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Area Info
Regional Economic Growth

Job Rich Region

Florida's Hot Job Market

Executive Employee Outlook

Top 15 Metro Area

Royal Highlands / Spring Hill

Hernando County

Central Florida

Citrus County

Tampa Bay Area

Southwest Florida

Fort Myers

Lehigh Acres


Additional Investment Info
The Baby Boomer Market

Boom in the Prices for Homes

Florida is #1 for Relocation
Florida has "The Triple Crown"



Royal Highlands / Spring Hill, Florida

Royal Highlands/Spring Hill is one of the fastest growing communities in one of the fastest growing counties in the nation. Royal Highlands/Spring Hill is a prosperous, family oriented community located along Florida's Nature Coast in Hernando County. Founded in 1967 by the Mackle brothers who came to Hernando County with dreams of a prosperous community, Royal Highlands/Spring Hill was planned to be the county's largest residential development. With a current population of approximately 152,000, it is projected to grow more than 200,000 over the next couple of years. While the county has had its share of difficulties accommodating the influx of northern transplants in the unincorporated community, Royal Highlands/Spring Hill's birth brought modernization of health care, education, transportation, commerce, fire protection and law enforcement. The community features a wide diversity of cultural events including local theater, art shows, an orchestra and fine cuisine.


Real Estate Market Summary for Spring Hill,
Hernando County, Florida

Report DateWinter 2006
Nearest Metro AreaTampa, FL
Buyer's or Seller's MarketAbout 50-50
Average Time On Market30-60 days
Market TrendIncreasing
Housing InventoryGood supply, all prices
Compared To Last YearUp from last year
Prices As % Of Asking Price95-100%
Multiple Offers?Yes
Greatest ActivitySingle-family homes
Housing Hot SpotsAll of Spring Hill, Weeki Wachee & Hernando Beach
Other CommentsAfter a great 2005 we are looking forward to an outstanding 2006

National Summary: Existing Home Sales in U.S. Set Record Again in 2005

Sales of existing single-family homes set a record for the fifth consecutive year in 2005 and are expected to be the second highest in history in 2006 even though a more balanced market between buyers and sellers is emerging in many metro areas in the U.S. Demand is being fueled by demand from both move-up/repeat buyers and first-time buyers taking advantage of historically low mortgage interest rates. A slowing building supply of unsold homes was expected to continue in 2006.

Record existing home sales of 7.2 million in 2005 were the highest in history because of continued strong market fundamentals. David Lereah, chief economist for the National Association of Realtors, expects 30-year fixed mortgage interest rates to rise to 6.6% in the second half of 2006.

Lereah says he sees no evidence of country-wide price bubbles and anticipates slower price appreciation in 2006. Source: HouseHunt.com



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