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Demand in Emerald Coast Housing

Posted on April 14, 2014

iStock Sold-webAs Emerald Coast real estate prices continue their 2013 gains into the first quarter of 2014, buyers have their eyes on interest rates as well. Most financial experts, by all accounts are expecting interest rates to rise modestly in the near future and more substantially in a few years. This mean buyers are looking to lock in low mortgage rates now and escape higher ones down the road.

This bodes well for property prices in Northwest Florida, which have been steadily rising. Building has also picked up, as the demand for new homes is increasing along with a large influx of people to the area. It seems that the word has gotten out about the area hotspots like Destin, South Walton and 30A. The laid back atmosphere coupled with fine dining and some of the world’s finest beaches have contributed to making this area one of the greatest places to live in the South.

Real estate buyers have cut down on the supply of new homes and while the construction is booming, developers have yet to build enough homes to satisfy the demand. Contact a RE/MAX Southern real estate agent today for more information about buying or selling on the Emerald Coast.

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