Thursday, April 21, 2016 / by Lindsay Drautz
With market values still below peak after the economic crash in 2007, South Florida Real Estate is expected to have a strong 2016. Single family homes are continuing to sell at a record pace because of low inventory while new condo's struggle for growth, yet with an anticipated high production this year! With uncertainty and the recession leaving little hope for confidence in the market, Florida ranks the highest rebound in the Country leading the housing market in the right direction. Florida is improving more than 7 percent from this time last year and currently benefiting from out of town cash investors buying up rental property and foreign buyers dumping their money into real estate for quality condos and location. Prices have risen significantly, inventory has fallen and sales have climbed uplifting Floridian’s and suggesting a hotter market!
The Real Deal