In its U.S. economic and housing market outlook for 2019, CoreLogic economists forecast growth in home prices to drop by one percentage point as higher interest rates impact the mortgage market, homeowners have an incentive to retain their current low-rate mortgages and new listings.
But Florida’s housing market is projected to do very well next year, market researcher and analyst Gord Collins wrote in his “Florida Housing Forecast 2019.” He reported that the Tampa/Sarasota housing market is “hot.”
Homes at two of the country’s top-selling master-planned communities prove that. Both Lakewood Ranch (No. 2) and West Villages (No. 5) surpassed 2017′s record sales marks weeks ago.
“The good news is that our inventories and pricing are staying in check, unlike other markets who are grappling with low inventories and mounting price pressures,” said Laura Cole, vice president of marketing for Lakewood Ranch developer Schroeder-Manatee Ranch.