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

Clay County has hired First Amendment lawyer Michael Kahn to rewrite an unconstitutional adult entertainment ordinance. The current ordinance bans adult entertainment businesses in the county.

Clay County Hires Lawyer to Rewrite Unconstitutional Adult Entertainment Ordinance

Clay County officials have hired a First Amendment lawyer to rewrite what they call an unconstitutional ordinance concerning adult entertainment businesses. The proposed ordinance would apply only to the county’s unincorporated areas, which make up over half the county.


round table

Alachua County To Mirror Innovation Hub

Innovation Hub has led to new businesses moving into the city.


Mike Myers

Gainesville Localities Plan Impending Move; Fire Station Draws Plans

Eight months after Gainesville’s City Commission purchased a chunk of land home to three businesses, the localities are discussing their impending move.


Jose “Pepe” Peruyero, owner and CEO of Pepedogs, enjoys training dogs in an agility course at J&K Canine Academy located in High Springs, Fla.

Dog Obedience Business in High Springs Expands to Four States

Pepedogs, a canine behavioral correction business that began nearly two decades ago in High Springs, is nationally expanding its brand and partner companies.


Gainesville Software Startup Competes for Innovation Prize

Gainesville-based Kinwa Inc.’s Bubble app is one of four final contestants in the Cade Museum for Creativity and Invention’s $50,000 contest.


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
Underwriting Payments