Recent data from the Standard & Poor’s/Case-Shiller index showed that home prices are on the rise, and rose 1.9% in Tampa from May 2012 to June 2012 and 3.4% year-to-year from June 2011 to June 2012. Prices increased for the fourth consecutive month, and these pricing gains mean that the Tampa housing market is getting stronger and now is the perfect time to purchase new homes in Tampa!
Recovery is not over and indeed there may be months to come where home prices could flatten or even decline, but the first year-over-year increase as a nation since 2010 is good indication that the housing market is getting stronger. The index is comprised from data collected from the nation’s 20 largest cities and compares sales of detached houses. If home prices continue to rise, then the number of “underwater” homeowners could decline, which would help strengthen the economy.
This new data is yet another confirmation that the real estate slump is over and buyers can purchase their Florida new home with confidence, and should do so before pricing continues to rise. At Highland Homes we build Tampa, Lakeland, Winter-Haven and Orlando new homes in more than 25 communities throughout Central Florida. Our beautiful homes are priced from the low-$100,000s and to make purchasing a new home even more affordable, qualified buyers can move into their new home for only $99 down.
For more information on how you can purchase your dream home from Highland Homes, visit the Highland Homes website today!