“Fort Lauderdale is growing at a rapid rate,” said Caryn Botknecht, an esteemed realtor and broker in the area. “New companies have settled in Fort Lauderdale over the past year bringing lots of new job opportunities with them.”

Part of the city’s appeal stems from the revocation of the unwritten, long-standing tenet not to build new construction on the beach as well as from recent transportation enhancements like the Brightline Train, which connect Fort Lauderdale and West Palm Beach. Two additional lines – to Orlando and Miami – are expected to soon open as well.

These new developments coalesce with long sought-after local characteristics – think a prime waterfront destination that encourages the sprawl of new neighborhoods – to attract not only investors but also millennials.

“There are a number of millennials that have come to Fort Lauderdale for job opportunities or to live in one of the most gorgeous and fun places with the best weather,” said Botknecht. “A number of them are renting at the moment but should turn into buyers within the next few years.”

As more and more home-seekers and investors are moving in the expanding real estate market in Fort Lauderdale, price levels and sales volumes are still readjusting to the new reality of spiked demand, which appears unlikely to slow down, Botknecht said.

“Fort Lauderdale is a hot place to live right now and for the foreseeable future,” she said.

Top Image: 3018 NE 22nd St, Fort Lauderdale, FL 33305 is offered at 10,900,000 by Caryn Botknecht.

The post Caryn Botknecht: Fort Lauderdale Is Hot A Destination With No Signs Of Slowing Down appeared first on Haute Residence by Haute Living.

Do these characteristics and traits sound like people you know in the Coachella Valley?

They might be your children, nieces and nephews, colleagues or neighbors. And they are showing a strong interest in the Coachella Valley real estate market.

According to a study by Realtor.com, millennials aged 25-34 make up the largest age demographic of prospective home buyers (24%) followed by those aged 35-44 (23%). Combined they make up nearly half of today’s buyer pool. Among the top 60 metropolitan areas by household count, the metros which saw the largest shares of older millennial listing views compared to the national rate (the “Millennial Index”) included Salt Lake City, Miami, Orlando, Seattle and Houston. Within these cities, the share of older millennial views were approximately 1.2 times larger than their share nationally.

Because the information above focuses on metropolitan areas by market definition, millennial ‘hot spots’ in broader metro areas (i.e., Brooklyn, NY) are not always included. As it turns out, the number one zip code search (in listing page views) by the older millennial demographic is the Coachella zip code of 92236, followed by Downey, CA and then Brooklyn, NY.

To see what homes these millennials are looking for, download my FREE real estate app ‘Palm Springs Home Search’ via the Apple App Store or Google Play: https://homestack.com/a/palmspringshomesearch

William Landesman is the exclusive agent representing the Palm Springs, Rancho Mirage, Palm Desert, Indian Wells, La Quinta, California real estate market as a member of the Haute Residence Real Estate Network. Contact him here!

Image courtesy of William Landesman

The post William Landesman: Are Millennials Ruling the Coachella Valley Real Estate Market? appeared first on Haute Residence by Haute Living.