Real Estate 2012: Closing on a Good Note

According to the article “Real estate ending the year on an upswing” from nj.com, the housing market continues its rebound from the crisis.

Indices from the Standard & Poor’s/Case-Shiller Home PriceĀ  indicated that home prices were up 4.3 percent in October from a year earlier, marking the largest 12-month increase since May 2010.

As we mentioned in our blog entry, Pending Home Sales Rise to Five Year High, pending home sales have consistently gone up along with consumer confidence and home prices. The industry is excited to see that pre-owned homes have been selling rapidly, as shown by figures from the National Association of Realtors.

Over 100 experts (real estate experts, economists, financial strategists, etc.) collaborated on Zillow’s Expected Home Price Survey with positive speculation. Home prices are expected to rise up to 3 percent in 2013.

According to Trulia, house sales are 73 percent back to normal (pre-crisis levels), delinquency and foreclosure rates are 41 percent back to normal and housing prices are 37 percent of the way back to normal.

Stay tuned! We’ll be sharing more information and new data about real estate conditions.

At Florida’s Best Realty, we’re feeling very optimistic about home sales in South Florida in the coming New Year. We want to be your go-to crew for your real estate journey in this fantastic area. Whether you are buying or renting properties and South Florida real estate, our experts will be delighted to make sure you get the very best outcome and have a great experience.

Florida’s Best Realty is always by your side.

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