For decades, the state of Florida has been associated with substantial growth, development and opportunity, particularly with respect to real estate, ripe for developers and foreign investment. South Florida, especially, is often viewed as a trendsetter in the realm of real estate development, and its ebbs and flows are frequently used to gauge the stability of the U.S. real estate market as a whole.
One particular trend that has emerged over the last few years is the shift in consumer housing ideals. Historically, consumers sought to purchase property in the suburbs in an effort to distance themselves from their work environments, and to get more land and square footage outside the “hustle and bustle” energy surrounding major downtown areas.
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