Pensacola Real Estate Market Outlook for 2014
This is based on interpreting a lot of collecting data from economists.
“Uncertainty” is the key troublemaker in this situation because we do not know what the government regulations are going to do for this upcoming year.
There are the indicators that says it will be good because of good growth, sales are up, and low interest rates.
The job market being in a stand still because of impending government regulation has also put other markets on halt.
The job and real estate market are more attached at the hip than anyone could ever imagine.
First time home buyers want ot buy still more than ever and 50% of new home buyers are single people.
The Dodd Frank Bill has money that is very hard to attain, even in this market with low interest rates.
The has 4-5 times as many people to just handle the regulations.
The Fiscal Cliff is also an anchor because of what is attached with it, our nation’s economy as a whole.
Florida’s unemployment is under the national average for the first time.
They also predict that it will take up to 2020 to catch up the economy to where it should have been if there wasn’t the economic collapse, like the one we suffered through.
2014′s economic growth is predicted to be at 2.5%, in 2013 we had 1.9% growth.
A healthy growth is anything above 2%.
Impending government regulations has long-term effects.
If the investors aren’t spending like they typically do, the cost of goods will go up, and unemployment may go up.
All of this could be solved if the government would get on the same page within its branches.
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