Mortgage rates increaseHighland Homes just purchased a new community in Manatee County and it is planned to open in late July for new home sales. The company could not have picked a better time to enter into a new county in Florida. Reports from the Bradenton Herald show good signs for the housing industry in Manatee County.  Bradenton and Sarasota Realtors sold 1,029 existing homes in May, a 31 percent increase from the 783 homes sold in May 2009, according to data from the Florida Association of Realtors. Home prices increased slightly to an average of $166,400, a 6 percent increase from May 2009.

Sales of existing homes statewide increased 18 percent in May, as 16,745 existing single-family homes were sold compared to 14,172 in May 2009.  It was the 21st consecutive month sales activity has increased in Florida. The National Association of Realtors also released its home sales report for May. Sales of existing homes nationwide declined 2.2 percent last month to a seasonally adjusted annual rate of 5.66 million units.

These are all good signs for the Lakeland, Florida based new home builder; who now builds in 6 Florida counties. Highland Homes builds homes for every one, but is considered to be the Value leader in all 6 counties. The company prides themselves on quality and affordability and offers down payment assistance for most of the buyers. Buyers only need $99 down, so many buyers were considering a lease for a new apartment, but when they realized they could buy a brand new home for just $99 down and payments less than rent; they have all opted to buy in a Highland Homes community. If you would like to learn more about the down payment assistance programs or how you can buy a home for just $99 down, call 863-619-7103 or visit the website at www.highlandhomes.org.