Housing Indicators Up For 2009

The Florida Association of Realtors announced that key housing indicators are up year to date. This is welcome news to sellers and realtors alike.

Many attribute the increase to the $8,000 tax credit the President instituted earlier this year. Many first time home buyers are taking advantage of the tax savings and the low interest rates to buy their first home. In turn, seller s are able to move on to purchase step-up homes or homes in areas that they have already relocated to. This domino effect can be felt in many different price points across the board. Here are the stats:

Housing Market Indicators:

Florida existing home sales:
(month-to-previous-year comparison)

• 16%

Florida existing condo sales:
(month-to-previous-year comparison)

• 21%

Florida existing home median price:

• $144,400

Florida existing condo median price:

• $113,400

Florida consumer confidence: 

• 71

National existing home sales: 
(month-to-previous-month comparison; all housing types)

• 2.4%

National existing home median price

• $173,000

National (Freddie Mac) mortgage rate
(all housing types)

• 5.38%