The real estate market in Florida is booming. This is particularly true in Fort Lauderdale, which has become a hub for those interested in both the residential and commercial markets. As noted in a recent piece published by Forbes, investors interested in everything from luxury living quarters to office space have found what they were looking for in this market — and opportunities continue to abound.
Losing a major tenant can raise many concerns for a commercial property owner.
In previous decades, the trend in residential real estate has simply been about leaving the cities and expanding the suburbs. That led to urban sprawl. America does tend to cater to this type of development since much of the country's real growth occurred after the invention of the automobile. The development of the infrastructure to support this means that Americans have easy access to more remote living situations and they tend to be very willing to drive -- and to invest in their cars -- to make this lifestyle possible.
Owning property is an original part of the American dream and it is now more attainable than ever. Florida, still experiencing a yearslong building boom, is seeing higher rates of home ownership and faster turnover on residential properties than ever before. Despite this, some people feel they need a little push to get a mortgage, and they can land in serious trouble.