– When will the Florida real property market rebound from the devastating Hurricanes?
That’s the question that was raised Tuesday by the U.S. real estate and rental sector, which was responding to a question posed by CNBC’s John Harwood about the outlook for the state’s real estate markets.
“We have a lot of good news in the short term.
I think it is going to get better,” said Jason Bicknell, chief economist for the National Association of Realtors.
Bicknell also said he thinks that the Florida property market is now “at a plateau,” and that it will only improve over time.”
We’re looking at a period where you’re looking for more people to move out of Miami, so that will continue to slow down.”
Bicknell also said he thinks that the Florida property market is now “at a plateau,” and that it will only improve over time.
In an earlier statement, Bickneck pointed to the fact that the U,S.
economy has been slowing down, and that there are fewer people moving out of Florida and the state of Florida as a reason for the slow growth.
But that trend is likely to change in the coming months, as more people start moving out and fewer people start to rent, he said.
In the meantime, Florida realty markets are experiencing a downturn.
Census Bureau said that Florida lost an average of 14,000 jobs between January and June this year, according to a report by the National Bureau of Economic Research.
The Florida real-estate market has been struggling for years, but it hasn’t been this bad since the recession.
Bickney noted that the real-home prices have been going down, as well.
“It has been about 3.5% in price in the past year, and it is a little bit below that,” Bicknnell said.
“So it’s not like it’s really the worst time to be in Florida.
But it is kind of the worst.”
The average price of a home in Florida went up just 1.7% from February to May.
But, as you can see in the chart below, the Florida market has also experienced some of its worst price drops since the Great Recession.
Bicknett said that this trend could continue, and even increase, until at least 2019, when the U-S.
Labor Department says that Florida realtor sales are expected to peak.
“At the moment we are seeing some signs of recovery, but we’re in the process of making sure that the overall recovery continues,” Backnell said, adding that he expects that prices will rebound for some time.