I’ve been writing in this space for months about the lack of inventory and increasing prices in the prime Fort Lauderdale and Wilton Manors neighborhoods. Now a new report from Wells Fargo shows that employment in South Florida is beginning to grow.
Historically, Florida is usually the first to fall into recession and also the first to begin to come out of recession. Our recession actually began in 2005. So this new report is just another signal that we may be slowly beginning our recovery.
With 30 year fixed mortgage rates at 4.08% and prices still at deep discounts from the 2006 highs, NOW is the time to consider buying your piece of paradise. If you’re ready to begin your search Ken Can Help!