Long-Term SouthWest Florida Real Estate Outlook
The fundamentals of long-term demand remain strong, said Bradley F. Hunter, who directs Metrostudy’s market research operations in the Naples-Fort Myers market.
“Demographic and economic trends suggest continued growth in demand for new homes over the long term, driven by a current average annual growth rate of 18,600 new jobs. That is an impressive number, given the low unemployment rate — 2.3 percent — in this market.”
Metrostudy’s absorption figures represent move-ins evidenced by actual signs of occupancy, said Hunter, who noted that move-in statistics are a better measure of real user demand than others including deed recordings and contract sales, both of which are artificially inflated by speculative purchases.
Read the full article from the Naples Daily News.