I receive this question all the time: Are we in a bubble? First, I’m a real estate agent, not a fortune teller, so I can only predict things based on what’s happening now and what I’ve seen in the past. Yes, the market is hot, but I don’t believe we’re in a bubble, especially here in Fort Lauderdale. We’re close to the ocean, and many people want to come here.
“There’s currently high demand in the areas people have always dreamt of living.”
Most people can now work remotely from wherever they like, so they’re realizing they can live almost anywhere they want. Florida is one of those areas where many people dream of living, so the exceptionally high demand we’re seeing in these market conditions shouldn’t be all that surprising. We have no state income tax, and if you mix that with our sunshine beaches and wonderful weather, you can see why people are moving here.
Interest rates are also low, and that likely won’t change for a while because the Fed has stated they’ll keep rates low for at least another year or so. If you’re considering selling, now is an excellent time. We have a shortage of inventory, which means sellers will get top dollar because there’s more demand right now. If you want to buy and it’s within your budget, it’s also a great time to purchase.
If you need any information or want a consultation to see if it’s the right time for you to buy or sell, please give me a call or send an email. I would love to help you.
