Lisa Barton

Just read an exciting article about improvements in the the Jacksonville real estate market. According to the National Association of Home Builders/First American Improving Markets Index (IMI), the number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metro areas. The IMI now shows 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at least one entry.

In Florida, three cities made it onto IMI’s improved list: Jacksonville, Cape Coral and Punta Gorda.

“The fact that the list of improving housing markets nearly doubled this month shows that a significant, positive trend is developing, and is even more relevant when you consider the expanding geographic distribution of the list – which now includes 31 states and the District of Columbia,” says NAHB Chairman Bob Nielsen. “This trend could be even stronger if not for the numerous impediments that continue to slow a housing and economic recovery, including overly restrictive lending policies and the growing inventory of distressed properties in certain markets.”

To read the entire article click here.