California real estate research company, Clear Capital released a forecast predicting market stabilization in South Florida. Florida as a whole will see its markets continue to stabilize in 2012 due in large part to lower priced homes and a high percentage of cash transactions. Further, as we reported earlier in the week, investor activity in Florida is also very high.
What does this mean for our sellers and buyers? For sellers, their homes will be worth more depending on the inventory in the area and home prices in the area and building, but also all of the homes will likely experience a gradual increase in price. For buyers, this is a wonderful time to buy and cash buyers will have a marked advantage over non-cash buyers in the state of Florida in particular. Commercial investors will also likely experience gains in their property values as foreign investment in South Florida is high. The outlook for residential and commercial real estate is by most accounts is looking good!