In a recent statement, NAR Chief Economist Lawrence Yun remarked on the current Florida real estate boom. As quoted in Investment Advisor:
“The upswing in April existing-home sales was expected because of the tax credit inducement, and no doubt there will be some temporary fallback in the months immediately after it expires, but other factors also are supporting the market,” Yun says. “For people who were on the sidelines, there’s been a return of buyer confidence with stabilizing home prices, an improving economy, and mortgage interest rates that remain historically low.”
We agree. With prices on the rise it’s time to get off of the sidelines and into the market.
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