According to Daily Real Estate News recently featured on REALTOR MagOnline, the price of homes continue to rise due to lack of inventory and new construction in many areas.
Some south Florida communities offer new construction homes such as Parkland Golf and Country Club in the City of Parkland, Florida however families looking to relocate and are on a time sensitive schedule due to work or school, are leaving many searching without much to chose from within their criteria. Rental Properties have become more in demand and are also beginning to be an inventory problem.
As we head for the third season in a row with shortages of homes for sale which are driving prices up too high for first-time buyers, rental choices instead of selling have made it very difficult for buyers this season.
According to NAR’s chief economist, Lawrence Yun, “The spring buying season is right around the corner, and current supply levels are not even close to what’s needed to accommodate the subsequent growth in housing demand,” says Yun. “ Home prices ascending near or above double-digit appreciation are not healthy – especially considering the fact that household income and wages are barely rising.”
Sellers market indeed.
Call Caroline Rannazzisi today at BRS LUX Homes to assist you in selling your home.
Author:Laura Davis Phone: 954-913-1353 Dated: March 24th 2016 Views: 270 About Laura: ...
About LUX Florida Home Collection & Bankers Realty Services
LUX Florida Home Collection & Bankers Realty Services are a full service real estate firm. Since 2000 we have been listing, selling, leasing & managing property for both residential and commercial real estate owners throughout South East Florida. We have a team of experienced Real Estate, Mortgage, Appraisal & Legal professionals who all work together to assist in our clients needs.
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