Sales Are Way Up in the Florida Real Estate Market!
Posted by Carlos German on
Here’s something we can all be cheer about – Florida home sales are up and have been increasing steadily each month for the past 15 months!
2009 Florida Realtors President Cynthia Shelton states that, “Housing affordability is at its peak and the highest on record: Along with still-low mortgage rates, it means that the buying power of a typical family has never been better.” Interest rates for a 30-year fixed-rate mortgage averaged 4.88 percent last month, a significant drop from the average rate of 6.09 percent in November 2008, according to Freddie Mac. Becoming a homeowner is now easier than ever!
The news is not only good for buyers, but also sellers are finding it a good opportunity as the market is beginning to balance.
The National…
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