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Florida Real Estate Investment | South FL Life & Real Estate: Premier Listings Blog

Friday, October 16, 2020   /   by Jordana Tobel

How South Florida Agents Can Help Solve the Inventory Crisis

If you're a South Florida agent in the last quarter of 2020, you're probably feeling what we all know to be true -- our inventory doesn't match the current buyer demand.
According to NAR (the National Association of REALTORS®), inventory in July 2020 was 21 percent lower than 2019’s already low levels. Additionally, homeowners are now moving once every 13 years , instead of 8 years (the average in 2010). This makes things even worse.
Buyers are coming from all parts of the country, to live a life outside year-round. 37% of Americans said the pandemic has caused them to consider moving, and 77% of respondents said that, for 2021, they prefer to live in a suburb over a city. People care less about “proximity to work” and more about “living space.” The survey showed that people are looking for:

More square footage
Larger outdoor areas
Lower population density
Increased affordability
These are all things that South Florida provides. Now the questi? ...

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  south florida real estate, delray beach real estate, premier listings, boca raton real estate, florida real estate market, florida real estate investment, inventory shortage, listings, florida listings, south florida listings, delray beach listings

Thursday, February 13, 2020   /   by Jordana Tobel

Florida Vacation Home Rentals: Big Impact & Getting Bigger

Guess how much Florida vacation home rentals contribute to the state economy?
Almost 28 billion.  Yes, that’s billion with a “b.” That’s almost 20% of the state tourism industry, according to a new report by the University of Central Florida’s Rosen College of Hospitality Management.
In 2018, more than one in 10 tourists stayed in a vacation-rental home.
“Floridians have long-known that the state’s vacation rental industry has a significant impact on our economy, but the numbers in this report are simply staggering,” says Florida Realtors president Barry Grooms, a Realtor and co-owner of Sarabay Suncoast Realty Inc. in Bradenton. “More than $27 billion a year is a substantial contribution to our economy, and the 115,000 jobs it supports are critical to the well-being of many of our communities.”
Florida’s tourism industry is growing faster than the U.S. economy.  The state has experienced 8 consecutive year ...

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  delray beach real estate, south florida real estate, boca raton real estate, florida real estate market, premier listings, delray beach estate, jordana tobel, airbnb, delray beach airbnb, florida airbnb, florida real estate investing, florida real estate investment

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The multiple listing information is provided by MIAMI Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listingare © 2018 MIAMI Association of Realtors®. All Rights Reserved.
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All listings featuring the RPBGFL MLS logo are provided by the Realtors of the Palm Beaches and Greater Fort Lauderdale, Inc. and BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2018 Realtors of the Palm Beaches and Greater Fort Lauderdale Inc. and BeachesMLS, Inc.
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