Most people reach the point in life where they ponder this important question: "Do I rent or do I buy?" For some, there really isn't an option for the first few years of adulthood, as people are beginning careers and starting to build their savings accounts. However, once a South Florida resident builds a bit of financial security, they will often wonder where their money is best spent.
Most of our readers know that there is more to living in South Florida than sunny days and fun at the beach, and the strength of both the commercial real estate market and the residential real estate market reflect that fact. But some people may be wondering, what exactly is the driving force behind the local area's resurgent market?
Amid the continuous stream of positive reports concerning the South Florida real estate market, it can be hard to remember that there are still millions of people in America who are facing problems dealing with foreclosure and delinquent payments. According to a recent report, however, this problem may hit closer to home than many of our readers realize.
Many of our South Florida readers are familiar with the Case-Shiller real estate index. The index, which has been referenced in previous posts here, tracks real estate values across a variety of metropolitan areas in America. Most of the monthly reports from this index that focus on the South Florida area have been full of good news for quite a while now. It appears that the positive trend is in no danger of ending any time soon.