Florida continues to dominate US foreclosure listings, topping the rankings for both activity and number of properties. However, improved conditions in the Florida property market are starting to make their mark on foreclosures where properties are no longer well below market price or as plentiful.
Buy-to-let properties in the US continue to provide excellent returns for investors with the highest growth in rent for six years. Among the areas in the US showing the highest returns are three Florida cities with Orlando rentals seeing the biggest rise nationally.
A recent survey of the huge millennial generation in the US (Americans born between the 1980’s and 2000’s) reveals that the majority prefer rental property and aren’t ready to buy a home yet. Millennials also state a strong preference for neighbourhoods with easy access to amenities and claim they’re highly mobile. Single family homes make up a significant proportion of millennial rentals, highlighting the investment opportunities in this type of US property.
Spring usually sees the busiest time in the property year and the US market is no exception. As the country’s economy moves firmly forward and creates employment opportunities, US property follows suit. Activity levels are so high in some parts of the US that some experts are predicting the best spring since pre-crisis years because of these five trends.
Property in Jacksonville in Florida has been ranked by JWD Group as the best in the US for investment this year. The city’s combination of advantageous price-to-rent ratios, a strong economy and good potential for property appreciation takes it to the top of the list for best investments.
The combination of more people looking for a home and higher property prices is putting strong pressure on the US rental market. As a result, analysts predict monthly rental rates will rise yet again this year, excellent news for investment in buy-to-let property in the US.
Holiday homes have become the preferred category of US property investment according to a recent survey. Vacation homes sales have increased to the point of overtaking investment purchases. Despite the change in tendency, both investor types are unanimous that now is the time to buy property in the US.
A recent survey ranks several locations in Florida as the best in the US for property investment. The reports highlights property in Jacksonville, Orlando and Tampa as especially attractive for the passive investor, particularly those building a rental property portfolio.
Just 12 per cent of the US population live in apartments, but recent research on this market shows that its impact on the economy is far more wide-reaching than envisaged. The pressure on supply from strong demand also makes apartments one of the most attractive US property options, particularly as buy-to-let investments.
A recent survey among retirees and pre-retirees in the US finds that the baby boomer generation is a force to be reckoned with. It also pinpoints Florida as a preferred retirement destination. These conclusions underline the investment potential in properties in Florida catering for this sector of the population.
Recent census data reveals that the US property market is increasingly dominated by renters rather than homebuyers. Homeownership levels are at their lowest for 20 years with particularly high drops in Florida. The data has prompted some analysts to predict that the future of the US real estate market could well lie in rental properties.
With job creation at one of the highest rates ever, Houston is currently riding a wave of economic prosperity. Along with buoyant employment, Houston’s property market is also enjoying record activity levels with short supply and a rise in rental prices.
Latest statistics for the Florida property market during 2014 show sustainable levels of sales and steady rises in prices. Analysts claim the figures prove the sector has reached stability and point to further steady growth in 2014.
Property in Florida still has plenty of ground to cover before statistics catch up with the pre-2007 figures. However, the market in some parts of the Sunshine State are clearly showing signs of strong recovery. One of these areas is Pasco County, home to New Port Richey, where some analysts are pinpointing a boom.
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.
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.
