South Florida Real Estate for 2015
January 26, 2015 | Damara
Happy and Healthy New Year to our friends and family! This has been a great year for Mangrove Realty, Inc., and South Florida Real Estate. Prices are way up, and our market is stable. Florida just surpassed New York as the third most populous state in the United States, and this will sure help real estate market growth in Palm Beach County and all over Florida. Experts predict the real estate market to be as strong as 2007. The biggest challenge in today’s market, is obtaining a loan. Lucky for Florida, many of our buyers pay cash and keep the market humming. For everyone else, expect the mortgage market to loosen their requirements slightly in 2015 so more buyers can achieve their dream or home ownership. New construction communities are popping back up. People are moving and remodeling again, as a sense of optimism and an improved economy can be felt in the air.
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While we do not have a crystal ball, our thoughts and predictions at Mangrove Realty, Inc. are optimistic and enthusiastic about South Florida real estate and lifestyle in 2015! Overall, housing is cheap compared to many urban areas in the country, and where else can you ring in the New Year on the beach with eighty degree weather? May you all prosper in 2015