Home price spikes in Las Vegas, Phoenix and other parts out west got most of the pub this year, but Florida’s housing market will jump back into the national eye in 2014, according to the Home Buying Institute. Housing inventory is dropping sharply in some of Florida’s major cities. In Naples, for example, the total number of property listings on Realtor.com dropped by nearly 22% over the last year or so. Inventory is also declining in Fort Lauderdale, West Palm Beach, Daytona Beach, and other cities. At the same time, housing demand is rising across the state, partly due to job gains and other economic improvements. It will be a market to watch in 2014. [Read this article]
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