July, 2009:

Housing Affordability

For the first time in a long time, the real estate trend has taken a positive turn here. June single family sales in both Okaloosa and Walton Counties were actually up over the same month last year.

An anomaly? We don’t think so. Most of the rest of the state has been experiencing increases in the number of transactions as compared to last year. Perhaps the Emerald Coast simply lags a little behind?

Interest rates have ticked up a little in response to many factors, not the least of which is the threat of increased taxation. However, low demand has kept the markets competitive – at least for now.

Nevertheless, the all-important “Housing Affordability Index” now stands at a 28 year high.  Simply put, a higher percentage of Americans can afford to purchase a home today as compared with any year going back to 1981!

Check ourt website at http://www.FloridaBrokers.com for more!