Housing Industry On a Steady Rise
In the last two years, there has been an unstoppable positive turn in demand for real estate. This resulted in increased home buyer’s motivation to purchase. In addition, this newest trend boosted builder’s confidence in the real estate market as well. According to Mr. Jay McCanless, an analyst for Sterne Agee, “Housing demand, whether its rental or ownership, is a positive indicator,” the main reason for this is a steady job creation over the past three years which especially helped the private sector. Tampa Bay area is no exception; there has been a larger demand for multi-family and single family rentals and ownership. What does this mean for potential home buyers or sellers? The overall positive attitude amongst the members of builders associations and customers seeking new homes caused an increase of six points in the Housing Market Index in July 2013. This was the strongest increase since January 2006 and it also showed that builders are being more confident in bui...