NAR Chief Economist on Florida Real Estate Market
®The real estate market in Florida is healthy accoding to the National Association of Realtors® Chief Economist Lawence Yun.
In this article I read at Florida Realtors®, the up side is that the recent tax law changes are benefitting Florida and that foreign buyers are a significant portion of the Florida Real Estate Market.
On the downside, Yun states that new home building is lagging. We are definitely experiencing a lack of inventory in the Daytona Beach real estate market, especially in the most popular price ranges. We are seeing new home building, but not in the price range that many people are looking for. Finding the right home at the right price remains a challenge.
Read the article from Florida Realtors® here.