The recognition was part of a larger report completed by the Federal Reserve in which they said the economy is expanding fairly steadily in most of the country, although some regions are showing negative growth.
Continue reading to learn more about the Federal Reserve’s predictions for the national economy as well as how South Florida home owners will be affected.
South Florida Real Estate Market Update
Although much of the South has demonstrated slowed growth, Florida actually stood out for its home resale market.
The report noted that Florida home sales are doing remarkably well and keeping at a pace that’s enviable. Real Estate market’s are very area specific and development specific, 31% of Florida sales are cash transactions but South Florida has a far higher percentage of cash transactions due to the higher number of International Buyers.
The report also found that leading economists predict that the national economy will expand at about 2.7 percent a year.
Selling Your South Florida Home
Have you been thinking about entering the South Florida real estate market as a South Florida home seller?
As a South Florida real estate expert, I will put together an aggressive marketing plan to ensure that we sell your home at the best price possible in as little time as possible.
To learn more about how I help South Florida home sellers, check out some of my FREE South Florida home selling resources, including:
- State of the Market
- Marketing Plan for Sellers
- Showing Your Property
- Request a Pre-Listing Package
- Pricing Your Property
- Selling South Florida Real Estate e-Book
- And more!
Until next time,