More positive news for Florida Real Estate
Stand back! The positive real estate news has started!
Many are calling the bottom of the housing market this past April as more stats keep hitting the market on sales volume and pricing. For now, there are still too many homes on the market to meet the demand which would point us towards the supply and demand curve of our Econ 201 days. However, it appears to be picking up and there is even a a little buzz in the air.
This is a short round up of the latest news housing news:
Case Shiller Report: This report indicates 95% of markets are seeing home price improvements. That's 95% of the markets they track. Their gauge isn't exactly scientific as it only tracks 20 markets. That being said, it is very positive to see 19 of the 20 showing positive up swings.
Single Family Homes Construction Spending Grows: The first time in more than 3 years, the spending on single family homes construction has increased. Many of my contacts in the new homes communities are telling me the same. They are seeing a pick up in visitors and their sales are absolutely increasing.
Florida Consumer confidence increases: As the stock market increases and home sales start rising, the overall confidence has risen as well.
We are not out of the woods yet. With an abundance of homes on the market, Florida's tourism industry still feeling the full effects of the recession, and the expiring $8000 tax credit, we have a few hurdles to overcome before we see a stabilized housing market.
This still remains one of the best buyer's markets in history. If you have been considering a home purchase, this is it! It's the perfect time and you have the best negotiating strength. Contact us if you are ready to find the perfect home.
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Give us a call at 904-234-5196 if we can help you buy or sell real estate in Jacksonville, FL.
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Listing information last updated on April 23rd, 2019 at 10:08pm EDT.