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Existing home sales rose 2.3 percent last month, with sales rising to a seasonally adjusted annual rate of to 4.47 million units, up from 4.37 million units in June, the National Association of Realtors said Wednesday . That was just below analysts' expectations of a 4.52 million-unit rate. Sales were 10.4 percent above the 4.05 million-unit pace in July 2011. 

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Tampa Bay home sales and prices continued to climb last month, revealing hints of a housing recovery gaining steam statewide. 

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Florida is believed to be the first in the nation to get its own home sales price index, a labor of love for the state real estate group’s chief economist and a more accurate measure of property values in the recovering market. 

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Home construction is making a long-awaited recovery that could help energize the U.S. economy. 

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Shawn Merritt liked the idea of a newly built home. No repairs. Less hassle. Better energy efficiency. And, as he found out, the price is right, too. "It feels like a dream," he said. "It's the first home I've ever bought. It was the right time to buy." Thousands of new home buyers in the United States would agree.

In Tampa Bay, housing and mortgage experts say new home sales are being driven by people like Merritt in their 20s and early 30s, and baby boomers once again flocking to Florida for retirement after a significant slowdown brought on by the Great Recession. New home starts jumped nearly 27 percent in the first quarter in the bay area. Another boost to the new home market: Buyers who lost homes in the first foreclosure wave four or five years ago are looking to buy again after mending their credit ratings and renting for several years. Builders are counting on a steady flow of first-time buyers, especially people born after 1980, experts say. "We expect to see a big demand moving forward," said Tony Polito of Tampa's Metrostudy, a national company that tracks the construction industry. "We expect first-time buyers to be a growing portion of the market." 

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New Pioneer Homes   (Single-Family, Villa, or Townhome)

Top Ten Advantages  

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As Florida’s high-velocity wind zone continues to move further inland, Pioneer has been proactive by installing impact-resistant windows and doors in all of our new home construction. As opposed to the minimum building code alternative requiring the homeowner to store and install plywood, panels or shutters, Pioneer gives 24-hour hurricane protection without the hassle. 

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Say you’re out shopping for your new home and BAM you find the home of your dreams. Do NOT run straight to your broker and apply without taking these important things into consideration first. 

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Pioneer homes has proven to be part of the upward trend happening in ;the housing market. This year Pioneer ;Homes has built 7 new homes and spring has just begun! 

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Buying is more affordable than renting in 98 out of the nation's 100 largest metropolitan areas -- even in New York, Los Angeles and Boston, according to real estate company Trulia's rent vs. buy index. 

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