Welcome to our playground – Florida
Florida, the Sunshine State, offers many bright opportunities for real estate investors.
When trying to identify the best states and cities to invest in real estate, one of the most fundamental factors to look at is the economy and job market. As for the Florida real estate market, it is backed by a diverse and dynamic economy. The state has a reputation for being an ideal business location. The proactive, business-friendly government in Florida continues to attract new high-wage jobs for workers who can compete on a global scale. Industries such as aerospace, government, military, health care, and international banking also play an important role in the economy. Several Fortune 500 corporations call the Florida home including World Fuel Services, Publix Super Markets, Auto Nation, Office Depot, Hertz, Fidelity National Financial, and Lennar Corp. With a diverse collection of industries supporting Florida’s economy, it further strengthens the drive for workers to want to live and work here.
The availability of jobs, along with Florida’s tax advantages and relatively low cost of living, has helped attract more people than most other states. Moreover, this job growth is spread evenly throughout the Sunshine State which explains why it ranks as one of the bests states for doing business nationwide. As for the unemployment rate in Florida, it’s one of the lowest in the state and keeps ticking down. In return, this has contributed to an overall increase in the demand for housing – and more Florida real estate investment opportunities to meet this need.
When considering the population growth, Florida continuously ranking as one of the top states to start or grow a business, there is an increasing number of young professionals flocking to the state in search of new jobs and career opportunities. And it’s not just young professionals who are attracted to living in Florida – the Sunshine State has something to offer to people of all ages. From students to the people in their golden age coming here to retire and enjoy the perfect weather. The Florida lifestyle, low cost of living, low property taxes, no state income tax, and exceptional health care – these are what bring many people to the Florida housing market.
Altogether, the Florida’s real estate market is expected to retain its ranking as one of the leading locations for real estate investing in the US housing market!
