The two states of Texas and Florida dominate the Forbes Where to invest in 2015 list with Houston and Orlando property featuring in the top five. The two cities stand out for their high population growth, strong job creation and undervalued property prices. As a result, Houston and Orlando are “safe bets to invest”, for both first-time buyers and buy-to-let investors.
November foreclosure statistics return Florida to the country’s number one position, although year-on-year activity has dropped markedly. Mortgage default figures also point to a decrease in a market where obtaining a mortgage for property in Florida remains a challenge.
The latest polls on consumer confidence and the affordability of property in Florida show mixed results. With the improvements in economic conditions Floridians are spending more, but the widening gap between wages and house prices moves homeownership further out of reach making property rental the most affordable option.
Figures for the Florida property market in October show yet another rise in sales of single family homes and condos, and average selling prices. Based on the latest statistics, analysts believe the housing market is moving in the right direction with many local agents claiming that now is the time to buy.
September figures for property in Florida show a steadily-growing market with some of the best all-round investment potential in the US, both for rental returns and capital growth. Stability and consistent growth now characterise the Florida property market, two qualities that feature on any investment potential lists.
Figures just released by Florida Realtors show healthy gains in the property market during the second quarter of this year throughout the state. Sales, median prices and new listings all rose, both in single family homes and condo properties, and with Florida economy and employment both buoyant, this situation looks set to continue.
Florida has long been a favourite with investors in US property who are consistently drawn to the state’s year-round pleasant climate, stunning coastline and affordable prices. Recent research consolidates Florida’s position as one of the best places in the US to buy beach property.
Recently-released figures show that the Florida property market has got off to an excellent start this spring. The combination of higher average prices and more new listings in April confirm the upward trend in the housing market.
Investors are having a ball in Florida at the moment as property sales and prices continue to skyrocket. Real estate values in Florida are rising faster than the national average, attracting investors and buyers from all over the USA and abroad.