REPORTS FROM THE EARLY BIRD STATE THAT:
- the inventory of Florida homes available for sale in several markets has continued to stabilize;
- the Statewide (Florida) existing-home median price only decreased 3% last month compared to that of one year ago;
- 2006 Is expected to be the third strongest sales year on record nationally. (So nice to see this in print again.) A few contributing factors are "strong job creation, historically low and declining mortgage interest rates and the demographics of a growing population providing a solid foundation for homeownership opportunities." NAR expects buyers "will show more confidence in the market, adding a lift to home sales" in the first quarter of 2007; and
- 30-Year fixed-rate mortgages averaged 6.24 percent last month which is down from 6.33 percent in November 2005.
I think that 2007 will be another wonderful year along Florida's Emerald Coast!
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