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July Home Sales On The Rise

Florida’s housing market is growing stronger. A recent report released by the Florida Realtors show the sales of existing homes is up by almost 10-percent in July compared to a year ago.

Florida Realtors President Summer Greene says she’s seeing a trend across the state indicating the housing market has not only stabilized, but it’s also gaining ground. She says home prices are rising in many markets even with 33-percent drop in homes up for sale in July from a year ago. She says that means the demand is growing.

“People are getting off the sidelines and they’re recognizing that ‘hey, if I don’t buy a home now, I’m missing out! Interests are going to start creeping out, I won’t be able to take advantage of the historically low interests rates, and the prices are going to bump on me,’" remarked Greene. "So, that’s also driving more people into the market to purchase a home.”

Greene says the report also finds improvements in the median sales price of $148,000, which is up about 8-percent from a year ago.

Sascha Cordner has more than ten years of public radio experience. It includes working at NPR member station WUFT-FM in Gainesville for several years. She's worked in both radio and TV, serving in various capacities as a reporter, producer and anchor. She's also a graduate of the University of Florida with a bachelor's degree in telecommunications. She is the recipient of 15 awards from the Associated Press, Society of Professional Journalists (SPJ), and Edward R. Murrow. Her award-winning stories include her coverage on the infamous “Dozier School for Boys” and a feature titled "Male Breast Cancer: Lost in the Sea of Pink." Currently, Sascha serves as the host and producer of local and state news content for the afternoon news program "All Things Considered" at WFSU. Sascha primarily covers criminal justice and social services issues. When she's not reporting, Sascha likes catching up on her favorite TV shows, singing and reading. Follow Sascha Cordner on Twitter:@SaschaCordner.