Florida real estate predicted to stabilize; grow in 2012

English: This is a modern day picture of downt... Clear Capital, a California-based real estate research company, said in recent statement that it expects several Florida real estate markets to experience continued growth:

Miami and Tampa are projected to be among the five highest performing metros with 8.8% and 7.4% growth, respectively, and Jacksonville is forecasted to gain 4.3%, placing it at a respectable eighth among the top metro markets. The exceptional growth in these markets can be a result of several factors, including being hit especially hard in the downturn. While fighting back, they remain significantly off their highs of 2006. Other factors in play in these markets include large increases in the values of their lower priced homes (near double-digits for all markets) when compared to higher priced segments of the market, and a high percentage of all cash transactions (51.8%) when compared to other metros. This indicates a high degree of investor activity as they look for bargains in the region, driving up demand.

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Filed under Buyers, Florida Real estate, Foreclosures

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