The Orlando property market continues full-steam ahead with single family homes and foreclosures at the helm in price increases. The surge in activity and prices has prompted property professionals to predict that now is the time to buy.
Not only has Florida left the recession well behind, the Sunshine State can look forward to strong economic growth and job creation at least until 2017. These excellent forecasts are also good news for the Florida property market, predicted to keep pace with the growing economy.
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.
It’s Florida’s largest city and one of the fastest growing in the southeast region of the US. With a booming employment market and low inflation, Jacksonville currently shines as one of Florida’s economic beacons. In turn, this buoyancy is boosting the Jacksonville property market, expected to expand considerably over the next few years.
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.
Getting around Central Florida has recently got much easier with the new SunRail train service. When the second phase is completed, the railway will cover over 60 miles between Volusia County and Osceola County, creating thousands of new jobs and opening up further opportunities in the Florida property market.
Florida property remains one of the highlights on the international real estate map with the last year seeing marked increases in both total investment and number of sales. Orlando and Tampa are market leaders when it comes to location and the Canadian and British rank as top buyers.
Florida has just announced record figures for tourism in the spring period this year. July statistics have also posted excellent results and consequently, the Sunshine State looks well on track for its target of 100 million visitors this year.
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.
According to a new report, Florida’s popularity with foreign buyers continues. Not only do these purchases bring multiple benefits to the Florida community, they also represent an important part of the local economy. Furthermore, experts believe that 60,000 more homes will be bought by foreigners between now and 2016.
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.
The Sunshine State lived up to its name during the first quarter of this year and more than reaped the rewards in terms of tourism. Florida’s warm and sunny weather from January to March drew record numbers of visitors to the state, which is well on track to achieving its aim of attracting over 100 million tourists by December.
The state of Florida is leading the way for the US employment market in 2014. Recent figures show that job creation in this part of the country is the highest in the nation. They also reflect the current positive state of the economy in Florida.
