South Florida Markets

[ROBSWF]

Hey Sher this is good news for you!!

South Florida Booming!!!

South Florida Market Tightening
Fort Lauderdale's market leapfrogged 10 spots to No. 1 in Marcus & Millichap's 2005 National Index, displacing Washington, DC. Miami ranked seventh, up seven places, while West Palm Beach moved up two slots to 10th place. The limited amount of new construction helped propel all three South Florida markets into the top 10. Fort Lauderdale had the second highest forecast revenue growth of all 42 markets considered. Net absorption of space in 2005 in Fort Lauderdale should hit its highest level since 2000.

source loopnet.com

 

[Sher]

It's the truth

Yep and that's a fact.....all of our Realtor clients are having coniption (sp?)fits....no properties available to list. Things moving overnite. Could sell my house for close to 4 times what I paid for it three years ago but then what..where do you go. Just sitting back and watching. Rentals almost non existant...........but in some quarters the money is tight....we try to stay out of those quarters!!!! lol
Thanks for the article.
Sher