Florida’s housing market is strong. Even during economic downturns, the local market performs much better than other regions of the country.
At a time when home value growth is slowing in many areas of the US, Florida real estate prices are up 8.9% year over year. For comparison, housing prices in the country increased by only 3.1%. Homes in this state tend to have higher resale values than in many other parts of the United States.
GREAT DEMAND FOR HOUSING
Florida’s population is growing every year, and with a massive shift of office workers to remote work, it has grown even more since the pandemic. Florida is not just a popular vacation destination, but also a prestigious location where people move to start a family, start a career or retire. As a result, buyer demand in Florida is always higher than in other areas of the country, which means the value of your property will rise faster.
NO SHORTAGE OF CITY AND RESORT INFRASTRUCTURE
With white sandy beaches, beautiful nature, nationally ranked amusement parks and booming cities, Florida has something for everyone. It is a popular holiday and retirement destination for people from all over the world. If your Florida property is not your primary residence, it can easily be used to generate income from short- and long-term rentals.
