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Florida Gulf Coast Real Estate: Beneficial Market Forecast
Welcome back to my video blog. Today I'll be doing a short recap on the 2013 market and also looking ahead to 2014.
One of the best indicators that the National Association of Realtors uses to gauge how the market is doing is by analyzing the average sales price. In southwest Florida, the average home price for 2012-2013 went up by 13% to $298,842 dollars.
Interests rates are sitting right at 4.3% but they are expected to rise upwards of 1% which would bring us to 5.3% interest.
What this means: If you purchased a $250,000 dollar home, then your monthly payments will rise by $161.08 b! ...