The sustainable housing recovery brings motivates Buyers

It took a long time to get to this point. The new construction had to wait for this strong market for seven years. The hope for this market development was already expected in the last year but the economy was not there yet.

This year the economy has a strong growth trend and that boost the consumer confidence. The low gas price and the new created jobs make it much easier for the consumer to concentrate on their next big goal: the own home.

Not only the first time home buyer are looking for homes but also the home owners, that lost their former home in the financial crisis, are back. Both buyer groups have in the today’s mortgage market good chances to get mortgage. The lenders know that they need these customers to grow in their mortgage sector and make it easier to apply for a loan.

However, to make the buyers happy there are also sellers necessary who are willing to sell. To get such a transaction quick and easy closed potential seller have to keep in mind, they need buyers who are able to finish the deal.

Therefore the seller have to avoid the following mistakes in their sale process.

The pricing of a home is very crucial. When the house is overpriced it will sit on the market without an offer. The longer the house is on the market the chances are decreasing to get the asking price. In average such home are closing below 90 % of the listing price.

Before a house is put on the market it should be in clean and fixed condition because every little flaw of the house will impact the sale price. As a seller you either have to give a price reduction or you have to fix in the home inspection discovered defects.

For questions in this matter you can reach us at andrea@florida-informations.com

The Florida economy is rosy

After a hard time during the recession where many jobs were lost, company went bankrupted and closed and the housing market staggered, are over. As stimulus measure the Sunshine State focused on it primary values – the sunshine, their housing industry and workforce - and started economic actions that are now show great success.

The counties Miami/Dade and Fort Lauderdale started expansion and updated their ports and airports to become the main hub and connection point for the worldwide and South American trade and transportation lines. Fort Lauderdale for example expanded their port capacity not only for freight but also for the cruise industry.

The Fort Lauderdale Airport Management has nearly finished its major renovation project and in fall 2014 the new extended runway was opened for the air traffic. These projects created thousands of jobs and brought the unemployment rate back to a normal level. The hospitality and housing market is back too and offers countless job opportunities to the citizens.

It is expected that this trend will last or even get better because the Panama Canal is also under expansion construction and will give a further boost to the ports and the economy in South Florida.

For further details you can reach us at info@florida-informations.com .  

Florida’s Economy is growing

During the recession Florida was one of the hardest hit state in the United States. The state has one of the highest unemployment rates, the housing sector was a disaster, manufacturing had decrease and the tourists and visitor numbers also went down. Based on the market down turn the retirees could not afford to come down to Florida and enjoy their retirement as they had planned before the recession. This had a negative impact especially for the southwest region of Florida which is preferred for the retirement.

This hard economic time is over and each day more than 700 people move to the Sunshine State. This number adds up to more than a quarter million a year and that gives the housing market a big boost in that area. The low rate mortgage opportunity help the new retired home owners to buy a home here in the sun.
 

This new home requests helped the housing market to improve. This economic improvement also triggered new developments in the Sarasota area and the existing home value moved into a positive direction. The economic movement assisted the job market to recover and made unemployment rate to decline. However, after the more dramatic improvement of the overall economic data, this trend will go to a slower pace in the near future.

For more information contact info@florida-informations.com


 

New coming markets - MINT

A few years ago when I earned my designation CIPS -Certified International Property Specialist - we had the BRIC market: Brazil, Russia, India and China. At that time these four countries where the emerging markets with the greatest potential for the future.

The next big coming market potential is MINT. That means the countries Mexico, Indonesia, Nigeria and Turkey. Economists see the upcoming opportunities in these countries because they have a growing population and their economies are starting to grow. It is still too early to predict outline the market potential and the timeframe.

Mexico is the country, which is closest to the US and will be a good investment market for will outbound investors at the US doorstep.

Indonesia located in South East Asia is farthest away. Between these two geographic spots are Turkey in the European Mediterranean Region and Nigeria on the African continent.

Nigeria with its starting growth is the first country in Africa that is on its way out of poverty and demonstrates that there is a lot of potential on the African continent for business opportunities.

For more information - contact us. We can help you to get in touch with the necessary local professionals.

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