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Another Housing Market Indicator Goes Up

3/22/2013

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The National Association of Home Builders released their Improving Markets Index this week.  The IMI continued to expand for the seventh straight month to include 274 improving  markets.

Tallahassee is one of 18 Florida home markets on the list.  The  index measures 3 economic factors: housing permit growth, home price increases,  and employment growth.  All 3 measures in Tallahassee show significant increases  since they bottomed out about a year ago:

Housing permits: Up 2.4% since  bottoming in Dec 2010
Home prices: Up .62% since bottoming in Feb  2012
Employment: Up 2.62% since bottoming in May 2012

Home values  continue to improve in Tallahassee across many
neighborhoods.  Go to www.FreeTallahasseeValue.com for your own custom
home value analysis.     
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