Are Florida home prices going up? According to the Florida Association of Realtors® the State’s median sales price was higher than reported for the previous month. This is potentially good news for home owners across the State. Should this trend continue and home prices rise, home owners will start seeing their value return over time.
The median sales price for a Florida home decreased by 31% when comparing April 2008 to April 2009 according to the Florida Association of REALTORS. The huge decrease can be contributed to the increase of home sales being fueled by distressed property sales of foreclosures and short sales.
Citing unemployment, tighter lending restrictions and the excessive inventory of homes, The Seattle Times reports in an article Home prices may be lost for a generation, that home prices throughout the majority of the country will remain depressed for some time.
In Florida bank owned sales continue to drive the market. These sales continue to hold down [...]
Northern portion of the State staying optimistic.
Home prices show signs of settling; some areas on rise - The Florida Times-Union
The information real estate agents deliver to homeowners these days is not always what the homeowner wants to hear. While statistics show that property values are dropping, to some homeowners the drop in value is only happening to the other guy. Those sellers who choose to ignore what the market is telling them often find [...]
Florida Association of Realtors report that home foreclosures increased in August.