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Housing Market Improving in "Sand States"

By Emily Rose Newmark

Real Estate Agent with Keller Williams Realty CalBRE# 01308620

October 17, 2012 08:01 AM

Keller Williams Calabasas released this blog today and I wanted to share the highlights of it with you. Here is a link to the full blog entry:

http://www.kwcalabasas.com/residential/fdic-reports-housing-market-improvement-in-sand-states/

The Sand States being California, Nevada, Arizona & Florida....oddly enough, the four states with the highest unemployment rates are showing an increase in Real Estate activity as reported by the FDIC.

Housing Market Improving in "Sand States"

According to the FDIC report and above mentioned blog, California home prices have dropped 1.3% from a year ago, but is an improvement from the 2.2% fall in the first quarter of this year.

California's unemployment rate is at an astounding 10.8%, however single-family building permits have increased 9.8% in the second quarter. Multi-family permits rose 12.8%.

Housing Market Improving in "Sand States"

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Mark Loewenberg

KW of the Palm Beaches - Palm Beach Gardens, FL

KW 561-214-0370

sand state? florida? had not heard that at all and have lived here since 2004.. where did you hear of this?

Oct 17, 2012 09:30 AM

Emily Rose Newmark

Keller Williams Realty - Sherman Oaks, CA

Yep! I've heard all four, California, Florida, Arizona and Nevada referred to as "sand states." This blog came from an FDIC report that used the term. Here's a link to a different article that also refers to them as "sand states." Beaches and desert make up a large percentage of all four, so there you go!

http://realtormag.realtor.org/daily-news/2012/10/02/foreign-buyers-flock-sun-and-sand-states

Oct 18, 2012 08:26 AM

Oct 18, 2012 08:27 AM

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Emily Rose Newmark

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