Florida housing making a comeback

According to a report from the National Association of Realtors, sales of existing homes for the first quarter rose 13 percent in Florida.

TheMoveChannel.com reported 61 percent more inquiries for properties in Florida in June 2011 compared to June 2010. And the Mayor of Orlando announced that in 2010 Orlando attracted 51.45 million tourists, which beat New York as the most visited place in the United States.

According to the International Business Times, because the tourism market is still growing, the surrounding property sales should continue to rise as buyer confidence strengthens.

The May 2011 Re/MAX National Housing Report found a 3.7 percent increase in home prices from April to May, suggesting an improving market. The report found financing requirements, poor appraisals, unemployment and lack of consumer confidence continuing to hold back the housing market's recovery.

RE/MAX CEO Margaret Kelly thinks the recent home sales activity is in line with expected seasonal trends.

"It's a very good sign that prices are starting to rise on a monthly basis," Kelly said. "This may indicate that we've turned the corner and are headed in a positive direction." 

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