Florida Housing Wire has a new site that showcases South Florida’s exciting housing market in 2020. Learn why investors and buyers are flocking to The Sunshine State.
Just like its gorgeous summers, South Florida's real estate market is hot and expected to get hotter in 2020. If you are a homeowner, first-time homebuyer, or investor, you know that Florida is one of the country's most coveted real estate markets.
Florida Housing Wire has launched a new website that gives you the inside scoop on how the Fort Lauderdale housing market is expected to perform in 2020. The new site features a detailed analysis of the local housing market and makes reliable predictions to help you make smart investment choices.
The website highlights growing buyer demand and the lack of house listings in South Florida's residential real estate market. Mid-to-late 2019 trends indicate that despite a 5 percent increase in prices, home sales have increased by 11 percent.
The Fort Lauderdale housing market portal showcases a steady increase in median home prices. Florida Housing Wire forecasts a median property price of $336,500, a per-square-foot price of $257.
As an investor, you can rely on your Fort Lauderdale houseshare property to give you a traditional monthly rental income of about $2,150 with Airbnb monthly rental expected to be slightly higher at $2,763.
The South Florida rental market is also expected to enjoy a strong year-round performance. The region is expected to see significant growth in investment with mortgage rates at a 2-year low and no State income tax. Florida Housing Wire documents Florida's rapid population growth—third highest in the country—and a strong employment market.
According to a spokesperson for Florida Housing Wire, "We are delighted to showcase Fort Lauderdale's resurgent real estate market on our new website. Projects such as the New Las Olas Marina Development and the increase in employable and retired populations bodes well for the local real estate market."
Invest in residential property in South Florida and enjoy state tax-free returns, low mortgage rates, and high demand all year round! For more information about desirable real estate investments in Fort Lauderdale, visit https://floridahousingwire.com
