According to real estate professionals, the Florida housing market is looking up! The Kelley A. Bergstrom Center for Real Estate Studies at the University of Florida reported an improved market outlook for the first quarter of 2012. The Survey of Emerging Market Conditions showed that increased optimism is most likely a result of the increased activity in lease signings and a falling unemployment rate. Since December 2011, the Florida unemployment rate dropped from 9.9 percent to 9 percent in March.
"Positive outlooks for occupancy and rent growth along with an improving employment trend are increasing our respondents’ optimism about the real estate markets in Florida," said Timothy S. Becker, director of the Bergstrom Center.
A gradually healing economy and better lending environment with banks has also led to the highest UF Commercial Real Estate Sentiment Index since 2007; this is the measure of real estate professionals' own business outlook. As the leading real estate company in Palm Beach, Delray Beach, Broward, Boca Raton and the St. Lucie Counties, Lang Realty has desirable real estate listings and knowledgeable, experienced real estate agents to meet all of your real estate needs. Contact Lang Realty at 866.733.2214 to learn more about properties and realty services.
Photo by Katy Warner