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2018’S TOP TRENDS
Our gorgeous Atlantic ocean, lush tropical settings amidst tall palm trees and the climate are but some of the reasons people move to South Florida. It is hard to ignore the beauty of our ocean with its sparkling blue waters, clean golden sands and gorgeous sunsets! Our South Florida luxury real estate is some of the most sought after by the wealthiest investors the world over.
The following cities are highly desirable places to live and work. Our latest Market Data will assist you in making an educated choice of where to buy your dream property in South Florida. Whether buying your dream home or getting in on an investment project, South Florida offers great upside potential for capital appreciation –
Call us for a private and free assessment of your real estate investment goals.
INVENTORY WILL INCREASE
According to Realtor.com the US housing market since 2015 has started to show a significant increase in the number of homes on the market. This will translate in softening of prices across the nation and a rethink of strategies sellers will need to implement in order to move their property.
PRICE APPRECIATION WILL SLOW DOWN
Prices of homes are forecasted to drop to a 3.2% growth from the 5.5% in 2017. More available inventory and fewer buyers on the market will force home sellers to be competitive and to quickly identify what will increase the perceived value of their home in the buyer’s eye in order to obtain a higher offer.
MILLENIALS WILL INCREASE THEIR INFLUENCE
Their use of social media, higher education and mobility will impact the real estate market at large. Although their footprint will be felt, higher interest rates and an overpriced real estate market may actually point them into rentals rather than ownership in the early years of their careers.