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APRIL...WHAT A GREAT TIME TO BUY!
Posted by V.K. [Mel] Melhado P.A. on Thursday, April 10th, 2008 at 5:38pm.
If you look at the long-term economic growth and the demographic trends regarding Florida, it bodes exceptionally well for Florida. By the end of the decade, we are projected to be the 3rd most populated state in the country and by 2030 an increase of about 75%.
Naples is a world-class destination and people are continuing to move here…an estimated 900 people a day and that figure will continue to increase, as long we don’t go into a full blown recession. If you look at the Milken Institute’s best performing cities, 5 out of the top 15 are in Florida. Jobs are quite plentiful in Florida, while the unemployment rate remains around 4%. 7 of the top 15 hottest job markets are in Florida.
Property is selling well even after the “high season” has ended. I think that some buyers fear that property has indeed bottomed out and they are worried that the exceptional values are beginning to disappear. And yet oddly, we still see other people stepping gingerly, somewhat afraid to pull the trigger for fear that they are on the wrong road.
Our coaching has been and continues to be that there are wonderful values out there and that this isn’t about the short term, so why not now!
V.K. [Mel] Melhado PA
Downing-Frye Realty, Inc.
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