Florida in Top 10 Best States for Job Growth Adds to Solid Foundation for Real Estate Appreciation
Another sign that the current real estate recovery in South Florida is based on solid base. Florida is one of only two states east of the Mississippi River to make the top 10 in Forbes list of best states to do business with a projected annual growth rate of 2.5%.
To achieve maximum appreciation with security your real estate investments should be in a market supported by real fundamentals, not artificially generated demand. This comes not only from job creation in the private market but also from the state government executing judicious budget practicea. For the third consecutive year, Florida has reduced its debt, dropping a record $1.6 billion in the recently concluded budget year, a state financial official told Gov. Rick Scott and the Cabinet on Tuesday. The amount of money Florida has borrowed to pay for roads, schools and other programs declined to $24.6 billion as of June 30 and is $3.6 billion below the peak of $28.2 billion reached in 2010. [Source: Sarasota Herald-Tribune]