Forbes Magazine released its list of “Best Buy Cities: Where to Invest in Housing 2016” and Floridian cities have made the list.
Seven of the “sunshine state’s” metropolitan areas have made their name in the top 20 spots on this list. The Floridian cities that have made this list include: Orlando (No. 2), Fort Lauderdale (No. 8), Cape Coral (No. 10), Sarasota (No. 12), Tampa (No. 14), Jacksonville (No. 18) and West Palm Beach (No. 19).
These strong statistics indicate a correlation between, strong job growth in Florida and the rise in home prices. From 2014 to 2015 Florida experienced a job growth of 2.93%, which was the best among large states, even edging out California’s 2.90%. Because of the robust job growth, real estate investment also grows.
The article in Forbes claims that the best investment ideas for 2016 are rental properties. Thusly, compiling a list of great places to purchase investment property. With Florida real estate dominating the list, it just adds another great reason to the list of reasons to want to live in the sunshine state!