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NAR Says Florida Will Remain America’s No. 1 Destination

Florida will remain America’s No. 1 destination for the next 10 years, at least.

David Lereah, Chief Economist of the National Association of Realtors (NAR)

Florida has the highest share of real estate buyers from overseas of any state, 15 percent on average. Those foreign buyers will keep propping up Florida’s real estate market, lured by the U.S. import-export explosion, the high value of the euro compared with the dollar and the safety of U.S. investments amid turmoil in Latin America, Realtors group economist David Lereah and others said at the 2006 International Real Estate Congress and Expo at The Biltmore Hotel in Coral Cables, Florida.

With foreigners still buying, Baby Boomers starting to retire and warm weather a steady lure for northerners, ‘Florida will remain America’s No. 1 destination for the next 10 years, at least,’ Lereah said during the opening day of the three-day event.

Sun-Sentinel, June 13, 2006

Related Posts: SouthWest Florida Market Cycle, Still Sunny, Long-Term Outlook, Florida National and International Ranks #2 and #3

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