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Sunshine State getting Sunnier

Not long ago Florida had one of the highest foreclosure rates in the country. As HousingWire informs MHProNews, in Jan. closed sales of existing single-family homes rose 11.7 percent over last Jan. to 13,679, while pending home sales for existing single-family homes jumped 31 percent versus last year. The median sales price for a home rose 12.4 percent year-over-year. Florida Realtors President Dean Asher, pointing out the time a house is on the market has fallen 15 percent, says, “This year started out strong for Florida’s housing market. Home sales continue to rise, mortgage rates remain near historic lows and the inventory of for-sale homes is lower than it’s been in years.”

(Image credit: etftrends)

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