According to a recent study by the University of Florida's Center For Real Estate Studies, the single-family residential housing market has bottomed out. "If you're thinking of buying a house, there's probably not much to be gained by holding out at this point," said Wayne Archer, director of UF's Bergstrom Center for Real Estate Studies. "It doesn't look like prices are going to fall anymore." After completing a quarterly survey of real estate professionals, a majority of those responding have observed housing prices staying equivalent with inflation prices. This may indicate the market is stabilizing. "You can't get away from the fact that the single-family housing market is the single largest driver of the real estate market," he explained. "Most brokers and real estate agents are dealing with single-family housing. Most lending is for single-family housing. And home furnishings are driven by single-family housing. So when it stabilizes, that's important."
So what are YOUR thoughts? Is the Florida housing market, particularly single-family residential homes, stabilizing?
For access to the Tampa MLS or Homes in New Tampa, Wesley Chapel, Land O Lakes, visit my website at www.LaurieGaudette.com.
Comments (0)Subscribe to CommentsComment