Ep. 84 Daren Blomquist: Which Florida Markets are Hot? Which are not?

Posted on by

Don’t miss a single show!

Get the Invest Florida Show Mobile App! Click here—-> Apple Android

headshot_daren_blomquistReal estate investors always keep an eye on Florida real estate markets. Not only does the state serve as a national indicator of market trends, but Florida also represents a major real estate market in itself. Despite ups and downs, Florida has remained an appealing market for investors. Investors must stay on top of changing market trends and know what the hot Florida markets are as well as the ones that aren’t.

Listeners may recognize Daren Blomquist from his previous appearance on the show. Daren is senior Vice President of RealtyTrac, a nationwide real estate data analysis firm, providing real estate professionals in-depth and up-to-date information and research on a variety of markets. This episode Daren discusses the changing face of Florida real estate as he covers some hot Florida markets emerging as well as ones that are winding down.

  • Florida market in strong recovery, but not at previous peak
    • 52 consecutive months of year-over-year increases in home appreciation
    • 12% in  appreciation since April
    • Successful transition from cash-buyers to FHA financing
      • 26% increase in FHA financing
      • 11% decrease in cash purchases
  • Foreclosures still lead, but in decline
    • 11 month decrease in foreclosures
    • 10% increase in flips statewide
      1. Deltona, Daytona Beach, Ormond – 49% y-o-y
      2. Tampa – 11%
    • Jacksonville – hot flipping market and highest gross returns on flips
  • Home appreciations on the rise
    • Cape Coral and Punta Gorda lead state, though seeing decrease in flips
  • Affordability remains market concern
    • Home appreciations are outpacing wage growth
    • Affordability index of 100 or above is normal; below 100 is less affordable
      • Cape Coral – 100
      • Punta Gorda – 100
      • Naples – 102
  • Institutional buyers in decline, but still active
    1. Jacksonville
    2. Pensacola
    3. Tampa
    4. Ocala
    5. Lakeland

Investors and listeners can find out more about current, local affordability index data by visiting www.realtytrac.com/news

For those who want to learn more about the hot Florida markets and the premium service packages offered by RealtyTrac, visit their website and subscribe! Listeners to the Invest Florida Show are eligible for a discount on subscription. To find out more about this offer, contact marketing@realtytrac.com or call 888-408-4396.

 

One thought on “Ep. 84 Daren Blomquist: Which Florida Markets are Hot? Which are not?”

  1. Hello My name is Julio Perez,

    I am the marketing specialist for the Serralles Group. I will like to refer to you a new Guest for your show. His name is Edward “Eddie” Serralles.

    Eddie Serralles is a Realtor and Mortgage Broker for almost 30 years serving the Tampa Heights Area. Along with being realtor, Eddie Serralles teaches people about real estate investment for FREE and tries to reprogram their mindset on buying a Single Family Residence and convincing them to purchase Multi family units. His saying is “Have your Home work for you”

    I believe Eddie will give entertaining and eye opening point view of the show that many will enjoy.

    Here is a sample of his class “https://www.youtube.com/watch?v=eJjNBKqEMDU”

    Looking forward to hear from you.

    Julio Perez
    Marketing
    Serralles Group
    813-307-0007

Leave a Reply