Florida Real Estate Market Could Lose Some Foreign Investors
The Florida real estate market is a hot spot for foreign investors. Whether people are looking for waterfront property or big city condos, vacation homes or time-shares, Florida real estate is always in demand. It has been especially in demand over the past five years thanks to low mortgage rates. Low rates may explain why so many foreign investors poured millions of dollars into mortgage-backed securities.
However, interest rates are finally on the rise and the number of mortgages written for Florida real estate is starting to slide. As the Florida real estate market becomes more and more sluggish, mortgage-backed securities won’t be as profitable as they were between 2001 and 2005. This could lead foreign investors to take their money elsewhere.
However, interest rates are finally on the rise and the number of mortgages written for Florida real estate is starting to slide. As the Florida real estate market becomes more and more sluggish, mortgage-backed securities won’t be as profitable as they were between 2001 and 2005. This could lead foreign investors to take their money elsewhere.
