With a menu as varied as that of an all-you-eat hotel brunch buffet, Florida's housing market is still a much talked-about and speculated-over enigma.
The New York Times today would have you believing small Florida towns with less traffic have cornered the market on stability in the state, but experts in the field who say "thumbs up," on a national level, are reflective of the actual activity in our nick of the woods.
According to the latest quarterly survey by the National Association of Realtors®, existing national home sales were 2.4 percent higher at an annual rate than they were in the last quarter of 2006.
Pat V. Combs, the National Association of Realtors president said "It appears the worst of the price correction is behind us."
Median home prices surveyed are listed on a table here.
Zooming in, realtors also agree that small waterfront condos in prime locations, such as up-and-coming North Miami Beach, or large luxury condos in Miami are still in high demand, especially if they feature resort-style amenities.
But other South Florida cities, not especially favored for waterfront lifestyles or eclectic shopping districts, are more than just stable.
By the looks of my old neighborhood in Weston, a 4-bedroom, 2-bathroom home in The Ridges is actually priced $65,000 more than mine mid-2005.
No comments:
Post a Comment