Source: Fox Business —
With new data on the number of U.S. realtors indicating declining membership growth this year as agents head for the door in once-hot markets, real estate experts predict Florida will stay steaming despite the exodus.
“It’s not an accident,” National Association of Home Builders CEO Jerry Howard said Wednesday, “that there’s 1.9% [population] growth in Florida. Florida is encouraging growth across all sectors, as are the Carolinas. And that’s where people are moving. That’s where you can still build.”
On “Varney & Co.,” Howard’s commentary was paired with two Florida real estate leaders who made it clear they’re not leaving the Sunshine State anytime soon – even though home sales have decreased since last year.
“There’s just less transactions,” Echo Fine Properties owner Jeff Lichtenstein told FOX Business’ Madison Alworth from Miami Beach. “We’re about 40% down from December of last year versus December of this year. And so all that money from the stimulus money, interest rates went from 3% to 7%, all that just has made less transactions out there.”
Not making headwinds due to declining sale opportunities didn’t hold Echo Fine Properties agent Aviva Wittenberg back from starting her career in Florida four months ago.
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