Florida Real Estate and Title Insurance Market Booms Providing Record Month Across Board

Providing a win/win for everyone concerned the Florida real estate market had a very welcomed record month of increase in April and May 2013.

Fort Lauderdale, FL, June 12, 2013 --(PR.com)-- Showing strong gains sources say Florida’s housing market reported more closed sales, rising median prices and an increase in pending sales over the previous year. Much to the encouragement of both analysts and professionals in the field more home listings, coupled with a lower inventory of homes for sale, are reason to look ahead to an ever increasing healthy market. “With buyer demands rising and the availability of homes declining, that puts pressure on upwardly moving prices. Simply stated, that’s when we see an increase in housing prices,” says Kevin Tacher, Founder and CEO of Independence Title, Inc. located in Fort Lauderdale, Florida.

Sources report that April is the sixteenth month in a row that Florida has seen the statewide median sales prices increase for both townhouse and condo properties as well as single-family dwellings. Receiving over ninety-three percent of their original listing price for both types of properties Realtors say it’s an exceptional time for sellers to take the leap who have been eagerly awaiting a good time to sell their home. They can surely take heart as Florida’s single-family homes in April were at an encouraging average list price of $165,000. This exceptional price is up 14.2 percent over 2012.

“Our business has steadily increased since the beginning of the year however; we’ve started to see more traffic into our title insurance and real estate closing office. People are always eager to complete their title insurance needs and get moved into their new home. And, our Independence Title staff is always eager to help them. Even with our increased business in April and May we can only look forward to more,” added Tacher.

According to the Florida Realtors Industry Data and Analysis Department in partnership with local Realtor boards and associations closed sales of existing single-family homes totaled 20,662 in the record month. Compared to 2012, this statewide increase is up 17.4 percent. Dually, the sales comparison for townhouses and condos - a total of 11,183 units sold in Florida in April - is up 13.6 percent. “To our knowledge even pending sales are increased as well as statewide median prices. But what isn’t increased is the interest rate. Good news all around we’d say,” said Tacher.

Title Insurance is a form of indemnity insurance that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. It is meant to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens or other matters.

Founded several years ago by Amazon.com Best-Selling Author Kevin Tacher, Independence Title Inc. is located in Fort Lauderdale, Florida. They are one of South Florida’s fasting growing Title Insurance Agencies. Independence Title is locally owned and managed. They provide their team of title professionals with state of the art technology, mobile applications and continued training. Together with support of the top underwriters in the title insurance industry, they have the expertise to complete real estate transactions with the highest level of efficiency and client service. They can be reached at 954-335-9305 or online at http://www.titlerate.com
Independence Title
Kevin Tacher
954 335 9305
Independence Title
OakTree Executive Building
2201 West Prospect Road, Suite 200
Fort Lauderdale, Florida 33309