Developers of new properties in Southwest Florida can expect a positive outlook for the rest of this year, says a market trends report for the region.
Latest nationwide and state data for the US property market points to a record first three months of the year. Sales reached their highest levels and house prices continued their upward trend. Increases went into double-digits in 30 metro areas including several key markets for property in Florida.
The Tampa housing market ranks as the healthiest in the nation according to a recent report by Ten-X. The report also rates another Florida property market, Jacksonville, within the top five best performers for spring. Both metro areas combine strong growth in population and jobs, key to a strong market.
After a strong 2016, Florida dominates the fastest-growing cities in the US this year. Find out which metro areas perform best in all metrics.
US housing demand is already strong and a recent article by a leading analyst of the US property market expects it to soar. This pent-up demand will lead to even higher prices and buoyant sales. And the southern states such as Florida and Texas are set to benefit hugely.
The Florida property market in 2016 posted high prices and low sales as demand outpaced supply. Analysts expect more of the same in 2017.
Yet another ranking of the best markets for US property investment places Florida in a privileged position. The Sunshine State takes four of the top five positions and a total of six in the best ten making Florida one of the hottest places to invest in the US this year.
Forecasting what is in store for the Florida property market in 2017 was one of the topics at the recent Florida Realtors Mid-Winter Business Meetings. Based on the findings at the meet-up, this news article lists the highlights and trends expected over the next year.
The future looks very bright for Southwest Florida property this year. The economy in this corner of the Sunshine State is enjoying a boom and as a result, the property market is also seeing a surge in sales and prices.
Latest statistics reveal that Florida property prices went up yet again in October. This latest monthly rise is the 59th in a row showing the market continues to forge a full recovery.