One of the basic principles in real estate is that certain areas will have higher values and sales prices than others. Most people have heard the saying "location, location, location." Location is everything in real estate, and if any of our readers are at all familiar with the real estate market that surrounds them, they know that South Florida is one of the pricier areas in the country.
As our Florida readers may have noticed, recent news coverage about the immigration crisis at our country's border with Mexico is leaving some people with an unfavorable view of potential immigrants to America, sometimes regardless of whether they are legal or not. This is unfortunate, but, for foreigners interested in purchasing homes in America, many as second home as they remain citizens of their home countries, it appears that Florida is creating the right type of environment for these real estate transactions.
Many of our South Florida readers probably take advantage of the fact that they live within minutes of some of the most beautiful beaches in the world. But is the proximity of the ocean going to cause a problem for residential property in the local area sooner rather than later? According to a recent report, the answer may just be "Yes."
By now most of our readers are getting quite used to seeing continuous reports about how well the residential real estate market in South Florida is recovering. After all, negative news about this sector of the local market is few and far between, and what negatives there are often only arise after someone reads between the lines. But, that may be just the case in a new report about South Florida home prices.