Sunday, August 20, 2006

 

How the US Housing Market Will Affect Cape Coral Florida Real Estate

Figures released by US Dept of Commerce earlier this year
could spell great news for you if you're a Cape Coral
real estate owner.

Here’s what we find:

1) New US Housing Starts sit @ 1,960,000.

That is down 7.8% from Feb. but up 6.9% from March 2005

2) US Housing Permits sit @ 2,059,000

That is down 5.5% from Feb. but up 1.9% from March 2005

This is great news!!

For one, we still are seeing strong surges in record home
starts and sales for the past six years.

Despite what the doomsday media is putting out on possible
bubbles, and the occassional regional pullback in some parts
of the country, the US Housing market continues to rise
nationwide.

Here is also something of interest - sales in the West have
fallen 15% over the first three months of this year versus
the same time last year.

Cape Coral Florida real estate continues to surge ahead strong.
In fact, many development projects (residential and mixed use)
are breaking ground, and population has risen from 132,000
two years ago, to over 155,000 residents today.

If you haven’t yet, then now is the time to buy some of that
good ‘ol Florida real estate down in Cape Coral.

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