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Old 01-09-2023, 01:45 PM
 
184 posts, read 317,935 times
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South Florida home sales projected to hit second best level in 2022 and to strengthen in 2023



"Strong employment conditions have bolstered housing demand in South Florida. In September, the Miami-Fort Lauderdale-West Palm Beach metro area had the sixth-lowest unemployment rate of 2.3% among metro areas with at a population of at least 1 million. This is lower than the unemployment rate of 2.5% in Florida and 3.5% rate nationally.

Over the period July 2020-July 2021, Florida had the largest net domestic in-migration, with 259,480 people moving into the state, outranking Texas (197,500). Florida also led the nation in terms of international movers, with 38,600 people moving from abroad. Florida has been the top destination of foreign buyers, accounting for 24% of all foreign buyers purchasing U.S. property, according to the National Association of Realtors® International Transactions in U.S. Residential Real Estate. The Miami-Ft. Lauderdale-West Palm Beach metro area takes in about half of Florida’s foreign buyers, according to the Profile of International Residential Transactions in Florida."


https://southfloridaagentmagazine.co...gthen-in-2023/
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