Wednesday, September 23, 2009

Immigration population slowing

Wow. For years we have read and experienced first hand the growing number of new residents in the area that come from other countries. Our new friends and neighbors created an unprecedented growth spurt for Florida.

Now I read that the trend is stalling. Miami-Dade County's population, which has grown steadily over the years, hasn't changed much since 2006, according to data released yesterday from the annual American Community Survey. The impact on the real estate market may be felt down the road as prices and sales are driven by supply and demand.

There have been a lot of articles on the subject over the last two days. This one from Florida Association of Realtors is easy to read and important to note:

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