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Florida’s Housing Market Shows Momentum

RISMEDIA, Wednesday, May 15, 2013— Regional Spotlight

waterfront homes in Naples, FloridaFlorida’s housing market gained strength in first quarter 2013 with increased closed sales, more pending sales, higher median prices and a reduced supply of homes for sale compared to the same quarter in 2012, according to the latest housing data released by Florida REALTORS®.

“The first three months of 2013 demonstrate that Florida’s housing market is gaining momentum and continuing to bolster the state’s economy,” says 2013 Florida REALTORS® President Dean Asher. “More people went back to work as more jobs were created in Florida during the first quarter, and our population is also growing –which provide a solid foundation for growth in the housing market. It’s taking less time to sell a home and, coupled with tight inventory, that shows buyers are eager to lock in historically low mortgage interest rates and take advantage of favorable, but rising prices.” Read more…

More About Buying A Home:
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