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Mixed Views for Florida Homeowners on Real Estate Buying |
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Written by Mabelle
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Thursday, 06 July 2006 |
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According to the new survey, homeowners of Florida are cautiously positive about their state's real estate market, with most believing their homes' values will rise in the next year, but showing mixed views on whether now is a good time to buy.
It shows that 58% of Florida homeowners responding to the survey said they think the value of homes in their community will rise over the next 12 months, despite indications that the state's five-year housing boom is waning. According to the Florida Association of Realtors, Florida home sales dropped 24% in May from the previous year and median home prices were up 11% from the same month last year. According to the survey, Florida homeowners were split about whether now is a good time to buy real estate: 42% said now is a good time to buy and 42% said now is a bad time to buy. Seventy-one percent cited affordability as an obstacle to purchasing a home. By M. Sese
http://realestatepress.org |
