Florida real estate is hot. Recent studies have shown that while many sectors within our economy are in a slump or merely remaining flat due to lowered demand for products and services, real estate, particularly in Florida, is holding its own, and some regions are even showing value increases. Although new home construction rates are down, current home prices are showing strong financials, and the prime locations are - of course - increasing in value. Florida has a very unique set of economic circumstances. While manufacturing makes up a small yet vital part of the economy, tourism is the lifeblood of the Florida economy, bringing in much needed funds from other regions of the US and also from Europe, Asia, and South America. Much of this tourism is based on Florida's particularly warm weather, and some of the finest beaches in the world. With over 300 days of sun each year, over 40 million tourists flock to Florida each year. So even though manufacturing jobs in Florida are well below the national average, the money keeps pouring into Florida, giving the economy a vital boost and keeping Florida in fine economic condition. Lang Realty agents in South Florida looking to stay up to date with the latest studies on buying, selling and other real estate trends can subscribe to our blog, "like" Lang Realty Living on Facebook or follow us in Twitter.
Luxury properties in prime locations like this beautiful 4-bedroom home in Wellington, Florida listed just under $1 million with Lang Realty are especially going fast and even seeing multiple bids, some over the listing price.