South Florida Real Estate News – March 2017
Welcome to this months, South Florida Real Estate News for March 2017, we cover the biggest stories that will impact those who are in the real estate business and potential buyers/sellers.
The big three stories of this month are the sudden boom of Doral’s Downtown, South Florida being named a great area for house flipping, and simultaneously being called the toughest state for first time home buyers.
The Big Three
Doral’s Downtown is Thriving – Good news for those who are wanting to live in Doral, Hialeah, or Miami Spring, your property value is about to go up. Doral’s downtown has been called one of the greatest boosts in the local economy. Soon the housing prices in that area will rise with the evidence of a striving downtown and many manufacturers nearby; this is a great place for middle-class homeowners.
South Florida Claimed to be Popular for House Flipping – Recent numbers show that house flippers can average a 70,000 profit from flipping homes in South Florida. It’s no surprise because areas are springing up all the time in South Florida, from sudden mini malls to sudden Walmarts, local economies are flourishing left and right.
Florida is Tough State for First Time Home Buyers – That being said, with the vibrant and sometimes violently fluctuating housing market, many people are finding it harder to buy a first time home in Florida. Either because they can’t find the funding or they are simply unable to secure a house on the market that best benefits them and their family.
Michael R Kadoch.
No matter what role you play in the South Florida economy, you are impacting the housing market. Either demographically or directly. If you are looking to buy a house, are having problems with your tenant, or are simply trying to find someone to navigate your contracts for you, give us a call.