Florida housing market settles into “new normal”

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Cincinnati’s housing market was the local economy’s hardest hit sector during the recession, said Janet Harrah, senior director of the Center for Economic Analysis and Development at Northern Kentucky University. Its recovery has been slower than expected as the region suffered from.

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Florida on the other hand is a buyers market currently, but may soon become a sellers market as competition continues to come to the state for Homes are receiving multiple offers well above the asking price as contractors and firms plan to plow down the walls and build the lot into a new house.

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Since coming off the boom of the mid-2000s, housing market activity appears to have settled into a "new normal". So says Steven Barker, head of home loans at Standard Bank who notes that while building activity has slowed compared to levels seen in the mid-2000s.

The housing market’s new normal? 2 things will have to change if we want the old market back again. July 23, 2014. Brena swanson.. florida housing market settles into "new normal".

Unity Marketing just released a new report for real-estate professionals catering to the ‘carriage trade’ to capture what will be an increasingly Yes, there was a rebound from 2012-2013, but the high-end real estate market, with few regional exceptions, looks to be settling down into a ‘new normal.’

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Home prices and sales continue to increase across South Florida, but the gains are becoming more modest as housing markets settle into "the old normal. That’s cooling off the market and offering.