If you have been holding on to your properties waiting for the market to rebound, then it’s time to finally sell to make the return on your investment. At the same time, this is the perfect time for home-buyers to find incredible deals in Jonathan’s Landing and other luxury communities in South Florida, without breaking the bank.
If you are looking for homes for sale in Jupiter, Palm Beach Gardens or Tequesta now is the time to buy. If you wait too long, the market will rise and you won’t find affordable deals again for a few years to come.
According to National Association of Realtors (NAR), the housing affordability conditions are perfect with 2012 reported as a record year in terms of rise in the housing market. NAR also reported a healthy rise in the housing market in its February report, which is based on data collected February 25 through March 1, 2013.
The current market conditions in commercial and residential real estate here in Florida are encouraging for investors with declining housing inventory and rising demand. The conditions are almost analogous throughout the country as the real estate market continues to make strides towards its recovery. Interestingly, the S & P Case Shiller Index showed that the market has achieved its longest year-over-year gain since 2006. This is probably the best time to invest in Jonathan’s Landing real estate since the housing bubble burst.
The Florida real estate market had surprised the investors with its downfall a few years back. Most of these investors stopped flipping homes. However, the market has bounced back. Just like the good old days, anyone can make money by purchasing cheap homes, doing necessary repairs, and then selling it for a return. Although, tight underwriting standards and restrictive availability of mortgages could hurt the progress, many real estate investors have reported that small banks and credit unions are giving away loans.
Strong buyer demand and tight inventory is making the prices rise for residential and commercial real estate in Florida, which will continue during the next 12 months, according to leading analysts in the industry. However, this may not be homologous across all the states. Texas, North Dakota, Florida, and Michigan are expected to see the definite rise in housing prices while other states have a huge chance of catching on the trend.
Contact Preferred Residential Properties for all of your real estate needs at (561) 747-8987.