Forecasted Year-Over-Year Percent Change in Price – Manuel Barrios real Estate

Forecasted Year-Over-Year Percent Change in Price – Manuel Barrios real Estate


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Forecasted Year-Over-Year Percent Change in Price - Manuel Barrios real EstateNow is a great time to Sell or Buy a property! and in my blog, Manuel Barrios Real Estate I will tell you why:

The National Association of Realtors®️ (NAR) just revealed the annual percent Forecasted change in price for 2017, showing the State of Florida as number 1 in the East Coast, and number 3 in the country among the most profitable Real Estate Markets after California and Nevada.

Florida shows a solid 6.3% annual increase in the home value, making this a great opportunity for buyers to get a fast return on their investment, and seller to upgrade to a newer home while they qualify to buy with the new prices.

Other Florida homebuyers statistics reported by the NAR for 2017 are:

  • In Florida, 22% of all buyers were first-timers (Nationally, it was 34%)
  • 68% were married couples, 14% were single females, 9% single males, and 8% unmarried couples
  • 88% of recent Florida homebuyers identified as heterosexual, 4% as gay or lesbian and less than 1% as bisexual. The rest preferred not to answer.
  • 25% of buyers are veterans and 3% are active-duty service members in Florida. Nationally, only 18% of recent homebuyers were veterans.
  • At 26%, the primary reason for purchasing a home was the desire to own a home or their own.

According to this, more qualified first-time buyers are being approved to get a loan, more single females are making the decision to make the investment on their own, and veterans look to be attracted to the Sunshine State to retire.

Knowledge is power. The best professional is the one that is informed! Please contact me at your convenience to assist you on the sale of your house or to find the right one to buy.

Remember that you can keep updated with great real estate advices in my website Manuel Barrios Real Estate!

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