Leugers Group - Brokered by eXp Realty

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"To raise the bar in our society by rendering life-changing high value service that saves the people we serve time, money and frustration."

Monday, June 29, 2015

Where Is the Florida Gulf Coast Market Heading?

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Hello, and welcome back everyone! It's time for another Florida Gulf Coast market update!

Let's start by looking at the total number of existing home sales nationally. Since January, there has been a steep increase in existing sales, which is a great sign that our market continues to get better! All price ranges, with the exception of homes priced $0-$100K, have seen double digit increases in sales this year! 

With conditions as great as they are, many people are wondering whether we're in another real estate bubble. It's not looking like it - according to Gallup, 31% of Americans feel that real estate is the best long-term investment, followed by stocks/mutual funds with 25%, gold with 19%, savings accounts/CDS at 15%, and bonds at only 6%. This is great news for anyone looking to buy or sell real estate in the near future! 

The Florida market is on fire right now! The reason for this is because our state offers the most important features of a retirement location. About 40% of retirees want to live close to mountains, rivers, and outdoor recreation, and 25% want to live by a beach! Roughly 18% of people polled said that universities and other cultural institutions were important, which we also have a lot of here in Florida! 

It's not surprising that the Florida market is so strong right now. Rates remain incredibly low, but they're unlikely to stay low for much longer; all the major lenders are predicting rates to creep up by the end of the year, making now the time to capitalize on these great conditions. If you would like our assistance, or if you have any real estate questions, give us a call or shoot us a quick email. We would love to help you out!