A recent report from real estate provider CoreLogic showed that US home prices rose 5.5 percent this past November, compared to last year’s average value. This trend is expected to continue into 2015, which will leave many buyers priced out of the market in the new year. With the housing market regaining strength this trend is not too surprising, however for those considering purchasing a home now is the time as home values are only going to increase from here during the next few months. Over the next year CoreLogic predicted that the average price of a home would increase 4.6 percent, as the result of multiple factors such as lower oil prices (which opens up more income for potential buyers) and a more energetic market. However prospective home purchasers in Florida will be pleased to know that we are not among the states with the highest annual gains in real estate prices, with Texas, Colorado and North Dakota leading the pack. Generally speaking, 2015 is anticipated to bring a subtle increase in the average price of a home across the country, making now the perfect time to jump on that property you have been eyeing before the cost goes up.
With affordable luxury real estate properties popping up for sale across South Florida why not invest in one of the many amazing commercial or residential spaces on the market today? Here you can have it all, from unique culture and exotic cuisine to peaceful seclusion and white sand beaches, and with prices on the rise now is the perfect time to own a part of it before they are all gone. If you would like to know more about properties currently on the market then contact a RE/MAX agent!