GAINESVILLE, Fla., Dec. 3, 2012 /PRNewswire/ -- With historic low interest rates and low prices on new and existing homes, the housing market across the nation is bouncing back, and Gainesville's housing market is growing with it.
October sales of existing single-family homes in Gainesville grew nearly 30 percent over the same period in 2011, but new home sales are also on the rise according to Matt Thomas, owner of Thomas Group Realty.
"As the local economy continues to bounce back and consumer confidence continues to rise, we have seen more clients come to us looking to build, rather than find an existing home," Thomas said. "The contractors we work with, such as Innovative Home Builders of North Florida, have seen a lot more activity, especially compared to last year."
Home builders around the nation have seen similar trends. The National Association of Home Builders announced in November that contractor confidence in the market for newly built, single-family homes has risen to its highest level since May 2006.
Florida was hit especially hard by the housing market crash, with many cities among the worst vacancy rates in the country. However, as the local economy improves, Gainesville's housing market continues to recover.
About Thomas Group Realty: The Thomas Group is a boutique real estate agency founded in January 2012 comprised of the most seasoned Realtors® in the area. Thomas Group showcases the best homes for sale in Gainesville FL, bringing years of experience, professionalism and integrity to make sure customers are satisfied.
Media contact: Viki Caneva 1 877 352 6334 firstname.lastname@example.org
SOURCE Thomas Group Realty