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People Are Buying Homes Again

Real estate market forecasters have been throwing around varying assumptions and figures about the future of home sales and property values.  Since July of last year, each month has been one unwanted number after another detailing how South Florida homes have gone down in value to the fact that property for sale just isn’t well, selling.  Thankfully, February finally brought some refreshingly hopeful news for a change.

Home sales actually rose 2.9 percent for a change.  It’s not exactly a huge figure but it does act as a potential sign that home buying is slowly starting to pick up again and most will agree that even small figures like these is good news for real estate.  Newly built homes on the other hand still continued to slide however, while people slowly begin to snap up the glut of existing inventory.  The question many might be wondering: Do these positive numbers mean the real estate market is gearing up for a comeback?

It’s still way too early to tell if buyers and investors are once again spending money on buying golf homes and vacation villas in Florida and elsewhere but there’s a very large possibility the government’s not quite behind the scenes efforts may have at least given whoever is responsible for that nearly three percent increase some degree of confidence.  As recently as last month, the government has gone out of its way to lower mortgage and interest rates and as you already know, will be giving taxpayers a sizable check to spend however they choose in May.

Should first time home buyers go and explore Naples real estate and seize the first property they fall in love with now that home sales are picking up again?  You need to consider all the important factors involved, the primary one being how willing you are to lose money.  Consult a real estate agent and they’ll guide on what’s the best course of action based on your finances and unique situation.  Prices are incredibly low and if you’re looking for a high end return, it may be worth your while.

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