Why Home Prices are Rising

Right now, listings are here today, closed before tomorrow.

Investors and regular folks can’t get houses fast enough. New, resale and distressed homes are here in the morning, gone by the afternoon, especially in busy South Florida. Literally. We’re seeing it first hand.

Want to sell your home in South Florida? Now is the time. This is your textbook definition of “seller’s market”.

shopping for houses

Many cities throughout the country are facing housing shortages due to the fact that there is little to no investment in residential projects. No one wants to invest where the return will be so little. Residential investors are holding out for increased market prices, while the ecstatic demand of any and all available houses – old, new, distressed – is driving prices up.

Economists theorize that the housing market is held back by: 1. developers that are stuck due to lack of funding/land and 2. Potential sellers who are stuck in mortgages.

First time home buyers are not interested in foreclosure-related homes, which are now at their lowest level in four years, so investors continue to pick them up in bulk. There’s high, high demand from “organic” prospective homeowners who are seeking nice houses to move into. Home prices are responding to the increased demand nationwide.

If you’re ready to sell, don’t hesitate to contact Florida’s Best Realty. We’ll make sure you get into the market the right way and reap the rewards!

Buying? We’ll here for your house hunt! Don’t wait another moment. Inventory is flying off the shelves!

 

Sellers & buyers! Call Florida’s Best Realty at 888 912 3544 today.