It makes no difference if you are in the business or you simply love Weston real estate, it is always smart to know as much as you can about the South Florida housing market. After all, nobody wants to overspend on a Weston luxury home. You want to take advantage of the best deals available.
Experts seem to agree that president-elect Trump will alter housing regulations, having a direct effect on Weston real estate. For the first time, the millennial generation, aged 25 to 34, will begin to settle down, get married and start families. Rather than the beach, they seem to be heading more inland to the suburbs.
That means there will be more and more younger men and women buying Weston homes for sale. At the same time, homes for sale in Weston will be targeting them with new outlets, such as social media.
The number of millennials buying all types of homes in Broward County will continue to grow, as baby boomers will begin to retire. And with retirement often means downsizing, but not always. Grandparents certainly love opening their homes to their families in the winter. As a result, more and more apartments on Weston real estate can be expected to be purchased in the next twelve months.
The average value of Weston real estate is expected to go up by roughly 3.5 percent in 2017. In other words, the overall Weston real estate market is taking a small hit from this year, when that percentage rose by more than 4.5 percent.
The price of homes is rising, but that’s to be expected in the industry. As a direct result, more and more individuals, as well as families are moving out to the suburbs. Rather than investing high costs in a Fort Lauderdale, Miami or West Palm Beach home, folks are turning to more affordable Weston real estate. Many of these home buyers were college students at Florida Atlantic University who are just entering the competitive job market for the first time.
Of course, it’s not all good news for the 2017 Weston real estate market. There seems to be a shortage in the South Florida construction industry. It will only get worse when Trump deports all the illegal workers. That means the big companies must compete to get the most talented employees by offering higher paychecks. Those costs are passed over to Weston real estate buyers.
It all comes down to affordability. Why spend an arm and a leg to live in a tiny studio downtown when you could buy gorgeous Weston real estate for a fraction of the price? After all, South Floridians can now take advantage of roads like 595 and the Turnpike to quickly commute in and out of the cities.
If you are planning to buy Weston real estate anytime soon, you will be better off doing so as quickly as possible. Mortgage rates are only going to go up. In fact, you should make your move before June or July, when a large percentage of Weston real estate buyers appear on the scene from the Northern States.
About Berkshire Hathaway HomeServices Florida Realty:
Berkshire Hathaway HomeServices Florida Realty has 42 locations serving 19 counties throughout Florida and approximately 1,800 sales professionals. The full-service brokerage, founded in 1999, is a wholly owned subsidiary of WCI Communities, Inc. To learn more about the best Weston real estate business, visit www.BHHSFloridaRealty.com today.
