncertainty both here and […]

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Suggestions for First Time Homebuyers

August 15, 2017

Buying a home for the first time can be stressful and the related costs can be overwhelming. For most, it is the largest purchase one has made and the process can also be confusing. An analysis of the Census report by Trulia determined that owner households formed at double the rate of renter households in the first quarter of 2017. All of the data points to the possibility of a turnaround in the homeownership rate […]

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Data Indicates Florida Will Become 16th Largest Economy

July 11, 2017

University of Central Florida (UCF) Economist Sean Snaith predicts that Florida’s gross state product will break the $1 trillion mark next year – and then climb to $1.074 trillion in 2019. That gross state product level would in turn make the Florida economy the 16th largest economy in the world, as ranked by the World Bank. Snaith expects the gross state product to expand at an average annual rate of 2.9 percent through 2019 and […]

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