South Florida Real Estate Market Thrives

Q: Which region of the U.S. has seen the most natural disasters recently?
A: The south.

Q: Which region of the U.S. is enjoying the most profitable real estate market?
A: The south.

While these may seem like contradictory responses, they hold true. Across southern states, pending homes sales rose 2.3 percent in December to 135.9, a rate 4.1 percent above December 2004.

Experts in Duluth, Georgia, report that interest rates are at 40-year lows. It’s a great time to buy a home. This strong buyer’s market is largely stemming from an increased inventory of homes on the market. The lower rates are ensuring momentum in the market with moderate price ranges.

The same can be said in Orlando. This city is seeing a larger inventory of homes for sale, as well. Because supply currently outweighs demand, Orlando is considered to be a buyers’ market, meaning sellers should take this time to make any needed repairs to their home before the market becomes even more competitive.

Continued growth in this sector is largely reliant on investor activity. As a consistently strong Florida home loan market, Orlando is often focused on as an example of how to remain prosperous, even in light of hurricanes and other storms.