The South Florida real estate market continues to boom. Supply of inventory was at 5.1 months for luxury single-family homes when the Covid-19 pandemic began. Right now, the inventory is down to two months. In addition, many international buyers have shown interest in real estate opportunities in the area. In fact, international buyers are attracted to the low interest and a favorable exchange rate with the dollar.
This huge boom is part of an overall movement happening in South Florida. For months, technology and venture capital companies have been expanding or relocating to the area. In fact, Florida draws the second highest number of immigrants from other states after Texas. This is no surprise, as Florida and Texas are among the few states with more relaxed tax laws.
Read more: https://www.worldpropertyjournal.com/real-estate-news/united-states/miami-real-estate-news/real-estate-news-miami-property-news-patrick-oconnell-berkshire-hathaway-home-services-ewm-realty-bhhsewm-south-florida-housing-data-for-2021-12509.php
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