A look at some interesting real estate trends in Florida

Ten years ago, Florida was ranked number one for real estate sales volume. It continues to perform strongly, right alongside New York and California, notes seasoned real estate executive Gene Bernshtam.

In addition to its huge appeal as a tourist destination, Florida's vibrant economy has attracted many businesses and new residents over the years. As a result, the importance of real estate development for this state remains high as it grows and is forecasted to do so.

The job market in Florida has been growing, with many employers relocating or expanding their businesses within the Sunshine State. Some of these companies are moving from New York, California, Nevada, Georgia, North Carolina, Texas, Pennsylvania, Illinois, Ohio, Wisconsin, Oregon, and New Jersey. The result of this has been an increase in demand for housing both from current residents and homeowners from other places who are relocating to the area.

Furthermore, Gene Bernshtam explains that Florida's real estate market is changing as it grows, with many areas becoming more popular than others. For example, the Miami -Fort Lauderdale- Pompano Beach Metropolitan Area added over 100,000 housing units in the past two decades.

This area has also seen a nearly 50% increase in residents, more than any other part of the state. Sarasota, Daytona Beach, Lakeland -Winter Haven, Tampa-St. Petersburg-Clearwater, Port St. Lucie, Ocala, Gainesville, and North Port -Bradenton-Sarasota are other areas that have seen increases in housing activities, Gene Bernshtam adds.

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