U.S. Revival Stands to Influence Florida Home Prices

19 Mar

U.S. Revival Stands to Influence Florida Home Prices

The truism has it that real estate is the most local of assets. If you exclude California-style earthquakes, the land a home is built upon tends to stay pretty much in one place. That being the case, Cascades St. Lucie West home prices tend to reflect our local Florida conditions: when business is popping and everyone feels confident about the future, Florida home prices tend to move upward.

Even so, as the complete numbers roll in from last year’s national real estate market, anyone with a rooting interest in Florida home prices has to be cheered.

The fact is, American home prices climbed 5.9% last year – the greatest yearly gain since 2006. Calling that only a ‘sharp’ rise is like calling the Super Bowl an ‘interesting’ football game. So, even though Cascades St. Lucie West home prices reflect local conditions, that kind of jump indicates the kind of national movement that is bound to echo through every corner of the country.

The U.S. Census Bureau and the Department of Housing and Urban Development also report that new national housing starts rose in 2012’s final month to an annual seasonally-adjusted rate of 954,000 (way more than the experts expected).  It sounds like a big number, and it is — an increase of 12% from the revised November rate of 851,000, and a gain of 36.9% over the previous year’s 697,000!

The National Association of Homebuilders also reported a third consecutive six-year high in its builder confidence index. It’s still below the point NAHB considers builder “optimism” balances with builder “pessimism,” but moving strongly in the right direction.

Now that we’re at a point where we can look back over last year’s performance, it’s easy to look back and say “That year sure would have been a good time to buy or sell!” To me, it looks likely that this time next year, we’ll have more of the same.

If 2013 is the year you’re considering making a move, I would be genuinely delighted to put together a plan of action that fits your goals and your timetable.  I hope you’ll give me a call!

Having the right real estate agent means having an agent who is committed to helping you buy your new home with the highest level of expertise in your local market. This commitment level has helped Bold Real Estate Group build a remarkable track record of delivering results

Are you tired of scouring the newspaper and MLS listing sites looking for homes in Florida? Tired of playing telephone tag with Realtors only to hear the home’s already sold? Sit back, relax and let Bold Real Estate Group and our team of professional Realtors do the work for you! Just visit our website and check off the properties you’re looking for. This service is FREE and there’s no obligation!

http://www.BoldRealEstateGroup.com

http://www.Northeast-Florida-Relocation.com

http://www.TheCascadesAtStLucieWest.com

http://www.PGAVillage-Homes.com

http://www.NewYork-Florida-RealEstate.com

http://www.HealthcareRelocationServices.com

About the Author: Millie Gil has been a successful Licensed Real Estate agent for over 25 years in Florida. Millie is Vice President of Bold Real Estate Group, a boutique agency committed to concierge personalized service for discerning buyers, sellers and renters of residential and commercial properties. For more information please forward your request to communityinfo@comcast.net or 772-224-1634

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