This article focuses on Florida’s regional housing markets statistics. Use this resource to pick gems that support positive market momentum in your area.
Numbers that work in your favor
If you're looking for statistics that support positive momentum in your local market, you’ll find lots of material specific to Florida at the National Association of Realtors® Web site www.Realtor.org.
For example, check out the 2007 Metro Home Price Analysis Reports. You’ll get insight into the fundamentals and direction of housing markets in 11 regions in Florida, courtesy of NAR’s research division. Read the Executive Summaries for each region, where you can pick from the gems of content data.
You’ll find something positive worth sharing with your clients in each report.
Check it out:
http://www.realtor.org/Research.nsf/pages/
MetroHomePriceAnalysisReports?OpenDocument (password protected and available only to members of NAR)
Learn more about NAR’s research division: http://www.realtor.org/Research.nsf/pages/
customdata?OpenDocument
For an overview of NAR’s customized research projects, visit http://www.narrealtycheck.com/
Next: Growth, stability and opportunity: All in the Sunshine State
Why It's a Great Time To Buy Real Estate in Florida!
Pricing and Inventory: This is an ideal time for buyers to find a Florida dream home. Inventory is plentiful throughout the state and today’s lower prices offer true bargains for purchasers at all price levels.
Existing home/condo sales statistics
Favorable interest rates: Do the math. Lower rates multiply a buyer’s financial power, especially now when rates are near a 40-year low. Even one/half of one percentage point difference means a buyer could save more than $1,000 per year on a median-priced home. Buyers get more home for the money – a perfect scenario for families looking to upsize.
Check out the latest market rates
International pulling power
Florida homes offer financial value to foreign buyers: International buyers benefit from the weaker U.S. dollar, multiplying their purchasing power. Buyers also appreciate the relatively low costs of Florida property compared with similar homes in their countries. According the “2008 NAR Profile of International Home Buying Activity Study,” Florida accounted for 25.4 percent of all international purchases to lead the nation.
2008 NAR Profile of International Buyers in Florida (PDF)
NAR International Network
Location/lifestyle
With extensive inventories in Florida’s urban and suburban locales, buyers can live closer to work, schools and rapid transit lines. First-time homebuyers also have many affordable options in the townhome and condo markets. And let’s not forget Florida’s climate, world-class beaches, vibrant economy and diverse population.