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While mortgage rates remain near historical lows, home prices have come back strong.Thanks to strong price appreciation, the ratio of Median Home Price / Median Household Income now exceeds historical averages (since 1981) in 20 of the top 21 housing markets.
As a native Floridian and consultant to the real estate industry for over 18 years (eight of them on Wall Street and the rest here in Florida), I am keenly aware of the unique qualities of the state's distinct metropolitan areas. In recent months, I have traveled the state assessing potential and existing residential developments and investments.
Here's a summary of the opportunities I see on Florida's real estate landscape:
ORLANDO: Foreign nationals, diverse income base, short-term rentals