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South Florida

South Florida targeted by investors

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Palm Beach and Broward counties are among the top markets for would-be
investors looking to derive rental income, according to North Carolina
research firm Local Market Monitor, the Sun Sentinel reported. Broward
County is eight among 100 U.S. housing markets on the list, with Palm
Beach County ranked 14th. “We think Florida is one of the most
interesting states in terms of rental property opportunities,” said Ingo Winzer, president and founder of Local Market Monitor. “That’s because
home prices haven’t bottomed out, and rents will eventually be supported
by renewed population growth.” David Hicks, who is the president of a
Dallas-based rental investment firm, said now was the best environment
for investors in 30 years. [Sun
Sentinel]