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FL Home Sales Buck National Trend

March 24th, 2010 by flanews

National home sale rates have plummeted even further, but Florida is bucking the national trend. New data from the Commerce Department shows national sales down more than two percent. But Florida home sales have been up every month for the past year and a half. John Sebree, with the Florida Association of Realtors, says many Floridians are taking advantage of low housing prices, with a median home price at just 131 thousand dollars.

People can feel good about the fact that they have a tax credit to take advantage of if they sign on the dotted line and theyre under contract by the end of April. We also have historically low interest rates. Interest rates are lower today than they were a year ago but they wont stay there forever, said Sebree.

Many new homeowners are taking advantage of the federal tax credits for buying a new home. Sebree expects another surge in buying before those credits expire in April.

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