Business is booming in Florida and residents have taken notice. Whether it’s the merriment of the holiday season or the reduced unemployment rate, the economy in our sunny state is thriving and consumer sentiment ratings are climbing the charts as a result. According to a recent survey conducted by UF’s Survey Research Center in the Bureau of Economic and Business Research, Floridians’ consumer sentiment rating is the highest it has been since 2007. It seems we are shaking off the recession blues, and this newly recorded positivity about the economic conditions presumably stems from both the prosperous Florida economy and our steady decline in unemployment rates, which dropped one tenth of a percent in October alone. Consumers now are less wary than in years past, and this increased confidence combining with a flourishing stock market, inexpensive gas prices, and low interest rates is resulting in a boost in spending across the state. Even the recent election, which typically results in a dip in consumer sentiment ratings did not dampen respondents’ economic outlook. This resilient optimism surprised the Bureau and seems to reflect the persistence of this perspective, showing that the tides really are turning for Florida’s economy.
One area in particular that shows serious growth potential is real estate. With low interest rates and consistently steady housing prices now is the time to make those luxury living dreams a reality.
So, if stunning, sandy beaches and glamorous nightlife appeal to you then why not invest your money in something that would allow it to grow even as you enjoy the perks? Whether you are in the market for a chic condo or a spacious new home, South Beach real estate has it all and we have the tools to help you find it. If you are interested in learning more about Miami’s luxury real estate options, whether commercial or residential, don’t hesitate to contact a RE/MAX agent today!