Friday, May 09, 2008

According to Realty Times, Florida real estate experts say the state's housing market is showing signs of recovery, despite falling residential prices and rising foreclosures and short sales. They note that inventory is expanding at slower rates, and home sales are on the rise in some markets. The Realtor Association of Greater Fort Myers, for instance, reports an 85-percent surge in pending single-family home sales in its area during the past 10 weeks. Meanwhile, pending sales jumped 65 percent in February from January in Fort Lauderdale, and 30 percent in March from the prior month in Palm Beach County.Source: Realty Times (05/09/08) Carr, M. Anthony © Copyright 2008 INFORMATION, INC. Bethesda, MD (301) 215-4688

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