2006: The Balanced Market

According to the Florida Association of REALTORS ® (FAR) the Florida housing market eased in November 2005, along with the markets in many other states.  Real estate analysts believe this shift is typical and is not an indicator of more serious market issues.  FAR states “Housing markets nationwide are starting to see a better balance between demand and supply…..placing homebuyers and sellers on a more even footing”.  The Florida real estate market saw a statewide median sales price of $250,000 in November, a 31% increase from November 2004.  Thirty-year fixed-rate mortgages averaged 6.33% in November 2005.

For more information about Florida mortgage products and services and real estate investment opportunities please contact our Breakwater Mortgage Loan Originator in Orlando Adam Wilkinson at 407-702-4034 or adam@breakwatermortgage.com. For local real estate news visit http://fl.living.net/.