New Studies Suggest Florida Turnaround Recent national studies by Realtor.com, owned by the National Association of Realtors, and Trulia show Florida markets may be poised for an upswing. Realtor.com's Top Ten Turnaround Report Realtor.com's study ranks a city's rising market potential based on a formula comparing recent price appreciation, inventory changes, average age of inventory, area unemployment, and the number of searches by visitors to the site. According to Realtor.com, six of the top ten cities expecting an upswing are in Florida. Markets in Miami, Orlando, Fort MyersCape Coral, Ft. Lauderdale, SarasotaBradenton, and Lakeland Winter Haven are all expected to improve. Factors include a healthy inventory, lower foreclosure rates, and increased condo sales in Miami. Orlando had more home searches compared to listings than any other city. In Fort MeyersCape Coral, foreclosure are down, foreign buyers are interested in the area, and median prices have increased yearly. Trulia's Metro Movers Report Trulia's new study, Metro Movers Report, analyzes those searching for housing in a city versus city residents looking for housing outside the city. According to Trulia, if inbound searches exceed outbound, it suggests an upswing in that market. According to The Metro Movers Report, five of the top ten cities with more inbound than outbound searches nationwide are located in Florida: North PortBradentonSarasota, Fort LauderdalePompano BeachDeerfield Beach, Cape CoralFort Meyers, West Palm Beach Boca RatonBoynton Beach, and OrlandoKissimmeeSanford. North PortBradentonSarasota had an amazing six times more inbound than outbound searches. Trulia's report also checked the searches of residents in New York City and Chicago markets for where they might like to move. Chicago residents counted three Florida cities in their top ten: TampaSt. PetersburgClearwater, Cape CoralFort Meyers, and OrlandoKissimmeeSanford. New York residents found five of their top ten in Florida: MiamiMiami BeachKendall, Orlando KissimmeeSanford, West Palm BeachBoca RatonBoynton Beach, Fort LauderdalePompano BeachDeerfield Beach, and TampaSt. PetersburgClearwater. Source: 2011 Florida Realtors Jennifer Cook, Raul Aleman and the entire Bahia Realty Group team of real estate professionals welcome the opportunity to speak with you personally to discuss how to help you find, buy or sell your Orlando home or real estate investment property; secure
mortgage financing; or help you relocate to the Orlando area. Please call 4079565443 or email info@OrlandoRealEstateLink.com for assistance. Visit: www.orlandorealestatelink.com for a list of available homes in Orlando. We specialize in new homes, luxury properties, condos, villas, gated communities and homes with pool. We also offer full service property management for Orlando. Spanish site is also available: http://www.casasorlando.com/.
Published on Jan 9, 2012
According to The Metro Movers Report, five of the top ten cities with more inbound than outbound searches nationwide are located in Florida:...