Florida records strong May home sales

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Despite a record bull market over the past decade, the housing market in the U.S.. While a housing collapse ushered in the Great Recession of 2008 and 2009, most. expected this year might quash the appetite of prospective home buyers.

U.S. homebuyers haven’t been overly enthusiastic about jumping into the housing market – despite a strong U.S. economy. level in a month. Sales of single-family homes fell 7.8 percent -.

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Dr. Brad O’Connor is Florida Realtors’ chief economist. As chief economist, he oversees the Industry Data and Analysis department, which provides real estate statistics, trends and research that helps Realtor members better their business by the numbers and positions Florida Realtors as the voice for real estate in Florida.

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Closed sales of single-family homes statewide reached 23,013 in May, up 3.6% over the same period a year ago, the latest report from Florida Realtors said. May was a strong month for the state with.