FLORIDA REAL ESTATE MARKET
Whether you’re buying, selling, investing or waiting, eyes are glued on the real estate market in Florida.
The pandemic impacted both home and work life, making people reconsider where and what they want to call home. This, coupled with low mortgage rates in the US and no state income tax make Florida’s real estate market an ideal scenario for investment. While this state has long been a vacation destination and seasonal home to many, in recent years it has seen a significant increase of out-of-state and international buyers who are choosing to permanently relocate here. In other words, our market is red HOT!
These new shifts in buyer behavior will shape what we see across the Florida real estate markets in terms of development and growth, which is one of the reasons why keeping track of these patterns is key.