How HOT is Florida’s Housing Market?

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How hot is Florida's Housing Market

Scorching hot. The North Port-Sarasota-Bradenton one-year house appreciation of 13.21% ranked seventh nationally for increases in one-year house prices, reports the Federal Housing Finance Agency. 

Data the FHFA studied for the period ending March 31 confirm the strong rebound in home values continues today. The agency uses home-purchase data as well as mortgage refinances to measure the change in home prices, making it more accurate than transactions only.

Some of the areas along the Gulf Coast with significant housing appreciation. The Cape Coral-Fort Myers one-year house appreciation of 11.81% was No. 15 in the nation.

Separately, the agency ranked Port St. Lucie No. 1 nationwide with 14.68% one-year housing appreciation; Palm Bay-Titusville-Melbourne was 11th with 12.67% one-year appreciation; West Palm Beach-Boca Raton-Delray Beach was 16th with 11.46% appreciation; and Miami-Miami Beach-Kendall was 18th with 11.23%.

So far Tampa, Punta Gorda and Lakeland-Winter Haven are areas that have had increases but not to the extent of some of the other Florida areas.

So if you want to Capture The Dream now is the time. I once heard this statement and in today’s market it is so true, “If YOU want To Sleep on it tonight, YOU won’t sleep in it tomorrow night”.

 

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Brought to you by: Lawrence F. Sanek who is a Florida licensed real estate broker and owner of Castle Dream Real Estate, LLC. He is also an engineer with experience in the structural and architectural disciplines. He has many years of experience in selling real estate and enjoys helping families relocate to Florida or to another area in Florida and to Capture The Dream. Visit the Castle Dream website at Castle Dream Real Estate, LLC or contact him direct at 1-888-51-DREAM (37326) or email him at Sanek

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