JUPITER, FL (PRWEB) April 27, 2013
The most recent S&P Case-Shiller index report is out, and with much fanfare, as it states the nation has realized its largest annual price gain since June of 2006.
The S&P Case-Shiller index report is the tracking device for 20 of the United States’ primary markets and a much-watched barometer. David Blitzer of S&P Dow Jones Indices said the 8.1-percent rise in home prices in January, the latest month for which figures are available, represents a major turning point since the fallout from the housing-industry bust.
Agents and sales specialists at Waterfront Properties and Club Communities have watched the market improve since the beginning of 2013, resulting in consumer confidence, new construction, higher employment, lower-than-usual inventories and health competition in bidding. All of those elements are making South Florida real estate robust again.
According to a government report issued in March, a total of 411,000 new homes were sold between February of 2012 and February of 2013 – a 12-percent increase. The report further states the average price of a new home sold that month was $246,800 – a three-percent increase from last year.
Joseph LaVorgna, of Deutsche Bank, predicts a strong and steady surge in new-home sales for the rest of 2013.
The Miami market, which includes homes for sale in Jupiter, Palm Beach Gardens and other Waterfront Properties and Club Communities’ territories, is faring well in the uptick, with home-price gains of more than 10 percent, the S&P Case-Shiller index report says.
Waterfront Properties and Club Communities Managing Partner Rob Thomson, an expert in the brokerage business, said there remains a lot of resilience and forward motion in the current housing market.
Jim Baird, of Plante Moran Financial Advisors, agreed the market is healing and returning to normalization, and Lesley Deutch, of John Burns Real Estate Consulting, recently was quoted as saying the Florida real-estate market is on fire.
For information about Waterfront Properties and Club Communities, call 561-746-7272.