Florida’s 2018 Economy and Housing Market Projected To Remain Strong

Florida’s 2018 Economy and Housing Market Projected To Remain Strong

Though the cycle is getting long in the tooth, the industry is expected to continue riding the waves of the strong economy to steady. Industrial real estate is expected to remain a star performer.

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The unemployment rate in July dropped to 3.9 percent, and we forecast that it will remain there for the rest of the year, before dropping slightly to 3.8 percent next year. Mortgage rates stabilized over the summer. Mortgage rates surged in the first half of 2018, which weighed on the housing market by reducing affordability.

Sales of single-family homes statewide totaled 27,107 last month, up 3.2% from August 2018. "Florida’s favorable jobs outlook, latest low unemployment rate of 3.3% (in July) and strong economy are.

"We see the office market getting stronger in 2018, especially in key submarkets such as Aventura, Coral Gables and Miami Beach. These markets are already strong, but the high barriers of entry and.

Take a look at our florida housing market predictions 2020 so you can. 2020 may still be a couple of months away, but every real estate. 2) The Florida Real Estate Market Forecast 2020 Is Looking Positive. The strong economy signals even more positive Florida housing market.. January 5, 2018.

The firm, which publishes weekly statistics on pending luxury sales, has reported a rebound in activity this fall after a sluggish summer, and price cuts remain a staple feature of the market. Real.

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In its U.S. economic and housing market outlook for 2019, CoreLogic economists. But Florida's housing market is projected to do very well next year, market. Posted Dec 27, 2018 at 2:46 PM Updated Dec 27, 2018 at 7:18 PM. Paul Erhardt also expects demand to endure: “In parallel to Florida's strong housing market,

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While the Florida labor market should maintain its lead over national statistics, housing starts growth contribute to an environment where home prices continue. 4.5 percent during 2018 to 2021, encouraged by a stronger national economy,

Permits for future. 2018, a very strong performance. By historical comparison, claims remain near multi-decade lows, and, measured as a percentage of employment, are just slightly above all-time.

Central Florida's boom shows true picture of U.S. real estate trends. that spotlights real estate trends and hot housing markets across the. and even exurban growth has bounced back since the Great Recession. By 2020, it's projected to be about 67.. At the same time, the region's economy is shifting.

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