Even though it’s taken a while, today, Florida housing is in a good place. Throughout the nation, home prices are returning to their peak prices. Indeed, Florida housing prices increased by around a fifth in 2013.
One of the reasons Florida housing prices (along with others in America) have returned to their peak is due to an increase in hedge funds and other investors which have started aggressively purchasing residential properties in the last couple of years, buying distressed properties in bulk. The negative with this however, is that it will leave middle-class buyers with nothing to purchase.
In Palm Beach County, Florida housing and sales have become increasingly active. According to one realtor in the area, Jeff Lichtenstein, he has “the most [properties he’s] had at any given time,” right now, including a home listed in the PGA National resort, comprising over 5,000 homes. He notes how South Florida housing prices escalated 21 percent last year.