Quite obviously, more jobs translate to more money going back into the economy which ultimately strengthens the Sunshine State as a whole. And, of course, the real estate industry will be part of that growth.
As Forbes detailed, one of the hardest hit areas during the recent recession was Florida as the housing bubble burst, damaging one of Florida’s chief sectors in construction, and cash-strapped tourists cut back on vacations. But, alas, Florida has marched back and is expected to be among the leading states for job creation over the next few years.
According to Moody’s Analytics, leading the way with jobs is Naples with projected annual gains of 4.6 percent through 2017. Other Florida metros that rank among the areas with best job forecasts include Cape Coral, Ocala, Port St. Lucie and North Port.
The other Florida metro in the top 10 – Orlando – is not dependent on retirees. It is the youngest non-college town in Florida by median age. Employment growth for Orlando is projected to average 4.2 percent a year through 2017, according to Moody’s, which ranks number four among the largest metro areas.
What’s the bottom line to all of this data and information? Florida has indeed become a great comeback story. Hence, we say keep up the good work!!!!