Florida Property Market Starting To Rise Downturn Could Be Over

  • 15 years ago
  • Uncategorized
House prices in Florida have seen their first monthly rise since July 2006, up 0.5% between April and May, according to Standard & Poor’s Home Price Index. The National Association of Realtors (NAR) said house sales had seen a “sustainable” gain of 3.8% over the second quarter of the year.
Florida home sales rose in July to their highest level for 2 years. Agreed sales have now risen for 6 consecutive months. Loxley McKenzie of Colordarcy (www.colordarcy.com/) is a leading property investment company has already seen the change
 “The US Florida market is definitely improving and sales have been very strong”. This is confirmed by figures from the National Association of Realtors (NAR) showing that 43,000 homes were sold in Florida in 2nd quarter this year, 8,000 more than the same time last year”
In further good news for the US economy, their manufacturing has returned to growth for the first time in 18 months. A report from the Institute for Supply Management (ISM) said that production, new orders and new export orders have all risen (for the economists amongst you, ISM’s manufacturing index reported a reading of 52.9 in August, the first time since January that it had exceeded 50).
Here are some recent stats on sales in Orlando:
Members of the Orlando Regional REALTOR® Association in July sold 65.23 percent more homes than in August of last year, contributing to the area’s year-to-date sales increase of 49.40 percent.
The sales of apartments in the Orlando area increased by 259.48 percent in August when compared to August of last year
Osceola County Property Sales: 111.75 percent above 2008 (3,551 homes sold to date in 2009 compared to 1,677 in 2008)
Don’t Miss the Boat
You can contact Colordarcy for advice and properties that matches your requirement.
+44 (0) 207 100 2393
Fax: +44 (0) 207 101 7736 
Skype: colordarcy 
Email: info(@)colordarcy.com

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