The real estate industry is expected to rebound even further in 2015, according to housing analysts 
and economists who predict various sectors of the economy will have a positive impact on the market. The past few years have brought renewed vigor to the industry as a result of raising employment rates, however the next few months are anticipated to bring even more prosperity to Americans with falling gas prices and lower loan down payment needed for first-time home buyers. Previously a five percent down payment was needed for first-time buyers but now only 3 percent is required for those who qualify. Additionally housing prices are expected to rise a bit more and then stabilize according to the recent report, which could inspire more people to invest in a home. Consumers saw rapid increases in the cost of buying a home during 2011 and 2012, however the past two years have brought about a more steady growth in prices, which will soon plateau altogether. This more stable market will attract even more buyers and work to stimulate the industry as a whole in the new year.
Many economic factors are set to collide in 2015 and all will contribute to the booming health of the housing market. One area of the country’s real estate in particular that is predicted to see a major growth in demand is South Florida, where property value is rising daily in response to an increase in the amount of people clamoring to be a part of the infamous Miami lifestyle, which is quickly becoming synonymous with luxury. This sunny shoreline has it all, whether you’re looking for glamorous nightlife or secluded relaxation, and many are eager to invest in South Florida property before the area’s attraction becomes too well known. If you would like to see all the luxury real estate available, whether commercial or residential, then contact a RE/MAX agent today!