florida

Florida: Gateway to America, Pathway to Global Trade

Florida: Gateway to America, Pathway to Global Trade

Florida's geographic location makes it one of the primary logistics sites for any business seeking to access either the East Coast or Gulf Coast of the United States. Florida is the only state with seaport access in both the Gulf of Mexico and the Atlantic Ocean. In addition, Florida's location allows for cost-efficient access to the Caribbean and South America.

Florida Continues To Break Visitation Records

Florida Continues To Break Visitation Records

Governor Scott said, “Florida’s tourism industry and our entire economy continue to flourish. After having record-breaking tourism in 2017, Florida started off the first half of 2018 by welcoming back-to-back record quarters of visitors. These record-breaking achievements allow our economy to create more jobs and adds to our success of having nearly 1.6 million private-sector jobs created in seven and a half years while our state’s unemployment rate is the lowest in over a decade.”

2018 Real Estate Trends: Expect Growth in Employment, Population and Visitors

2018 Real Estate Trends: Expect Growth in Employment, Population and Visitors

Florida is growing faster in terms of employment growth than the rest of the U.S., which is good for Florida real estate. The three major drivers of the state’s economy are 1) Florida’s business climate, including real estate sales; 2) the U.S. economy and financial market trends; and 3) the global economy.

Florida's Fast-Growth Track May Create Housing Boom

Florida's Fast-Growth Track May Create Housing Boom

Florida has continued to grow at a near nation-leading pace. The state’s population grew by 1.8% in 2016, far more than the 0.7% national population growth rate. Like many of the fastest-growing states, Florida’s rapid population growth was largely due to migration.

Florida, Texas May Attract More Pro Athletes After Tax Law Change

Florida, Texas May Attract More Pro Athletes After Tax Law Change

Teams based in Florida, Washington and Texas will clearly have an additional advantage over other clubs in contract negotiations with free agent players given the new tax code. They already had an advantage by virtue of no state income tax, but this will be magnified under the new tax code, with benefits on Real Estate and Sales Tax.

Florida's Home Sales, Listings, Median Prices Up In November

Florida's Home Sales, Listings, Median Prices Up In November

In November, Florida’s housing market reflected the trends we’ve grown accustomed to seeing throughout this year. More owners decided to put their homes up for sale. Homes continued to sell quickly, resulting in increased pending sales – up 5.5 percent for single-family homes and up 9.3 percent for condo-townhouse units.

Florida Businesses Created Nearly 14,000 Private-Sector Jobs in November

Florida Businesses Created Nearly 14,000 Private-Sector Jobs in November

Florida’s unemployment rate is at a 10-year low and that nearly 14,000 jobs were created for families across the state last month. As we near the end of the year, it is important to reflect on how far our state has come and how we must continue to fight every day to build on this success.

Florida Housing Market: Sales, Median Prices Up In July

Florida Housing Market: Sales, Median Prices Up In July

Florida's housing market gained momentum in July. More owners decided to put their homes up for sale. However, even with the increase in new listings, inventory remains tight and buyer demand is great. New listings for single-family existing homes rose 6.1 percent year-over-year, while new listings for existing condo-townhouse properties rose 5.5 percent. Homes continue to sell quickly, resulting in increased pending sales – up 3.3 percent for single-family homes and up 3.6 percent for condo-townhouse units.

Chinese, Canadians, and Mexicans: Top Foreign Buyers in April 2016–March 2017

Chinese, Canadians, and Mexicans: Top Foreign Buyers in April 2016–March 2017

Despite the slowdown in Chinese economic growth and tighter regulations on outflows of foreign exchange, Chinese foreign buyers remained as the top foreign buyer of U.S. residential property, according to NAR’s recently released 2017 Profile of International Activity in U.S. Residential Real Estate.

Chinese buyers accounted for 14 percent of all foreign buyers[1], followed by Canada (12 percent), Mexico (10 percent), India (5 percent), and the United Kingdom (5 percent).