Breaking News Stories to End 2011 about Florida Real Estate Are All Positive

Posted: December, 31, 2011 | Categories: General Info
By Highland Homes

Pasco CountyMore new homes being built on prime Florida real estate! Builders broke ground on a seasonally adjusted annual rate of 628,000 homes last month, the Commerce Department said Thursday, but building permits rose nearly 11 percent. This increase helps gauge future growth and has reached its highest level in 3 years. Single-family homes, which make up about 70 percent of residential home construction, rose nearly 4 percent last month.\n\nThis is good news for the national economy as new homes represent 20 percent of the overall home market.  Each home built creates an average of three jobs for a year and generates about $90,000 in taxes, according to the National Association of Home Builders.\n\nIn Realtor.com’s “Top Ten Turnaround Report,쳌 six Florida cities were considered good bets for an upswing in sales. Realtor.com created a formula to rank a city’s turnaround potential based on recent price appreciation, changes in inventory, median age of inventory, number of Realtor.com searches by visitors and area unemployment. The site attributes the Florida cities’ success to year-over-year home price increases, reductions in inventory, lower unemployment rates and, in some cases, an upswing in international buyers.\n\nRealtor.com’s turnaround list includes:\n\n1. Miami: Ranked No. 1 in the report, Miami hit the top based on “a healthy inventory that is only half the size from a year ago,쳌 a lower foreclosure rate than the national average and an increase in condo sales.\n2. Orlando: While No. 2, Realtor.com says Orlando had more home searches than any other city when compared to the total number of listings. It also had a significant drop in the number of foreclosures.\n3. Fort Myers-Cape Coral: Median prices in Fort Myers-Cape Coral have increased year-over-year, foreclosures are down, inventory is lower and foreign buyers are attracted to the area’s real estate prices.\n4. Fort Lauderdale: Inventory has decreased and prices have increased, says Realtor.com.\n5. Sarasota-Bradenton: About one in 10 foreign buyers look in Sarasota-Bradenton for a home, Realtor.com says. Listing prices have increased and inventory has decreased.\n6. Lakeland-Winter Haven: According to Realtor.com, the number of distressed sales has decreased significantly and prices have gone up.\n\nThis isn't news to us at Highland Homes. We have seen steady pricing and an increase in sales throughout our 22 communities for more than 13 consecutive months. We build in six Central Florida counties and continue to look for developed lots throughout the state to increase our business due to the positive outlook.\n\nWith all this good news we are looking forward to a great 2012 and hope to expand our operations to a few more counties and other metropolitan areas in Florida. We specialize in finding ways to help all buyers build the Orlando, Winter Haven and Lakeland homes of their dreams, and only require $99 down.\n\nFor more information about how you can build your new home with just $99 down, visit .


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