Florida’s 2018 Economy and Housing Market Projected To Remain Strong

The Florida economy saw a strong rebound in economic activity as job growth came roaring back in 2017Q4. We expect the state economy to keep this momentum headlining into 2018, supported by positive demographics, sustained gains in the labor market and an improving housing sector.

A recent housing market forecast for Miami, Florida predicted that home prices could level off over the months ahead, following a year of average growth. Here are the latest trends, predictions and forecasts for the real estate market in Miami, through the summer of 2018. Miami, florida housing market Forecast: A Dip in Home Values?

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2018 Construction Starts & Spending Forecast. Construction spending and starts are expected to remain strong in 2018, but again the amount of growth is forecast to be a bit more subdued. ConstructConnect’s construction starts forecast for 2018 is a 4.8% increase to $773.1 billion.

With a strong economy, Miami’s housing market is expected to remain strong, cementing its ranking as the third most active market in Florida. Investor participation will continue to be high in 2019 especially among foreign investors.

Freddie Mac Forecast for Housing: Looking Ahead to 2018 Growth in home sales will be primarily driven by new homes sales. The economic environment remains favorable for housing and mortgage markets.

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The economic and political miseries throughout Central and South America became a blessing to the local real estate market. Only in 2018 did the percentage drop below 20, with 19 percent of Florida.

"A strong economy is good for Florida’s housing market. Statewide sales increased in both the existing single-family homes and the townhouse-condo sectors in February [of 2019]," Hansen said . Florida fluctuates rapidly between a buyer’s market and a seller’s market, and the market tends to vary drastically in different markets.

2018’s Hottest Housing Markets. By.. is expected to remain strong, translating into further price gains.. Abundant land and strong economic growth are supporting housing in both markets.

Powered by economic. real estate market, is roughly flat on the year. As we‘ll discuss below, the SFR sector dipped following mixed 2q18 results that saw expense growth rise faster than expected..

Nonetheless, future. stay the course With so much of the city’s real estate industry in private hands, many companies have managed to dodge the recent public market turbulence. One big exception is.