Despite the hurricanes that seem to come in a yearly basis, Florida real estate was on fire few years back.
Pre-construction developments, commercial buildings, and home constructions overwhelmed the Florida coast. At that time, lenders have a field day handing out mortgages to interested investors rushing to buy properties. Even the hurricane threat and the stigma of being a hurricane country did not stop investors of Florida real estate from backing out.
But one thing that managed to stopped them. .it was the housing crisis that started a few years back. Here we are now, in 2012. We are going full steam ahead. .(once again)
A lot of retirees from the Maryland region have lost substantial amounts of their retirements during the housing crisis.
What's surprising is that after all these bad economic news, people are starting to look for Florida once again for their retirement homes.
It's a positive thing for Florida real estate that homes are now coming back strong. There is a new wave of buyers coming from all over the world snapping up all these beach condos that are priced very low when you compare them to prices in other countries.
Take the Daytona Beach Real Estate market as an example. They have seen their share of losses in equity these past few years. But now they are reporting a lack of realistic priced listings. In some instances multiple offers are coming back strong.
The Daytona Beach Real Estate market seems to be one of the top choices for a lot of people from Maryland and the Washington DC area. Now more than ever, the real estate market is priced more affordable allowing many retirees from the North look at the nice Florida beaches for their retirement homes.
Many developers in Florida real estate are starting to venture back creating new communities to handle this new wave of relocating retirees.
Studies show that the high prices of real estate on the Florida coast has seen better days . . .but with prices down to earth now. ., no doubt that Florida will lead the country in bringing the real estate market up strong again.
If you would like to explore relocating to Florida, please contact us for your own relocating package plus a complete plan study to sell your Maryland Home and use the proceeds for purchasing a retirement home in Florida Real Estate
Call us for a free consultation 240-426-5754
We will bring you solutions. . .
You just have to call us!