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2015 Housing Predictions
January 9th, 2015 6:36 PM

Barbara's Blog:

We continue to see positive momentum in Florida's housing markets, with steadily increasing home sales, varied levels of price appreciation and higher construction levels.  But the pace of growth differs tremendously across metropolitan areas.

Orlando's South and Southwest submarkets (near Disney World) are booming, fueled by demand from foreign buyers from Brazil, China, the U.K. and investors.  There are many new short term rental communities springing up and an increase in new construction of vacation homes.  Primary markets in the Northwest and East, which do not experience the same foreign-investor demand, are experiencing a modest pace of sales activity and minimal price appreciation.

Zillow has made the following four predictions:

1.  U.S. rents will outpace home values.

2.  Builders will construct more but less expensive homes.

3.  Millennials will overtake Generation X as the largest group of homebuyers.

4.  Home buyers will have more negotiating power.

These are some of this year's predictions, but the markets are constantly changing.  Factors such as affordability, foreign capital inflows, economic indicators and consumer confidence will all play a major role in Florida housing markets in the future. 

Posted in:Real Estate and tagged: Housing
Posted by Allen Doeringer on January 9th, 2015 6:36 PMPost a Comment

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