In times of financial upheaval, experts look to real estate as the main indicator of economic recovery. Florida's road to real estate stability is a solid indication that the Sunshine State's economic recovery is undeniably within reach.
JP Morgan strategist Stuart Schweitzer was one of the first to acknowledge the signs of a slow but steady turnaround taking place in Florida, and he foresees the continuation of this growth across America as the overall economy strengthens. He predicts that the property market will be "more of a plus for Florida and for the nation in 2013 than it was in 2012."
Neil Kozokoff also knows a thing or two about the real estate market in Florida, with experience in property investment and development under his belt as president of The Parkland Companies and as a principal in Pensam Capital, which specializes in apartment projects.
In light of Schweitzer's optimistic outlook regarding the future of Florida's real estate market, Kozokoff expressed his personal opinion on recent real estate activity in a press statement, which read: "All signs here in Florida indicate that the market has been moving in the right direction, and will continue to do so in the coming months and years". He went on to add: "Apartment prices are going up, rents are going up and, for the first time in a very long time, some properties are actually completely full."
This is the latest promising property investment news to have surfaced amid a string of expert opinions, reports and statistics pointing to one conclusion: after being one of the hardest hit areas during the recession, Florida's real estate market and overall economy are displaying real signs of a long-term, ongoing recovery.
