WUFT News

Home sales, construction recovering from recession

By on March 27th, 2013

Alachua County home buyers and sellers are seeing home values slowly increasing at an estimated rate of 5 percent, causing a steady growth in the local real estate market.

“It’s all good in general for the whole economy, the whole cycle of real estate,” said Greta Rice, broker and sales manager for Town of Tioga.

Some buyers, such as in the Town of Tioga neighborhood, have already started taking advantage of low interest rates after a period of stagnancy from prospective buyers.

“A lot of people, because of the crisis, have held back from making decisions on their families. But the families still grow,” said Lucas Diaz, director of development for Town of Tioga.

Construction is also improving, which creates a positive cycle, benefiting other areas of real estate.

“Construction is getting to be the big thing now,” Rice said. “We’re glad, because if you see new construction popping up in the economy, or in our town, that new construction fuels all the different aspects of purchasing and selling.”

Diaz said the new construction combined with the low interest rates makes people feel like this is the right time to buy.

“It’s giving people a better feel that this is the right moment,” Diaz said.

Jensen Werley wrote this story online.


This entry was posted in Business and tagged , , , . Bookmark the permalink.
 

More Stories in Business

Cory Wise (left) and Courtney Buckley (right) work together to clean a residence. Wise and Buckley work for Student Maid, owned by Kristen Hadeed.

National Organizations Encourage Female Business Owners

What started out as a cleaning job to pay for a pair of jeans turned into a booming Gainesville business. Since then, business owner Kristen Hadeed’s cleaning company, Student Maid, has been successful and is growing daily.


First Magnitude Brewing Company in Gainesville fills growlers in the 32-ounce size (left) and the gallon size (right). A longstanding ban on the popular 64-ounce growler prevents Florida craft breweries from filling or selling containers of that size.

Florida’s Craft Beer Industry Sees Growth Despite Growler Ban

Florida brewers are thriving despite a controversial law that prohibits the sale of 64-ounce beer growlers. A lawsuit calling the limit unconstitutional could change all that.


The Blanche Hotel is proposed to undergo a $14 million renovation to bring more businesses to downtown Lake City.

Historic Lake City Hotel to Undergo $14 Million Renovation

A project to renovate the historic Blanche Hotel in downtown Lake City will soon be underway. Lake City Mayor Stephen Witt said he is hoping the renovations bring new allure to downtown Lake City.


A Season’s Waste Makes Wine

Island Grove LLC., a Hawthorne berry farm, made a partnership to found a winery that makes use of the berries left in the fields at the end of the season that would have been frozen or thrown away.


GRU

Gainesville Hires Third Party for GRU Audit, Examines GREC Contract

Gainesville Regional Utilities will be audited by a third party to investigate a 30-year contract between the company and the owners of a biomass plant.


Thank you for your support

WUFT depends on the support of our community — people like you — to help us continue to provide quality programming to North Central Florida.
Become a Sustainer
I want to support FM 89.1/NPR
I want to support Florida's 5/PBS
Donate a Vehicle
Day Sponsorship Payments
Underwriting Payments