Wall Street Journal: Winter-weary home buyers heading to Florida

The median home-sale price for single-family homes in Florida is $203,500. (Source: Wall Street Journal)

 

In terms of real estate, the winter of 2014-15 may be the best thing that ever happened…to Florida.

In June, sales of single-family homes were up 19.6% and condo sales 14.6% in Florida compared with a year ago, according to Florida Realtors, the state’s largest trade association for residential real-estate professionals.

Lenders say that many borrowers in Florida are retirees moving south or out-of-state residents buying vacation homes. But another big demographic is self-employed entrepreneurs..

For the complete story: http://www.wsj.com/articles/winter-weary-home-buyers-heading-to-florida-1439995994

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