As the American Real Estate Market continues to improve, information about the home buying process is important in getting the best possible deal for your home purchase or home sale. A new buyer or seller sometimes may have outdated information about the real estate market which can hurt them on closing day.
As Julie Greenwood, Greater Albuquerque Association of Realtors President stated, " These numbers reflect a simple economic premise; when inventories get low, price starts to react". The February 2013 Market Report shows a February average sale price was $203,514 a month over month 9.38% increase from January 2013.
Cities that experience construction can expect to increase the number of jobs in the area but also create a sustainable community that encourages residents to think local. The NYC/NJ/PA area leads the way with about $17.2 billion dollars in construction costs in 2011. Texas and California lead the way, with each state having 3 cities in the top 20.
In 1900, Miami had a total popuation of 1,000 residents. Within one hundred years, Miami has blossomed into a gateway for Latin America and European visitors but also those that want to call South Florida home. Currently Miami has 2.5 million residents with high rise buildings filling the skyline but it hasn't always been that way. Miami Real Estate has changed and continues to be at the forefront of the American Real Estate market.