Housing Inventory Down 17%

The number of homes listed for sale at the end of 2012 stood at the lowest level in more than five years, a development that helps explain why home prices have rebounded so strongly over the past year.

Is Pensacola housing as cheap as it’ll ever get?

WASHINGTON-May 4, 2012- Homebuyers in Pensacola who want a bargain may want to act now because the housing market is in the midst of a turnaround, economists say.

Pensacola home prices have fallen and mortgage rates are hovering near record lows, pushing home affordability for the average family for record highs. Meanwhile, rents have been on the rise, making owning a home cheaper than renting in most areas of the country, according to recent surveys.