One of the defining characteristics of the current Florida property market is the shortfall in inventory levels. Despite an uptick in construction activity this year, demand continues to outstrip supply of new-build properties in Florida with a particularly high deficit in the Southwest.
Strong employment, 66 million Americans aged 20 to 34 and low vacancy rates mean an excellent outlook for rental properties in the US.
The rate for foreclosure properties in the US fell to its lowest rate for nine years in July, according to the latest report from CoreLogic.
A new report reveals the best places for US vacation rentals. Resorts in Florida dominate the top ten for returns on holiday lets in the US.
Florida has long been a favourite retirement spot, but a recent survey has confirmed its popularity. So much so that when it comes to the best place to retire in the US, Florida cities dominate the ratings.
Financial instability and political uncertainty in their home countries have led many foreigners to regard the US property market as a safe haven for their investment. The amount invested in properties in the US between April last year and March this year is the second highest since 2009 with big interest from Chinese and British buyers.
With Florida motoring ahead of the US economy, it’s obvious that the Sunshine State has left the recession well behind. And within Florida, the Tampa-St Petersburg-Clearwater MSA stands out for exceptionally positive figures. As a result, the Tampa Bay property market hasn’t had it so good for years.
As the US economy and job market register full recovery levels, demand for housing is soaring. As a result, property inventory levels are tight across the board creating strong demand for new builds. However, developers currently face one major obstacle – the severe shortage of building land in the US. This latest BRIC Group article provides the full picture.
A recent report from Freddie Mac finds that the Orlando property market is the fastest growing in the US and has a stable outlook for growth. This BRIC Group news article explores the reasons behind the surge in the market and explains how it’s part of a bigger picture of the improving property market in Florida generally.
The market for Florida property is already hot, but a recent report reveals that the influx in the region of buyers from the baby boomer generation looks likely to rise the temperature even higher. This latest BRIC Group article explains why.
The latest Chief Executive magazine survey places Texas and Florida at the top of the best states for doing business in the US. This is the 12th year in a row that the two states take the accolade, and the survey finds that Florida – currently in second place – is closing the gap on Texas as this BRIC Group news article explains.
The market for Southwest Florida property is registering record performance. The highest number of new-build starts and completions since 2006, alongside the significant percentage of cash sales and strong increases in median house prices make Southwest Florida one of the current hot spot areas in the state.
Orlando and Tampa property counted among the top ten best investment opportunities in the US in the first quarter of this year. The two Florida cities ranked in fourth and ninth places on the back of high population growth and strong employment creation, as this latest BRIC Group news article explains.
The 20 fastest growing cities in the US are mostly in Florida and California, according to data released by Forbes. Although neither state takes the top position, both bring four metropolitan statistical areas to the listing. In a separate survey, The Villages in Florida ranks yet again as the nation’s fastest growing city in terms of population growth. This latest BRIC Group article has the details.
Florida property entered its 51st consecutive month of price rises in February with increases in the price tags for both single family homes and townhouse-condo properties across the state. Sales prices are also gradually reaching a par with asking prices, proving that the market remains very much in the hands of sellers. This BRIC Group news piece provides the details.
Florida tourism continues to break its own records. After a hugely successful year in 2014, the state smashed all previous highs in 2015. Last year, Florida received 105 million tourists and tourism indicators across the board registered their best ever. Florida airports also posted record results. And the good news is that, as this latest BRIC Group article explains, more of the same is expected in 2016.
