Title: Florida Real Estate market heating up
1Florida Real Estate market heating up
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3Florida Real Estate market heating up
- Investing in real estate market can deliver
interesting yield, but also having a risk. - When analyzing the next spot to look for an
investment property, its important to consider
economic trends, like business growth, new
building permits and GDP and so on.
4Florida Real Estate market heating up
- Real Estate investment in Florida remains always
attractive for foreign real estate investors.
Florida continued its positive trend in the
second half of 2017 with more closed sale. - Floridas economy and jobs vision continued to
improve in following year. State officials
believe that among all states, Florida had the
third-fastest annual private-sector job growth
rate.
5Florida Real Estate market heating up
- Meanwhile, Floridas unemployment rate was 4.1
percent in June, better than the USA unemployment
rate of 4.4 percent. - Based on the Bureau of Labor Statistics,
indicating that Florida is more than a
destination state, these positive economic
factors move Floridas real estate market forward.
6Florida Real Estate market heating up
- The overall cost of Real Estate investment in
Florida especially South Florida continues to
grow, according to surveys, reflecting sales
prices in the first half of 2017. But prices
change considerably by area. - Condos, single-family homes costing more than 1
million have seen an increase in supply. This
rise in supply and slowing sales allow
prospective homeowners enough time to find the
property they are searching for, as well as
number of options in the neighborhood.
7Florida Real Estate market heating up
- In contrast, lower-priced properties in the
Miami-Dade market are showing similar trends of
increased supply and lower rates of purchase, but
have less supply in general. - The supply for single-family homes is around six
months and supply for condos is approximately 14
months.
8Florida Real Estate market heating up
- The Broward housing market shows an opposite
trend, as housing supply is slightly decreasing
and the trend of sales has increased in the last
few years. - To sum up, the current trends of condo and
housing are showing general trends that favor
those interested in buying a property in Florida.
- Supply is increasing, notably among higher-priced
homes, and average prices are falling.
Lower-priced properties bear the same effects,
although less supply means it may be tougher to
find the right house or price that you are
looking for.
9Florida Real Estate market heating up
- As an investor who look for buying a property in
Florida you may ask, whats happening in
Floridas housing market? Real estate is a vital
part of the economy in the Sunshine State. - You can trace these index before making an
investment decision using forecast models. You
can track relevant market data as it relates to
an investment value.
10Florida Real Estate market heating up
- Real estate investors and developers use forecast
models to decide what markets to focus on. They
can also be used to track future markets, so you
can get an idea on the next attractive real
estate market!
11Florida Real Estate market heating up
Get in touch with Realty Services Florida today
for buying or selling your property in Florida.
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