The Best Reason to Buy Your House Now

Everyone dreams of owning a new Florida home.  I’ve watched the market in its ups and downs. Here are some tips for today’s Florida home buyer’s market.

1. This is a buyer’s market. The supply of homes in Florida is greater than the demand, which means there are more homes on the market for sale then the normal amount. This is good for the purchaser because there is more to choose from.Florida sellers are more eager to sell their homes today – which means you get the best deal for your money.
2. Interest rates are at historic lows. Rates as low as 5.25% are now attainable.  However, Florida home loan rates are heading into a period of volatility soon, so act quickly.
3. Within a year, the market will increase significantly. With inventory shrinking and new homes start decreasing, it makes for a tricky situation. With jobs and population increasing, it will only be a matter of months before the supply runs low and demand increases. This is a sign that prices are at the bottom and it is best to buy right now.
4. You will find a better bargain in the winter months- when the market is slower. Winter time is notorious for being slower for builders and home sales. Builders are trying to keep their crews busy, while sellers are trying to keep land moving.
5. Wages are increasing- according to the Department of Commerce. With real wages increasing and the stock market roaring, the new job market will increase and the idea of owning a new home becomes real for a lot of people. With low interest rates, this enables buyers to buy better quality single family homes at low monthly payments.
6. There is only a two year supply of lots available- in most markets, causing the market to become very competitive. This is a most interesting phenomenon in the market. With the interference of the government and slow growth publicity, there is about a 2 year supply of lots in the market.

The Florida housing market is full of ups and downs, and there are defiantly better times to buy and sell. This is a buyers market, take advantage of it. This is a great time to buy a Florida house and make it your home.