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Florida Real Estate Market - It Is Getting Better

By: Tom Beaty
 

Is the Florida real estate market doing better than it has been doing? Some say yes the market is getting better while some say that it not getting better yet. But to get the real answer we need to search the facts about Florida real estate. Lets see what the facts really are on this subject.

The local reports coming from a Florida realty organization say that there have been some slight improvements in the Florida real estate market lately. It is good to know that there has been an increase in activity somewhere. The national figures are still not good. There must be some reason for this in Florida I hope they don't just think it is the weather down there because it seems there has to be more to it than that.

Twenty percent improvement in the sales of single-home in April over March of this year is a pretty good increase. That means that the number of houses the sales increased was approximately 2,000 homes. When we look at the real figures it comes out like this that there were 9.330 homes that were purchased in the month of March 2008. Now in April of this same year 11,200 homes were purchased. This is amazing when you realize that the national average on sales is still badly in need of some help.

There are several ways of looking at this increase. The weather is year around pleasant for people to be outside in. This could be one reason for increased sales. People may be getting more educated to the fact that in this type market you have to give a bit and lower prices to sell sometimes. There is still a ways to go though for the sales to be what they were in April 2007. So the realtors work on to correct the problem.

Realtors are getting smart and branching out to even other countries. There are many opportunities for realtor's to sell to people immigrating to this country. Some of the immigrants just love to live and work in Florida. Most assuredly the fact of immigrants buying house will continue in good or bad real estate markets.

Most of the state has house prices lower as much as 17% of a downward spiral. Some areas have lower house prices than that though going on. The Fort Myers area including Cape Coral reported that prices are 29% lower. This may explain the reason for their sales being up so high with a 41% increase over April 2007 in the month of April in this year 2008.

Some of the selling tactics around the state has gotten quite inventive. One example is using a limousine to pick up a potential home buyer and take them to see foreclosure properties. They are actually called the foreclosure tours. Buyers get to go examine said properties and then get back in the provided limousine and ushered to another property that has been foreclosed. What an ingenious way to try to recover from the problems of foreclosures.

With real estate prices declining buyers can pick up some bargains out there in houses. Finance rates are so low too that people that were afraid to buy before will buy now therefore helping the market. Incredibly beautiful weather for most of the year definitely makes Florida more inviting to some than living where they have so much cold weather. Over the next few months maybe more the facts will be uncovered about why things are looking brighter for Florida real estate.

Article Source: Main Articles

Tom Beaty gives Florida Real Estate information for buyers and sellers. Don't buy or sell without visiting this Blog or it could cost you money: www.favoriteproperties.com

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