Escambia and Santa Rosa Residential Market Overview
Market Data Summary
1. The market is showing signs of stabilization and is being supported by historically low interest rates.
2. The Fed is expected to push mortgage rates even lower in 2012.
3. Prices could decline slightly in 2012 and may show some improvement in 2013.
4. Sales activity should gradually increase in 2012 and 2013 as affordability continues to improve and consumer confidence rises.
5. For continued improvement in the local real estate market we will need sustained economic growth and a decline in unemployment as lenders continue to reduce foreclosures and clear the market.
Should You Buy in 2012
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4 Tips to Determine How Much Mortgage You Can Afford
By knowing how much mortgage you can handle, you can ensure that home ownership will fit in your budget. Read
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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
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How to Assess the Real Cost of a Fixer-Upper House
When you buy a fixer-upper house, you can save a ton of money, or get yourself in a financial fix. Read
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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
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How to Use Comparable Sales to Price Your Home
Before you put your home up for sale, use the right comparable sales to find the perfect price. Read
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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
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Keep Your Home Sale from Falling Apart
After finding a buyer, all you have to do to make it to closing is to avoid these five traps. Read
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Copyright 2012 NATIONAL ASSOCIATION OF REALTORS®
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