Wednesday, April 22, 2009

Florida Leads The Way To Recovery?

Florida deserves a round of applause and Sarasota too since we've been leading all other counties in the state with home sales:

Housing Predictor - which monitors over 250 residential property markets nationwide - says Florida appears to be emerging from the realty slump before any other state, including California.

The Sunshine State is seeing population growth, and single-family home and condominium sales have been on the rise for more than six months. Foreclosures and short sales presently account for approximately 67 percent of all sales and often are not included in real estate agents' tallies. Additionally, banks in many Florida housing markets are cranking out more home loans, and sellers finance almost 20 percent of all sales.

Source: First (04/21/09)

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