Whether you are trying to sell your Miami Beach home or are hoping to buy a luxury waterfront Miami beach home, the latest report from Fannie Mae’s Economic & Strategic Research Group shares a positive outlook for buyers and sellers of Miami Beach Real Estate.
The Group report nationwide trends that indicates a marked increase in consumer spending since 2010 and a “modest re-acceleration” is predicted for the rest of 2013 due to a stronger labor market and improving financial and housing market conditions. For Miami Beach Housing Market, this trend is even more positive as growth, international and cash buyers, and a thriving market help to push Homes for Sale in Island and Waterfront Miami Beach communities. Nationwide, however, growth of 2.2% in housing and market conditions for 2013 is further anticipated, which is good news for your Miami Beach home for sale.
According to Fannie Mae Chief Economist Doug Duncan, a sustainable pace is continuing in the Miami Beach housing market, and should “act as a tailwind for the economy throughout the year and into 2014.” The Economic & Strategic Research Group cited continued increased Miami Beach home demand as a possible significant contributor to growth in 2014.
Duncan went on to state, “Our May forecast predicts that the second half of 2013 will be a little stronger than the first half, despite the slowdown during the past couple of months.”
As the housing market shifts, does it change how you feel about your home status currently?
Do these statistics spur you towards selling your Miami Beach home?
As a Miami Beach buyer, does this information cause you to feel that now is the best time to buy your Miami Beach home?
If so, there are lots of options to consider as you buy and sell Miami Beach homes. If you have questions, please feel free to contact me, your Miami Beach specialist click here.