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Housing Slump Coming to an End

May 10th, 2013 by flanews

What was a buyers market for years is now starting to turn into a sellers market. Florida’s housing industry is seeing some of the highest numbers in more than 6 years.

Homeowner Diane Winzler spent the last five years waiting for the perfect time to sell her old house on Florida’s Gulf Coast. “I was expecting to wait months or maybe even years before it sold,” said Winzler.

The number of people buying houses is increasing and at a rapid pace. “We’re heading in the right direction and people are moving to the state and so they’re buying our houses,” said Governor Rick Scott.

The housing crisis is ending much faster than expected. Receipts from the state doc stamp tax have increased 36-percent from year to year.

A large part of that includes home sales and refinancing current mortgages.

“This is really good for the seller who’s seen a pretty tough market for 4 or 5 years,” said Florida Realtor’s John Sebree.

For Diane it took less than two months from listing her house to closing; and three weeks from closing to buying her new house.

“I couldn’t believe it,” she said.

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