Florida’s housing market 2015: Report Card
Now that the Real Estate industry has final numbers from 2015, they are releasing that data and the subsequent results of last year. As we have reported many times throughout the last 12 months, 2015 was a very strong year in the housing market. After reflecting on 2015, FL Realtors President Matey Veissi states “Florida’s economy is in growth mode, more jobs are being created and mortgage interest rates remain at historically low levels which will continue to drive the state’s housing market in 2016.” Let’s see what else the 2015 FL housing market report says and the impressive numbers it contains. We are going to grade the major indicators we talk about and how we feel they did in the last year’s market. Total closed sales on existing homes is always a leading indicator for housing market experts. In 2015, there were 274,769 resale transactions! That is an increase of 12.4% from 2014, which is enormous. On the pricing side of resales, there was another sharp increas...