Single-family home sales increase steadily - 2004-02-15
That loud explosion you heard during 2003 likely came from local real estate offices. Also fueling last year's buying binge were low mortgage interest rates.
"They start as low as 1.25 percent . . . lowest I've ever seen," said Clay Heitler, owner of Affordable Home Mortgage Inc., which does business in Hernando and Pasco counties. "These low rates are keeping people buying houses and spending more money than they can usually afford."
Read the full story at St. Petersburg Times