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Private Equity Guru Discusses Housing Boom Impact

MIAMI—Stephen Hagenbuckle, founder of the real estate private equity firm TerraCap Partners, tells GlobeSt.com's Jennifer LeClaire how he sees the housing boom impacting the commercial real estate market in the days ahead.

By Jennifer LeClaire | Updated on December 21, 2012

MIAMI—Closed sales. Pending sales. Median prices. Average prices. All metrics rose in Florida’s housing market in November. At the same time, inventory of homes and condos for sale shrunk. So say the latest housing data released by Florida Realtors.

“The sizzle is back,” says Summer Greene, 2012 Florida Realtors president, describing the state of Florida’s real estate market. “With home sales strongly trending up and the supply of homes for sale drying up, the market is hot. And we expect these trends to continue into 2013 with the jobs market improving, low mortgage rates continuing and consumer confidence getting stronger.”

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