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miamiIt’s taken a lot of patience, optimism, and countless breathing exercises but the silver lining is finally here and we are right in the midst. The economy is stable, our feet are on the ground resulting in more jobs and good news for the property industry. For the first time in nearly five years, we are seeing an increase in sales and building. Miami has grown a lot since it was hit hard during the economic recession. In recent years, we have still felt the strain but it has lessened tremendously since the beginning of 2013. Florida’s unemployment rate dropped to 7.8 percent in 2013, its lowest since November 2008. This was also the  first time in years that Florida came in lower than the national jobless rate which was 7.9 percent at the time. Early 2013 was where Miami had its last big financial hit; unemployment increased from 8.9 percent in December 2012 to 9.3 percent in January 2013, while Broward’s dropped from 7 percent to 6.7 percent in January 2013.

There is hope and we’re happily on the rise again. Ness Property Management Group, Inc. is thrilled to serve you and your potential buyers/renters. South Florida home buyers are going to have a larger selection of homes and condos to choose from this season. There is going to be a greater chance of loans and hopeful bank approvals in 2014.

The Miami area has bounced back from a five-year low blow that affected this metropolis more than any other city in Florida. It’s back to being that vacation destination, iconic cultural hub, and a sought after community from everyone from new families to university students. Miami will continue to build and create a more stable and stronger environment to live in.