2016 Florida Real Estate Trends Event held during the Florida Realtors® Mid-Winter Business Meetings.
"Florida is positioned to become one of the hottest spots in the country with rising demand, positive gains in recovery, really good fundamentals and positive momentum" said Jonathan Smoke, chief economist of realtor.com®. Smoke believes that this will be our best year since 2006, and told Realtors to get ready for an onslaught of woul-be homebuyers in the spring through summer months.
Realtor.com forecast for 2016 - existing home prices will appreciate 3 percent, existing home sales will grow 3 percent to 5.4 million, new home sales will grow 16 percent to 580,000 and housing starts will increase 12 percent he predicted.
Read the entire article here: Florida Poised to be Real Estate "Hot Spot" This Year
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