While the US as a whole has failed to fulfil expectations this year, the Florida economy has surged ahead both in economic growth and job creation. Analysts believe this tendency is set to continue throughout 2017, an opinion reflected in the very positive potential seen by local businesses in Florida.
One of the defining characteristics of the current Florida property market is the shortfall in inventory levels. Despite an uptick in construction activity this year, demand continues to outstrip supply of new-build properties in Florida with a particularly high deficit in the Southwest.
The rate for foreclosure properties in the US fell to its lowest rate for nine years in July, according to the latest report from CoreLogic.
Florida has long been a favourite retirement spot, but a recent survey has confirmed its popularity. So much so that when it comes to the best place to retire in the US, Florida cities dominate the ratings.
Financial instability and political uncertainty in their home countries have led many foreigners to regard the US property market as a safe haven for their investment. The amount invested in properties in the US between April last year and March this year is the second highest since 2009 with big interest from Chinese and British buyers.
With Florida motoring ahead of the US economy, it’s obvious that the Sunshine State has left the recession well behind. And within Florida, the Tampa-St Petersburg-Clearwater MSA stands out for exceptionally positive figures. As a result, the Tampa Bay property market hasn’t had it so good for years.
A recent report from Freddie Mac finds that the Orlando property market is the fastest growing in the US and has a stable outlook for growth. This BRIC Group news article explores the reasons behind the surge in the market and explains how it’s part of a bigger picture of the improving property market in Florida generally.
The market for Florida property is already hot, but a recent report reveals that the influx in the region of buyers from the baby boomer generation looks likely to rise the temperature even higher. This latest BRIC Group article explains why.
The market for Southwest Florida property is registering record performance. The highest number of new-build starts and completions since 2006, alongside the significant percentage of cash sales and strong increases in median house prices make Southwest Florida one of the current hot spot areas in the state.
Florida property entered its 51st consecutive month of price rises in February with increases in the price tags for both single family homes and townhouse-condo properties across the state. Sales prices are also gradually reaching a par with asking prices, proving that the market remains very much in the hands of sellers. This BRIC Group news piece provides the details.
Florida property dominates the 20 best places to invest this year according to the Forbes 2016 Best Buy Cities. The economic recovery, strong population and job growth, and prices still below value all bring Florida to the top of the 2016 US property investment list. Here, BRIC Group details why Forbes believes the Sunshine State represents excellent investment value and where the Florida property hotspots are.
The Florida economy experienced an excellent 2015 and all predictions point to a very sunny year over the next 12 months. As this BRIC Group news article reports, economic growth and job creation in tandem with a recovered property market and increased wealth mean residents in Florida will have plenty to celebrate in 2016.
Southwest Florida is experiencing a boom on all fronts – thousands of jobs are being created, tourists are flocking to the area and property prices are seeing double-digit rises. Analysts point to an excellent 2016 for this part of Florida, as this latest BRIC Group news article explains.
2016 looks set to be a key year for Tampa property after a big increase in interest from both American and foreign buyers. Reasons behind Tampa’s rising popularity include more direct flights, better prices for property and the area’s high standard of living. This latest news article from BRIC Group explains why the spotlight is currently shining on property in Tampa.
As well as its year-round sunshine, theme parks and long beaches, Florida is famous for its favourable business climate. In this year’s ranking, the Sunshine State rises from fifth to fourth position to become one of the top five best proving that the Florida Business Climate stands out among the rest.
The Florida property market continued its path to full recovery during the third quarter of this year. Sales and median prices rose across the board while inventory listings and supply fell, indicating the new property reality – Florida is moving towards a seller’s market.
