(Newswire.net — November 6, 2021) —
Well, the truth is that if anyone knew exactly how long the incredible active housing market in Florida will last, they would make a fortune. But not too many people are confident enough in their assessments to be sure, since the real estate market is driven by consumer demands, which are boiling over in the sunshine state.
Still, many other factors will either promote more demand or sallow things down a bit and let the stress subside. Things like the federal interest rates that every mortgage broker in Florida relies on to create loans for their clients. If the rates go up, ultimately the borrowers/buyers, are going to pay more.
Why is The Florida Market Still Bustling?
If you think about it there are some obvious reasons why people want to move to Florida. The recent pandemic did not help people feel secure in states where they felt the issues caused by the pandemic weren’t handled properly by their local government.
Lots of people from up north in states like New York, NJ, Connecticut, Massachusetts, and others, moved to Florida to get away from bad policy wrecking their local economies.
Many felt that Florida’s Governor was handling things much better, and folks say that they felt safer.
Others come to Florida to retire in style with warm weather year-round and a plethora of things to do outdoors and inside too. Florida promotes retirees, and not having a state tax is appealing to people looking to retire and live off their nest eggs.
Still, others move to Florida to enjoy the lifestyle it provides, naturally. When you live in the sunshine state be prepared to enjoy the ocean and everything water related.
The beaches have miles and miles of unspoiled, white sandy seashore to explore, by yourself or with the entire family. Wonderful memories get created this way and many people say Florida beaches can be magical.
The fishing available, both inside and outside the Intracoastal waterways, can be spectacular. Many well-known, and world-renowned fishing tournaments, take place in places like Miami, Stuart, The Keys, Fort Pierce, and others.
How Do Houses Stack up in Florida?
If you want to compare homes in Florida with those in other states, you will find that they stack up quite well. In fact, anyone who lives there knows that hurricanes are a big concern and do major damage when they hit anywhere directly.
New housing codes in Florida enforce hurricane standard building materials and techniques that make these properties able to withstand winds that are over 100 miles per hour and higher.
The foundations, walls, and other structurally important parts of Florida homes are built using concrete and steel construction. This makes these properties hardened against damage and able to withstand hot summers where temps can reach 150 degrees, or more, on the roof. Plus, they stand the test of time!
What Are Popular Types of Homes People Buy?
A very popular type of property are homes with private pools. When you live in the sunshine state and get so much hot, sunny weather, its nice to have a private swimming pool in your backyard, to jump into, whenever you feel like it.
Not to mention the overall value of a house can go up substantially when you add a pool. In some places, pool homes for sale are in such demand that you must wait for one to come available on the market and jump on it if you fall in love.
Grandparents who retire with kids and grandchildren still living nearby will purchase a big home with a private pool so they can share their retirement days with their family and be able to watch the grandkids growing up right before their eyes.
Pricewise, homes for sale throughout Florida range drastically, but are competitive, if not better in price, than many other cities across the nation.
Something to consider.
Townhouses are Getting Popular
There are more people are buying townhouses in Florida than ever before. They come with an intrinsic value attached to them because the expenses are shared throughout the entire community, giving each individual resident more features and benefits than if they were going it alone.
In other words, townhome owners get to share the expense of amenities like club houses, swimming pools, security entrances and exits, fitness center, even the roof, which is covered by the HOA and more.
Plus, townhouses are typically larger and have more bedrooms and bathrooms than condos do, making them more attractive to young families just starting out.
Condo Sales are Thru the Roof! No Pun Intended
It is true, condos in Florida are selling so quickly that sometimes they only last on the MLS for a few hours. It sounds insane, but it is happening in many popular cities in the state.
For someone who wants to live on the beach and enjoy the ocean every day, but doesn’t have millions of dollars to spend, then buying a oceanfront condo on the Treasure Coast, will only set you back slightly over $400k.
Not to bad if you want to save some of your hard-earned cash for your actual retirement. You can see the sunset and sunrise over the water and literally hear the waves breaking on the beach from many of these condo unit’s bedroom windows.
Can you imagine living up north in states where it snows and gets cold and miserable. Where the state taxes are high, and the homes are expensive too.
Then, realizing you could save money, while living on the beach, in one of Florida’s many amazing condo buildings, that line the coastline.
Conclusion
Now you see why so many people are picking up their families and moving to Florida. There are so many great reasons why this state is good to live, work and play in. You will stay warm year-round and get to enjoy the pristine waters of the Atlantic Ocean, or Gulf of Mexico on the West Coast. Anywhere you land in Florida, will bring its own set of benefits for you to enjoy and a beautiful coastline to explore.