Just read an exciting article in the Tampa Business Journal. Here are the highlights:
1. Single-family home prices seem to be stabilizing in the Tampa Bay market.
2. The median sales price of homes in the Tampa has increased to $129,300.
3. In the first quarter of 2009, sales of single-family homes increased 15 percent in Tampa.
4. According to Timothy Becker, the director of UF’s Bergstrom Center for Real Estate Studies, results are indicating that the real estate market in Florida has finally hit bottom and better yet, is in the process of stabilizing.
This is good news.
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