Welcome
Since the burst of the housing bubble, the nation as a whole has watched real estate values tumble back to the late 80's and early 90's. Florida, a state heavily dependant on tourism, was one of the hardest hit during the recession. As the tourism dollars dissipated, unemployment rates began to rise, builders stopped building, developers went bankrupt, and foreclosure filings were reaching the hundreds of thousands.

This sounds like it was Florida's demise, but I have to say that we are still alive and well. We are experiencing increased sales volumes, lower inventories, and a stabilization of home values across the state. International buyers who have held out in recent years are once again acquiring properties and statistics are now showing that more people are moving into the state rather than moving out. If you can recall, it was an influx of population that preceded Florida's real estate boom in the early 2000's.

Florida also has been busy upgrading its infrastructure (roads, highways, municipalities) over the past few years. The state and other municipalities have been preparing for anticipated future growth (the next real estate boom). If you think about it, the retirement age for the baby boomer generation is already here.

According to the US Census Department, Florida's average decennial population increase over the past 100 years is 39.2%. This means that Florida's 2010 population of 18,801,310 could potentially increase to 26,171,423 by 2020; which is only a little over 7 years away. Another note to consider is that Florida has historically dominated the population increase percentage in the Southeast during those past 100 years.

So what does this all mean?

In short, the prices that you see today will be gone tomorrow. Real estate, like the stock market, operates in a periodic cycle. Factors such as supply and demand are what drive the market through its cycle. In Florida, foreclosures have increased the supply and in turn reduced demand (value). An increase in Florida's population would decrease supply and eventually increase demand; higher demand equals increased value. According the US Census Department, an increase in population is exactly what is coming.

That is the reason why I tell my clients that I believe that there is no better time to buy real estate then right now. As a native, I can tell you first hand that Florida is a great place to live, work, play, and retire if you choose. There truly is a reason that they call it the "Sunshine State". Whether you are looking to relocate, buy a second home, invest, or simply wanting know a good place to visit, I will be happy to assist you.

Please enjoy the website and be sure to give me a call if there is anything that I can do.

Sincerely,