Monday, April 17, 2006
Cape Coral & Florida Real Estate Continues 2 Rise
I read a very interesting article today.
It found that according to the National Association of Home Builders, there were more building permits issued for single-family and multi-family homes in Florida last year than in any other state. Additionally, “Five of the 10 metropolitan areas with the strongest one-year price appreciation last year were in Florida,” the Office of Federal Housing Enterprise Oversight reports.
"You could consider Florida to be ground zero for the housing market," says Mark Zandi, chief economist at Moody's Economy.com, an economic consulting firm in West Chester, Pa. And that means great things are still in store for Florida real estate.Note that Florida still remains one of the fastest growing in the nation.
It's growing, on average, by 1,000 people a day. We expect that to increase as more boomer’s come online and look to move to a sunny area and take in the pleasures of the warm waters of the Gulf.
Florida's economy is relatively strong and it continues to create new jobs. And while many real estate in large Florida cities is seeing a curb in home sales, smaller group of Florida markets like Cape Coral is holding steady as population and affluence moving into these areas grows. Sales in Jacksonville were essentially unchanged in February year over year (a record high even still for its time), and they were up in Tallahassee.
Time and fact continue to point the way that Florida real estate is the place to be.
It found that according to the National Association of Home Builders, there were more building permits issued for single-family and multi-family homes in Florida last year than in any other state. Additionally, “Five of the 10 metropolitan areas with the strongest one-year price appreciation last year were in Florida,” the Office of Federal Housing Enterprise Oversight reports.
"You could consider Florida to be ground zero for the housing market," says Mark Zandi, chief economist at Moody's Economy.com, an economic consulting firm in West Chester, Pa. And that means great things are still in store for Florida real estate.Note that Florida still remains one of the fastest growing in the nation.
It's growing, on average, by 1,000 people a day. We expect that to increase as more boomer’s come online and look to move to a sunny area and take in the pleasures of the warm waters of the Gulf.
Florida's economy is relatively strong and it continues to create new jobs. And while many real estate in large Florida cities is seeing a curb in home sales, smaller group of Florida markets like Cape Coral is holding steady as population and affluence moving into these areas grows. Sales in Jacksonville were essentially unchanged in February year over year (a record high even still for its time), and they were up in Tallahassee.
Time and fact continue to point the way that Florida real estate is the place to be.
