According to a recent study by the University of Central Florida, Florida's economy is expected to grow 2.9% this year. However, real estate values will continue to remain depressed. What does that mean for any buyers out there? That there are still deals to be had, but buyers should take advantage of them now before prices begin to trend upward. With the economy improving, an increase is real estate prices is coming, though it will lag behind an economic recovery.
Although prices statewide are not expected to rise this year, there have been recent reports that homes in Baldwin Park have begun to appreciate. So if you are thinking of buying, there are some excellent deals that will likely begin to appreciate next year!
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