In our 8/2 Housing Factors to Follow article, we mentioned housing demand as a metric to track. With more people entering a particular area, there should be more demand for housing.
According to US Census Bureau figures, South Florida's population rose between 2000 and 2009. More recent data is encouraging. A report by the University of Florida found 56,000 people left Florida during 2008 and 2009. However, during the past year, Florida's population grew by 21,000. The largest gains were seen in Miami-Dade and Broward counties.
The 2010 US census data is scheduled to be released next year. If we continue to see an influx of population to South Florida, along with an improving economy, we should start to see an improvement in the housing market.
For those thinking of buying, selling or renting a home in South Florida, feel free to contact me.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100
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