Browsing Posts In: southwest florida real estate

University of Florida Survey Indicates Sharp Increase in Consumer Sentiment Statewide

April 11, 2017

Consumer sentiment among Florida residents increased in March to the highest level in 15 years, according to the most recent University of Florida (UF) consumer survey. University of Florida’s most recent consumer survey results indicate a consumer sentiment reading of 99, the highest rate since March 2002 and the second-highest rate since November 2000. The lowest index possible is a 2, while the highest possible is 150. All components that the index is based on […]

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Florida Real Estate and Economy Remain Strong

April 4, 2017

The sale of single-family homes across the state of Florida totaled 18,033 for February 2017, down just 0.5 percent when compared to February 2016. Despite rising housing prices and continued inventory shortages, Florida’s economy and real estate market remain relatively strong and developing. “Florida’s economy is growing, with more jobs being created,” said 2017 Florida REALTORS® President Maria Wells. “And a growing economy boosts the state’s housing sector as well. However, many local markets are […]

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Builders Plan to Put Emphasis on Entry-Level Housing Market

March 28, 2017

  Low inventory levels in the housing market have created continuing issues for the residential real estate market, with interested homebuyers facing competition and rising costs. In an effort to ease shortages, builders are planning to put emphasis on the entry-level housing market, as well as march forward with townhome, condominium, and overall single-family home new construction projects. Builders are aware that inventory levels need to increase and that the demand is there. However, they […]

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Fannie Mae Index Results Point to Increased Confidence in Housing Market

March 21, 2017

More Americans currently believe it is a “good time” to purchase or sell a home. A recently-released Fannie Mae Home Purchase Sentiment Index® (HPSI) hit high point upon high point for February, indicating that Americans have a record-high amount of confidence in the nation’s housing market. “The latest post-election surge in optimism puts the HPSI at its highest level since its starting point in 2011,” says Doug Duncan, Chief Economist and Senior Vice President at […]

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An Enthusiastic Outlook for Incomes and Real Estate

March 12, 2017

The amount of participants who participated in the survey regarding Fannie Mae’s recent Home Purchase Sentiment Index® (HPSI) that reported “significantly higher household income” for 2016 increased by five points to 15 percent in January, while the portion of participants who reported it is “a good time to sell” a home increased by 2 points, from 13 to 15 percent. The number of survey participants who reported residential real estate prices will increase, increased by […]

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