The new year brought about new predictions regarding the US Housing Market. Among those were rising home prices, decreasing inventory due to stalled construction and growing ease between lenders and loans.
Now that we are a quarter of the way through with 2014, it is time to reflect and potentially regroup on the status of the market.
Clear Capital®, the premium providers of data and solutions for real estate asset valuation and collateral risk, recently released its market report with data through March 2014. As a whole the data indicates that housing prices remained steady and the keys for continued stability will lie within the transition from investor to traditional home buyer demand.
What does this mean for real estate in Alabama and Florida? Well, keeping in line with the national averages, the area market suggests higher median prices that are becoming steadier. However, something to be noted is that the struggle for inventory, be it for investment purposes or traditional home buying, is more stable than the national average with a solid number of new listings, according to the latest housing data released by Florida Realtors®.
To see how real estate in Perdido Key, Pensacola and Orange Beach is doing specifically, check out our monthly housing market report.
