Florida real estate continues to get picked up at high-speed rates. There are

many different reasons that about 1,000 new residents are moving to the state

every day. While these residents are mainly settling along the Interstate 4

corridor, real estate in most of the state is doing exceptionally well.

Florida's Booming Economy

It appears as though many residents from further up the Atlantic Seacoast are

moving to conduct business in Florida. Sunshine State News reports, “the

economy is booming with the state’s adjusted gross income growing by $2

billion in 2017.” The state governor and legislature have been able to pass

many business-friendly laws. The state has many well-trained workers who are

actively looking to pursue new careers. While remaining largely unreported,

Florida has enjoyed the third fastest private job market growth in the United

States. The state's outstanding education system is attracting many young

families who are ready to put down their roots.

International Investors Buying Real Estate

Interestingly enough, across the whole of the United States, Florida continues

to be the leader in the number of people currently living in another country

buying real estate. In fact, almost one in four foreigners purchasing property

in the United States chose to buy property in the state. Records show that

those buyers come from many diverse locations including Columbia, Australia,

Singapore, France, China, Canada, Venezuela, the United Kingdom and Brazil

topping the list. There are also more buyers coming from India than ever

before.

New Home Sales

Many retirees from colder climates are choosing to build their dream homes in

Florida's warmer climate. Along with foreigners and business executives, they

are keeping the economy booming. One of the most popular areas to build in is

Miami. RisenLife Realty explains why. “Miami has fortunately avoided much of

the inflation that has priced out so many buyers.” While many cities like

Seattle have become overpriced with their technology boom, Miami has mostly

maintained home prices while becoming a thriving technology hub.

Property Investors

Even people who are not ready to settle in Florida are finding it an excellent

time to invest in Florida real estate. There are very few rental properties

available, so landlords can command a steep rental price and still get their

property rented quickly. Thanks to the state's pristine climate and

outstanding activities, there is also a brisk demand for short-term rentals

across the state.

There are so many different groups considering buying real estate in Florida

that it is hard to see this market doing anything but continue to climb.

For more news and interesting stories like this, we recommend spending some

time in our business section . We cover stories and reports on a number of

interesting and relevant events and societal shifts, and we know you’ll find

something you can learn from.

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