In January 2012, I provided data showing improvement in the real estate market in the Cape Coral – Fort Myers, Florida area. There is even more positive news.
The News Press reports that Cape Coral – Fort Myers is 10th on a list of 101 housing markets showing improvement, according to an index released April 5, 2012 by the National Association of Home Builders. To obtain this rating, improvement in housing permits, employment and house prices for at least six months was required.
The good news does not stop there. Cape Coral – Fort Myers ranked 33rd in the Census Bureau’s list of the top 50 fastest growing statistical areas.
This is additional evidence that the real estate market in Cape Coral – Fort Myers is improving. As many of us have said recently, this area was the first to be burdened with a high rate of foreclosures when the real estate market declined. Now, this area is one of the first to see improvement in the real estate market and economy.