Real Estate Trends: What’s in Store for 2024?
Watch for the Florida real estate market to slowly start growing in 2024 as interest rates flatten and consumers begin realizing what they’re seeing is the new normal in prices and interest rates......Florida saw almost $200 billion in closed sales in 2023, which wasn’t far below 2022...
A few of the factors buffering the Florida real estate market from some national economic trends include:
✨The state’s labor market is strong.
✨Florida’s population growth remains strong at about 1,000 new people a day.
✨The state is still attractive to “untethered” remote workers.
✨Retirees with home equity looking to relocate are unfazed by high interest rates.
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