Panama City Beach Properties for Sale

2014 Real Estate Trends Reviewed

Posted on by Southern

for saleThe 2014 year saw a steady build up of housing momentum in the Northwest Florida real estate market that is expected to carry over into the New Year, at least according to a report released by 

The strong outlook for 2015 is based on a few improvements, most significantly it is attributed to the state of the US economy and low mortgage rates. However, a strong housing recovery is dependent on more than those two factors. 

For success, the continuation of normal price appreciation, decline of distressed sales, and the end of major investors is needed in the 2015 year. With that in mind, there are still a few factors holding the recovery back. This includes tight credit standards, limited inventory and depressed first-time homebuyers. 

Are you interested in learning more about how these trends could affect your home sale in the coming year? Contact one of our Gulf Coast RE/MAX agents for more information. 

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