The latest winter season appears to be one of the best things ever to have happened to Florida in the area of residential real estate. The state currently ranks high in jumbo loan volume for its residential real estate. Both primary homes and secondary homes are in demand.
Jumbo lending is being driven by markets such as Miami Beach, where the median home price is nearly $3 million. Here, a waterfront estate can sell for as much as $40 million. Other areas with a high volume of jumbo lending include Naples-Marco Island and the Fort Lauderdale area.