Moody's Economy.com, an economic consulting firm, predicts strong job growth for the state of Florida during 2011. Moody's predicts Florida will experience the strongest increase in jobs during 2011 when compared with all the states in the US.
The company predicts a 3% increase in jobs in 2011 over 2010. The construction industry is expected to account for the largest part of the increase in jobs; the estimate is for a 27% increase in positions in the field. Others areas of growth for Florida jobs is predicted to be in the following industries: mining, leisure and hospitality, education and health services; ranging in growth levels of 5% to 3%.
The large percentage of unemployed workers and the continued loss of jobs in the state is among the biggest reasons for the large amount of distressed properties in the state of Florida, in our view. Should more jobs be created in the state, we think this would atleast help provide a floor for housing prices. The reason is simple, less distressed properties on the market for sale and more money available to purchase homes.
However, given the current state of the economy, it is still not clear that jobs will rebound as robustly as Moody's predicts. However, it is a good sign for our prediction of a housing bottom during the next 12-to-18 months.
Markets tend to run in advance of actual results. The housing market should be no different. So, if Moody's is indeed correct in their assessment of job growth in the state of Florida, those buyers "on the fence" should start to act now.
If you are looking to buy, sell, rent or invest in the South Florida real estate market, please feel free to contact me.
Michael Friedman
Realtor, Certified Distressed Property Expert (CDPE)
Lang Realty
561-989-2100
http://michaelfriedman.rmlsfl.mlxchange.com/?Page=7395217 <--property search link to cut and paste into your Web browser
Boca Raton FL real estate for sale and surrounding areas including real estate properties for sale in: Belle Glade, Boca Raton, Boynton Beach, Bryant, Canal Point, Dania, Deerfield Beach, Delray Beach, Fort Lauderdale, Hallandale, Hialeah, Hobe Sound, Hollywood, Indiantown, Jupiter, Key Biscayne, Lake Harbor, Lake Worth, Loxahatchee, Miami, Miami Beach, North Miami Beach, North Palm Beach, Opa Locka, Pahokee, Palm Beach, Palm Beach Gardens, Pembroke Pines, Pompano Beach, South Bay, West Palm Beach, Lang Realty
Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts
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