2014 Real Estate RecapPosted on 01/18/15
Heading into the New Year, we like to look at past Northwest Florida real estate market trends that could impact the future recovery of the housing market.
Over the 2014 year, we saw a steady build-up of housing momentum that we would like to see carry over into 2015, but this is dependent on a few things.
First, the economy must continue to improve. 2014 picked up steam in the spring and has continued to gain strength. This helps indicate improved levels of consumer confidence and could result positively in the housing market.
Other things that must carry over include lower-than-average mortgage rates and normal price appreciation. According to Realtor.com, 2014 saw an increase of moderated prices, more consistent with long-term historical performance which shows great strides in the housing recovery.
Though the outlook for 2014 is strong, we still have a ways to go back to normality. For more information on how these trends could affect your future home sale or purchase plans, contact one of our Gulf Coast real estate agents today.