Florida Real Estate Market Beginning to Improve

Florida Real EstateState economists and local housing officials are heartened by what they see as signs that the housing market has stabilized and is expected to begin improving after 2012.

John Tuccillo, chief economist for Orlando-based Florida Realtors, said state median home sales across the state have increased 15 percent since January and home prices have increased 10 percent.

“I think we’ll see continual improvement through 2012,” Tuccillo said. “Once we get through 2012, we’ll see more rapid movement.” Locally, “Things are starting to turn around, and they have been for a number of months,” said Melanie Green, communications director for Jacksonville-based North East Florida Association of Realtors.

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Full Story from The St. Augustin Record

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