The National Association of Realtors said existing home sales increased 5.1 percent, the highest level since November 2009. First-time buyers accounted for 32 percent of transactions. That put sales this year on track for their strongest gain since 2007.
More than 1.5 million home buyers were negatively impacted by the financial crisis and could potentially re-enter the mortgage market in the next three years, and over 2.2 million are anticipated reentering the housing market over the next five years.
The National Association of Real Estate Editors announced last Spring that the vacation home industry is booming as investors take advantage of gains in their stock-market portfolios. Numbers compiled by HomeAway, an online marketplace that links vacation-home owners with would-be renters, indicates that vacation home sales were up 57 percent in 2014 from 2013, surging to their highest level since 2003. The median income of a vacation-home buyer in 2014 was $87,000.
After four record-setting years, Florida tourism is poised for yet another. “We’re at the top of the game,” Visit Florida president and CEO Will Seccombe told several hundred business leaders at a monthly meeting of the Greater Miami Chamber of Commerce.
We can help you to sell your property quickly and at a competitive price. We do what's needed to make it standout from the other properties on the market too. Like, staging it to make it look that extra level of homey, yet classy. We have workman who can fix anything, cleaning personnel to make it shine.
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