Florida Real Estate market heating up

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Florida Real Estate market heating up

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Title: Florida Real Estate market heating up


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Florida Real Estate market heating up
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Florida 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.

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Florida 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.

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Florida 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.

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Florida 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.

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Florida 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.

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Florida 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.

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Florida 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.

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Florida 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!

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Florida 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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