The housing market in Florida has shown unexpected growth after a period of sluggish sales and declining prices. PulteGroup reported a 2% increase in net new orders last quarter, indicating a positive shift. Although the entry-level home market faces challenges, sales of move-up homes and active adult communities increased by 18% year over year. Inventory has stabilized, and price declines have slowed, suggesting an equilibrium might be approaching. Even with a median home list price drop of about 10% over two years, this could attract buyers back into the market.
PulteGroup reported a 2% increase in net new orders in Florida last quarter, signaling improvement in the state's housing market.
Sales of move-up homes and active adult communities have surged by 18% year over year, indicating a positive shift despite entry-level market challenges.
Florida's housing market is stabilizing with decreased inventory and a slowdown in price declines, suggesting potential equilibrium.
State median home list prices have decreased about 10% from two years ago, possibly enticing hesitant buyers back into the market.
Collection
[
|
...
]