The recovery of both the economy and the Florida Real Estate market has been a widely covered and debated topic for the past couple of years. In response to this, there seems to be a divide on those who feel that the market is back on the rise, while others see a few more years of bumpy roads ahead. In a recent meeting at an annual Real Estate Trends and Strategies Conference, one University of Florida research economist , David Denslow, voiced his opinion that the economy and real estate industry have better times coming.
This prediction is based upon a couple of reasons: first, that other nations have invested in relatively secure U.S. treasuries, and second, that retiring baby boomers will provide a steady inflow of income and sales once moving to Florida. The boomers, will of course, have to regain some financial stability from the economy first, and sell their northern properties before migrating to SWFL, but Denslow feels that the influx of new residents will be a source of income for the next fifteen years. The idea that follows is that this additional income and need for real estate will spread out into other industries, and provide even further economic support in Florida.
Along with these predictions, however, come caveats. In order to maintain some sort of economic diversity within Florida, many other experts in the real estate industry acknowledge that there must be a larger focus than just tourism-related jobs and businesses, such as improving roadways and bettering schools. On a larger scale, Denslow also commented that the lowering the national debt will be a key factor in repairing today?s economy.
