This section of the BRIC Group news covers the latest developments and news in Florida that are relevant to our investors. Here you will find articles about the economy, tourism and the property market in the Sunshine State generally. News about the economic situation cover GDP growth, median incomes and unemployment rates. Articles on tourism look at the latest visitor figures, the creation of tourism-related employment and changes in tourist tax collection. Florida property market news includes regular updates on house price rises, inventory levels and fluctuations in sales figures. This information, particularly monthly and quarterly property data, is generally sourced from Florida Realtors.
While many news articles examine the situation in the Sunshine State generally, others look at the particular metropolitan statistical areas relevant to our investment products. These include Orlando, Tampa, Jacksonville and Northport, the locations for turnkey properties. Other articles cover news for Sarasota and Charlotte County, the areas nearest Englewood, home to BRIC Group Florida land investment.
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Florida real estate registered rises in both pending sales and house prices in May, indicating strong pent-up demand with the market. Property prices saw their 101st consecutive month of increases and supply levels dropped to a new low for single-family homes.
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Despite a quiet few weeks with no viewings, the US property market has recently seen in surge in demand for single-family homes, particularly in suburbia. This plus the shortage of supply has also led to a rise in the number of new-build starts and permits.
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The busiest period in the US property market is generally the spring, but the summer looks set to be the more active this year. Buyer appetite is strong and would-be homeowners are taking full advantage of the country’s low mortgage rates. Analysts believe that many buyers see the current situation as an opportunity rather than a challenge.
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Traditionally, the spring season is the busiest for property in Florida, but would this year’s stay-at-home recommendations in April change things? Two studies for early spring show they haven’t and online searches for homes have soared. Among the most sought-after areas in the US were several Florida metros with enquiries for Jacksonville the third highest in the country.
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A new study looking at the impact of new-home builds reveals its potential to lead the way in the US economy. The sector is set to have particular relevance as the nation moves forward in containing the covid-19 pandemic. One of the biggest advantages that new-home builds offer is their scope for the job market and by extension, the US economy.
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The covid-19 pandemic has affected all aspects of our lives. Some of the most significant shifts have taken place in the property market where new trends are emerging. These mean that US buy-to-let properties now stand as one of the best real estate investments available. In this article, we look at the four reasons why.
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They say there’s nothing like a crisis to make people rethink their lives and the Covid-19 pandemic has done just that. For thousands of people, being shut at home has led to dreams of warmer, sunnier climates and a better lifestyle. Just like the one Floridians enjoy in the Sunshine State. As a result, property enquiries are on the rise and the Florida population looks set to surge.
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When it comes to the US rental property, Florida metros regularly feature as the best. Homes in the Sunshine State offer investors cash flow and equity growth and bring together the ideal investment criteria. In 2020, three Florida cities took the top three positions in the US.
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When it comes to retirement locations, Florida ranks as the American state for both US and foreign retirees. The Sunshine State offers sunshine, beaches and affordable living, all desirable features for those about to enter their golden years. But certain locations stand out such as Tavares and Sarasota, rated as the best places to retire in Florida in 2020.
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Like many countries in the world, the US finds itself in a coronavirus lockdown. The effects of this situation are widespread and have reached all corners of the economy including property. However, despite the media hype and uncertainty, many of the effects on the US coronavirus real estate market appear to be positive. This is particularly true for investors looking at buying now.