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Foreign buyer interest spreading

Although 2013 figures are not yet in, one in five sales of Florida homes was to a non-resident foreigner the previous year, per the National Association of Realtors. Canadians remain as the leading buyers, followed by the Germans, British and the French. But the recent influx of Brazilians, Venezuelans and Argentines indicate our reputation is…

Population growth continues

  Florida’s population is now growing so quickly that the Sunshine State could soon overtake New York as the nation’s third most populous state. Florida’s economic momentum “begins and ends with net in-migration” claims Moody’s Analytics. Florida historically grows its population by 2% per year, more than double the national average of just under 1%….

Economists bullish on Florida

Those economists who closely watch Florida are convinced that the state will lead the nation’s emergence from the Great Recession. That came after state government reported that the jobless rate in Manatee, Sarasota and Charlotte counties eased again in November, dropping to 6.2%. That marked the lowest reading since the start of the economic slowdown….

New Construction: Sarasota new home starts experiencing enormous growth

In Sarasota/Bradenton, 895 single family units began construction in the first quarter of 2013. This represents an increase of 70.5% compared to last year’s rate of 525 units. Per Tony Polito (Metro Study News) “we initially anticipated between 7 and 15% growth in housing starts above 2012 or somewhere between 2,600 and 2,850 new housing…

Our April Newsletter

“No one wants to catch a falling knife.” As we drove around looking at property, this was the philosophy one Canadian shared with me regardinghis take on the average buyer. “Once it clangs on the floor, everyone will know it has hit bottom and then everyonewill scramble to buy.” His own strategy was different. He…