In this video, I’ll be talking about the 10 key trends to impact South Florida real estate in 2022.
Watch the video here. The transcript is below.
#1 – More U.S. companies and individuals will continue to move to South Florida. This is because the region is pro-business, it offers a healthy lifestyle, sunny weather and low taxes.
#2 – Miami’s tech and finance hub will continue growing. Did you know that Miami was ranked as the #2 emerging technology hub in the United States? Miami and South Florida have added many jobs. Many high paying jobs from California and New York have been added to the South Florida and Miami market in the last several months. This means that the average household income has increased which will have an awesome impact on the local economy for decades to come.
#3 – More Homebuyers will continue to make South Florida their primary home. Also, this means that they’re contributing to our local economy year round.
#4 – International real estate sales will surge in 2022. This is a result of vaccinations that are happening in South Florida from folks who come from other places around the world and then choose to make South Florida their primary residence.
#5 – Interest rates will remain low, for now at least.
#6 – Continued availability of remote work will further enhance the South Florida real estate market. After all, if you can work from anywhere, why not work from the beach, from on a boat or at the pool, while maintaining a more healthy lifestyle, where your money goes further.
#7 – Demand for homes will continue to outpace supply.
#8 – Prices and rent will continue to climb as a result of the low inventory.
#9 – The South Florida real estate market, in general, is still a bargain compared to many other international cities like London, New York, Hong Kong, Geneva and more.
#10 – Simply put, your money here goes further.
Ok .. So there you have it. The 10 key trends to impact South Florida real estate in 2022.
I’m Jason Taub, your local REALTOR® here in Fort Lauderdale and the surrounding areas within South Florida. Whether you’re looking to Buy, Sell or Rent .. I’m available 24/7 for ALL of your real estate needs. I look forward to hearing from YOU soon!
