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Money and Markets: Investing Insights

Home sales signal upturn

Real estate agents say this is what a recovery feels like.

Sales of existing homes in Florida and the Tampa Bay area shot up more than 20 percent in March as homebuyers rushed to take advantage of soon-to-expire federal tax credits.

Data released Thursday by Florida Realtors shows 2,782 homes sold in March in the Tampa-St. Petersburg-Clearwater metro area.

That’s a 21 percent increase from the same period last year and more than double February’s yearly increase of 10 percent.

"People are starting to look at real estate as an investment again," said Denis Romero, an agent with Coldwell Banker in Palm Harbor.

To read the full article, click here …

Previous post: Housing Market Changes Open Surprising Pockets of Investment Value

Next post: Second Day of Optimism in Housing Market

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