Looking at today’s status of Florida’s real estate, the National Association of Realtors said that from December 2010, pending home sales rose.
- 11.5% compared to December 2009’s 1.7%.
NAR says that people should expect foreclosures which will keep home prices down, at least through the third or fourth quarter of 2011, but then again, NAR says that:
- the market should start to stabilize come the fourth quarter of 2011
This is due to the demand for affordable housing to continue even without home buyer’s tax credits. Ever thinking of purchasing a home? Well, with this news, now’s the best time before interest rates keep on climbing.
