Most of our South Florida readers already know that the local area is a great place to live. But, according to a recent article, it appears that South Florida is also quickly becoming known as a great place to set up shop as well.
Real estate in South Florida is a hot commodity, in no small part evidenced by the ever-present residential development throughout the local area. Many of our readers have probably seen for themselves the rising condo towers that seemingly get nearer and nearer to completion every day. The sheer amount of condo units to be constructed, however, may shock anyone interested in residential property in South Florida.
Anyone who has ever missed a mortgage payment knows the fear of foreclosure. Thinking that the family home could be lost because of an inability to make payments on time can cause a high level of stress. But, unfortunately for millions of families throughout the country, and especially in Florida, the economic problems of recent years have forced many to actually see a foreclosure action carried out to completion. This nearly brought the American economy to its knees.
Most of our readers know that 2013 was a heck of a year for residential real estate in South Florida. Dozens of condo towers are under construction throughout Broward County, Palm Beach County and Miami-Dade County, the sales prices for single-family homes continued to rise almost non-stop throughout the year and many sellers even saw bidding wars for the most desirable properties. It would be hard to blame anyone who expects more of the same in 2014. However, a recent article suggested that some figures may see slower growth in the new year.