A recent report from ADP, the nationwide payroll processing company, revealed that Florida’s largest monthly employment gain for 2013 came in December.  Statewide, over 25,200 jobs were added, second only to Texas’ gain of 29,100.  Altogether, Florida obtained over 170,000 jobs in the private sector during 2013–and this figure does not include public-sector jobs.  Furthermore, across the U.S., ADP posits that more than 238,000 new jobs were added during December of 2013, which greatly exceeded the government estimate of 74,000.

 

Many of the new jobs in Florida were in the service sector, with 21,840 new employees in administrative, entertainment, and related fields.  This is due largely in part to Florida’s tourism industry, which continues to expand each year.  The second quarter of 2013 alone brought in a record 23.4 million visitors, with many more arriving in the winter season.

 

What does this mean for Central Florida’s real estate market?  Interest in the region is becoming extremely strong.  As tourists and snowbirds make vacation plans, many will start to invest in vacation homes or even to permanently move to a warmer climate.  This rise in service jobs is expected to parallel a steadily-growing number of home sales.

 

Real Estate Closing Solutions of Florida takes pride in keeping our clients up to date on the latest real estate news. We provide the best and most reliable title and closing services in the industry, as well as referrals for Realtors, lenders and builders in the area. With two convenient locations in Orlando – Dr. Phillips and Downtown Orlando – we are positioned to provide our clients with all of the latest news and information regarding the real estate market. Call us at 407-615-8550 today or stop by our office for more information on our title and closing services.