20% of Florida Home Shoppers Could Enter the Market Soon

CHICAGO – July 30, 2014 – A conducted by Pollara survey and released by BMO Harris Bank found that 68% of Florida homeowners believe the value of their home will go up over the next 12 months, and 13% expect the value of their home to go down.

Over the past year, 61% of Floridians felt their home's value had increased, and 24% thought it had gone down.

"Market prices overall continue to indicate that we are in a recovery, and this was reflected in our survey results with buyer optimism," says Sheila Blom, head of Florida mortgage sales for BMO Harris Bank. "We've seen this reinforced by an increase in home buying activity this year."

Florida homebuyers
30% of those planning to buy say market activity caused them to delay a purchase. 20% say current market activity will likely cause them to buy a new home sooner than they otherwise would.

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