After a not so hot April that saw a significant drop in year-over-year sales of single family homes and condo townhomes, Florida appears poised for a major comeback. For the 100th straight month, the median sales price across the state saw increases for single-family homes as well as condo-townhouse properties year-over-year: six percent to $275,000 for single-family existing homes and just over 7 percent to $209,000 for condo-townhouses.
Despite the impermanent cessation of open houses and the strong emphasis on 3D tours instead of in-person inspections, there are several deals coming in on properties simply because it is insufficient to purchase and certain people who choose to purchase would rather stay away from renting, according to the source article.
If you need quick money for a real estate purchase, please do not hesitate to get in touch with us. Monroe Funding Corporation offers fast approval and there are no credit check hoops to go through like a traditional lender.
To read more about the Florida housing market, please visit https://www.housingwire.com/articles/florida-housing-market-poised-for-growth-after-dismal-april/.
This update is by hard money loans Miami company Monroe Funding Corporation, a direct equity lender serving clients throughout Central and South Florida. We specialize in first mortgages on non-owner occupied residential and commercial property investments as well as real estate loan options. Our fast and flexible loan programs get you to the closing table quickly and professionally. For more information on hard money lenders Palm Beach or Orlando hard money lending, please call 954-816-0388 or fill out our application.