Forbes’ 2016 top cities to invest in is out and seven of the best investment cities are in Florida. Two, West Palm Beach and Fort Lauderdale, are in South Florida. The Fort Lauderdale Metropolitan Statistical Area and Divisions (MSAD), which includes Fort Lauderdale, Pompano Beach and Deerfield Beach, has a three-year home price growth forecast of 20%. West Palm Beach’s MSAD, encompassing West Palm Beach, Boca Raton and Boynton Beach, has a three-year home price growth projection of 23%.
Based on Florida’s employment recovery and the overall improvement in the national economy, Florida dominates the housing investment list for 2016. Those are the “scientific” reasons given. In my opinion the weather, water, cultural diversity and favorable tax climate are also contribute to Florida being a great place to live and invest!