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

Charlie’s Snow Shack serves Hawaiian shaved ice out of a stationary food truck in northwest Gainesville. The food truck expanded from initially offering 18 flavors when it opened in 2012 to its current 32. Scott St. Lifer / WUFT News

Inexpensive Business Model Provides Success for Local Food Trucks

Off The Griddle is one of the food trucks in Gainesville that provide alternative dining options. Michael Musoke, owner of Off The Griddle, said the trucks cost between $20,000 to $100,000, which is less than it would to open and maintain a restaurant.


Florida Innovation Hub, located in downtown Gainesville. (photo by Samuel Navarro).

Gainesville Strives To Become Florida’s Technology Hub

Florida’s tax-friendly laws and Gainesville’s status as a college town makes it an attractive location for tech companies.


Kristen Hadeed, founder of Student Maid, and Rich Blaser, co-founder of Infinite Energy, explain how Josh impacted the start-up community in Gainesville. They were part of a group of young entrepreneurs in Gainesville who met monthly to discuss their work.

Memorial Held for Gainesville Entrepreneur

A memorial for Josh Greenberg, the co-founder of music streaming service Grooveshark, was held Friday evening at the Phillips Center. He was found dead in his home July 19.


Gainesville Regional Airport.

City Commission Passes Ordinance To Regulate Uber

In an effort to even the scales, the Gainesville City Commission voted Thursday afternoon to regulate app-based transportation services like Uber. The ordinance will hold them to standards similar to those of traditional taxi drivers.


Donni Young works behind the counter at Pearl Country Store and Barbecue. She said this summer is the best the Micanopy convenience store and restaurant has seen in her three years as manager of it. Photo by Nicole Gomez

Local Businesses Prepare To Fight Anticipated Summer Slump

As summer rolls around and students leave north central Florida, local businesses make plans to fight the economic slump. This year, however, has been better than previous ones.


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