Forbes.com - Sarasota, Florida #1Posted by Marc Rasmussen on Tuesday, December 6th, 2011 at 8:13am.
More good news for the Sarasota Florida real estate market. Take a look at this article:
All of the top 10 cities “picking up strength” are in the Sun Belt. Florida dominates the list with five snow bird hubs in the top 10: the North Port-Bradenton-Sarasota area (No.1), Fort Lauderdale-Pompano Beach (No. 4), Cape Coral-Fort Myers (No. 5), West Palm Beach-Boca Raton (No. 6), and Orlando-Kissimmee-Sanford (No. 10).
In Bradenton a little over six times as many people from outside the area were looking for properties there as the number of people living there looking for properties elsewhere.
Another sign of improving health in the Florida real estate market: Existing home sales along the coasts picked up somewhat dramatically this year, even in the slower summer and early fall months.
...both investors looking to purchase rental properties and Baby Boomers scouting for vacation and/or retirement properties are hunting for bargains in floundering housing markets in Florida and California. “Part of the long term trend is Baby Boomers moving toward retirement, and some of those that put off their searches while home prices were skyrocketing in the Sun Belt, are now looking again because prices have fallen so much.”
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