Economists See Continued Strong Demand for Florida Real Estate
sales price for the period was $179,900, up 16 percent from $155,100 in 2003.
Economists who follow Florida;s real estate market agree there has been no slowdown in demand following the hurricanes of August and September.
We have seen no impact on either new homes or resales, says Hank Fishkind, president, Fishkind Associates, Orlando. We see continued strong growth in Florida;s housing markets.
Mike O;Connell, an economist with the South Florida Regional Planning Council in Hollywood, Fla., developed a computer model for the state that studies the economic impact of hurricanes on Florida. While hurricanes can accelerate long-term development trends already taking place in a community, they aren;t likely to change the market, he says. Following several years of high demand and record home sales, the outlook for Florida;s real estate industry remains strong.
Still, the hurricanes may affect some out-of-state buyers; decisions regarding where to purchase in Florida, acknowledges Lewis Goodkin, president, Goodkin Consulting, Miami. People may rethink moving to areas within Florida that they perceive as particularly vulnerable to hurricanes, he says. But there is no question that Florida, as a whole, remains an attractive warm- weather destination.
The Florida Association of Realtors, the voice for real estate in Florida, provides programs, services, continuing education, research and legislative representation to its 120,000 members in 70 boards/associations.
Economists who follow Florida;s real estate market agree there has been no slowdown in demand following the hurricanes of August and September.
We have seen no impact on either new homes or resales, says Hank Fishkind, president, Fishkind Associates, Orlando. We see continued strong growth in Florida;s housing markets.
Mike O;Connell, an economist with the South Florida Regional Planning Council in Hollywood, Fla., developed a computer model for the state that studies the economic impact of hurricanes on Florida. While hurricanes can accelerate long-term development trends already taking place in a community, they aren;t likely to change the market, he says. Following several years of high demand and record home sales, the outlook for Florida;s real estate industry remains strong.
Still, the hurricanes may affect some out-of-state buyers; decisions regarding where to purchase in Florida, acknowledges Lewis Goodkin, president, Goodkin Consulting, Miami. People may rethink moving to areas within Florida that they perceive as particularly vulnerable to hurricanes, he says. But there is no question that Florida, as a whole, remains an attractive warm- weather destination.
The Florida Association of Realtors, the voice for real estate in Florida, provides programs, services, continuing education, research and legislative representation to its 120,000 members in 70 boards/associations.
Comments(0)
The Florida Association of Realtors reports the number ... up 18 percent, signaling a strong demand
http://msnbc.msn.com/id/6657798/