After five years of bad news, there finally seems to be hope for housing. Despite lower numbers in December, a report from the Florida Realtors Association indicated a recovery commencing in 2011.
The sector is stable enough that despite foreclosures we should not experience any severe declines like those experienced in 2008 and 2009. It appears that the housing market is getting much closer to a sustainable level, particularly as job growth gains more momentum.
Cash buyers are also fueling housing transactions across Broward and the Palm Beaches. International cash investors are helping to bring low home prices up to more adequate levels as interest in Florida homes spike.
As luxury custom home builders, we have definitely seen much more movement in the housing market.
