According to a new report by Housing Predictor, Florida is pulling out of the housing downturn first. Previously, California has been the first state to experience a turn around.
But higher sales numbers for both single family and condos in Florida, lasting now for 7 months, indicate real estate in Florida is coming back strong. Banks are now making mortgages again, and NewsGenius reports that almost 20% of all sales are seller financed in some way.
Florida experienced the downturn in real estate before any other state, and has been in the top 3 of depressed markets nationwide. It's great that Ormond Beach real estate, along with the rest of Florida, is now trending up again.
Since this news will probably make you curious about prices, here's a search tool to give you information on our Ormond Beach real estate market (single family - contact me for a widget for the condos available).
Sherry Armstrong, Realtor
http://www.daytonabeachflhome.com/
http://www.sherryarmstrong.com/
sherry@sherryarmstrong.com
386-679-3191
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