The Florida Association of Realtors reports that higher median home prices, more new listings and a slight rise in inventory in April show that the real estate market continues to improve. "Florida's strengthening economy and increased jobs outlook are positive signs for continued growth in the state's housing market," said 2014 Florida Realtors President Sherri Meadows.
Another very positive note is the sharp drop in short sale homes. Economists believe this is due to rising prices which give more homeowners equity. Economists expect this trend to continue all around the country.
Tallahassee has lagged other Florida cities in the rise of home prices. While Florida overall has seen about a 4% increase in home prices; Tallahassee has seen under 1% increase in home prices.
Another very positive note is the sharp drop in short sale homes. Economists believe this is due to rising prices which give more homeowners equity. Economists expect this trend to continue all around the country.
Tallahassee has lagged other Florida cities in the rise of home prices. While Florida overall has seen about a 4% increase in home prices; Tallahassee has seen under 1% increase in home prices.
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