If you are looking to buy a home in 2016, Fort Lauderdale might be the right place to buy.
Forbes Magazine released its 2016 list of Best Buy Cities and Fort Lauderdale came as number seven (7) of the top twenty.
Real Estate reporter with Forbes wrote: “Each of our Best Buy Cities boasts healthy job growth, strong population growth, and anticipated home price appreciation.”
With a 20 percent home price growth forecast over the next three years, 3.2 percent annual jobs growth (contributing to Fort Lauderdale also being named one of the best cities to find a job in 2016), and 4.5 percent three-year population growth rate, buying a home in Fort Lauderdale known as the Venice of America could be a good idea.
With twenty cities on the list, Florida, proved to be providing buyers good value. The six other cities were Orlando (No. 2), Cape Coral (No. 10), North Port (No. 12), Tampa (No. 14), Jacksonville (No. 18) and West Palm Beach (No. 19).
With an economy that has stabilized and in the process of growing, Fort Lauderdale becomes one of the favorite places for vacation, retirees and a desirable place to live.