According to housing experts, the bottom of the housing market has passed and Florida is a great place to buy!
The Greater Tampa Association of Realtors reported that last month in Tampa the average home value increased one whole percentage point compared to last year. This is great news for the Tampa area and for Domain Homes buyers!
The Wall Street Journal recently published an article named Housing Passes a Milestone that states “the housing bust is over.” There were approximately 10% more homes sold this year than in the same month as last year, and the number of existing homes in inventory has fallen to a normal level of six months’ worth. These are all good signs of an upturn in the housing industry, especially for homebuilders as “housing construction has added to economic growth” over the past four quarters.
Not only is the Wall Street Journal calling for the end of the housing slump, a new report by Zillow also shows gains in median home values for the past four consecutive months. The report shows that three of the top ten metro areas showing the greatest increase year-over-year are located in the Sunshine State! Don’t miss this amazing time to buy!
The experts are saying the numbers in the Tampa area indicate that prices are inching upward. The great news is that Domain Homes is continuing to provide top-quality, beautifully appointed homes at an amazing value. Discover the domain of your dreams today!
Stop by the Domain Headquarters at Southtown Park, 7700 Interbay Boulevard, Tampa to learn more about our unique approach to home building and buying. For more information, check out our website domainhomes.com. Follow us on Facebook. Call 813-413-4154.
To read the entire Wall Street Journal article, Housing Passes a Milestone, click here.