The rate dropped from 7.5 percent in March and 8.9 percent from last year at this time, according to data released this morning.
It will take less time for buyers to recoup closing costs in areas such as South Florida, where real estate prices are likely to rise the fastest.
A big player in downtown Miami development has solidified plans to build a major, privately financed convention center topped by a massive, 1,800-room hotel.
Coming next week to FloridaTrend.com:
- Space Coast Jobs - Pain Relief: Northrop Grumman is expanding in Melbourne.
- Tourism - Few subjects touch a nerve in Key West quite like cruise ships.
- Business Profile - Guide's app delivers news in a unique way.
Who Said That?