Port St. Lucie Real Estate Covered In Wall Street Journal Article
A recent article in the Wall Street Journal mentions Port St. Lucie Real Estate in regards to real estate investing (link below). The article covers the worst and best real estate markets for investors, with Port St. Lucie coming up in the middle.
The article considered Hagerstown, Md.; Jacksonville and Port St. Lucie, Fla.; Modesto, Calif.; and Myrtle Beach, S.C. as “speculative”. They state, “these areas have a chance at further decline, but also have a potential for increases of 3-5% a year after hitting bottom.” In other words, investing in Port St. Lucie, or Myrtle Beach could bring the 3-5% return now, or decrease further, then increase in the 3-5% per year range.
Having been in real estate in Port St. Lucie for 35 of my 40 years on earth (I was raised in the office), and being a full time licensed Realtor for the last 22 of those years, I can’t see where prices here could decline
any more, but if there were to be a further decline of 1-2%, then annual growth of 3-5%, you would still be coming out ahead. The most important point is that buying now would put you ahead of the investors coming in on the upswing, battling it out over the available inventory. According to a recent study (link below) done by the University of Florida, St. Lucie County and the Port St. Lucie area is projected to increase in population 75% over the next 25 years, with surrounding counties to the south and north only increasing 25% over the same time frame. With a population explosion like that, owning real estate now would give you one heck of a head start in the investing game.
The worst markets according to the article were hard hit areas like Las Vegas, Nevada and Orlando, Florida. These areas have the highest risk of further price declines before hitting bottom. The top spots to invest, according to the article were Durham, NC; Indianapolis, and Huntsville, AL. These areas have apparently hit bottom and prices are on the increase, which is the worst time to jump into the real estate investing scene.
If you are a real estate investor interested in Port St. Lucie, Stuart, Jensen Beach, or Palm City property, give me a call at 800-876-3535, or email me. If you would like the most up to date, accurate, and active only listing info, please click on the link below and fill out the short form. Once I receive it, I will set up an “Auto-Search” for you. The “Auto-Search” emails you only active listings that fit your criteria and it emails them to you as soon as they are entered into the MLS. It’s a great tool for investors.
Auto-Search – Auto-Search Form
Wall Street Journal Article – Real-Estate Investing: the Best and Worst Markets
Population Figures- University Of Florida Population Study
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