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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