Wednesday, June 19, 2013

Florida Home Sales Gaining Momentum, Says Mick Wiener

Florida Home Sales Gaining Momentum, Says Mick Wiener

Mick Wiener explains why the residential market of South Florida has experienced such a boost in the first quarter.

Mick Wiener, a real estate broker associate and expert in the residential market of South Florida, has noticed a strong upward trend in home sales throughout the region. A recent article published by the Bradenton Herald confirms that Florida's housing market has seen a surge in sales--leading to a profitable first quarter. Here, Wiener comments on this trend and shares the insight provided by the aforementioned article.
The article explains: "The state housing market gained strength in first quarter 2013 with increased closed sales, more pending sales, higher median prices and a tighter inventory of homes for sale compared with the same quarter in 2012, according to housing data released Thursday by Florida Realtors."
The reason behind this influx in home sales is, largely, the creation of jobs within the Florida market. A state that was hit relatively hard by the recession, Florida is still working to replace the jobs that were lost during the financial crisis. As new jobs are established, individuals are able to turn their attention toward homeownership. This, in turn, creates more jobs, as the construction and development companies that work to build new homes are able to hire more professionals to meet the increase in demand. As such, the health of the housing market is, in many ways, a great indicator of the overall health of Florida's economy.
But Wiener points out another reason why home sales are increasing: "Sales of residential units, including single family homes and condos, are taking place at a record pace," comments Mick Wiener, Florida real estate broker associate and expert in the residential market. "Many of these properties are purchased as second or even third homes by affluent buyers who are looking for a wonderful place to invest in a vacation property."
Because the costs associated with homeownership in Florida are still lower than those in the northeastern states, many individuals living in New York and the surrounding area are turning to Florida for affordable second and third homes. As such, these individuals are investing in the economic well being of the Sunshine State while driving job creation and a healthier local economy. Because they get a high quality vacation home out of the deal, Mick Wiener believes this is a win-win for all parties involved.

As such, these individuals are investing in the economic well being of the Sunshine State while driving job creation and a healthier local economy. Because they get a high quality vacation home out of the deal, Mick Wiener believes this is a win-win for all parties involved.

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