As Snowbirds prepare to head south for the winter, U.S. housing affordability remains strong, and prices are expected to increase in Florida as well as other popular areas for vacation properties.
Overall, the prices of U.S. homes have soared 20 percent in the past two years, but are only about half way back to their peak in 2006.
With the American economy and employment gaining strength, home sales are expected to gain momentum, and look for prices to rise over time alongside growing family incomes.
Florida continues to be a hotspot - with Canadian snowbirds representing the largest foreign buyers of Florida housing. More than 500,000 Canadians currently own real estate in Florida.
Florida properties are said to be a bargain compared to real estate in Canada, with the median priced home in Florida is nearly half that in Canada.
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