The Economy Of This City Is Fairly Vibrant

Category: Finance, Real Estate.

Hollywood, Florida might share its name with the famous Hollywood, but it is, California no way less illustrious than its well known cousin. This city is spread over an area of about eighty square kilometers and is home to approximately one hundred and fifty thousand residents.

Tucked away in the Southern tip of Florida, the city of Hollywood is on of the top ten largest cities in the state of Florida. This city, also known as the Diamond of the Gold Coast, has over ten kilometers of pristine Atlantic beaches. The city is relatively young, having being founded in 192However, the decades of 50s and 60s witnessed strong growth rates in economy as well as population. Various fresh water bodies cover about ten square kilometers of inland area. As of the year 2000, the city was home to real estate property valued at more than a massive six billion dollars. A back of the envelop calculation tells us that the population density of this city is touching 2000 per square kilometer. As of the last census, the city population of about one hundred and fifty thousand was spread over approximately thirty five thousand families housed in sixty thousand households.

With about 70, 000 housing units spread over eight square kilometers, the real estate density turns out to be just more than 950 housing units per square kilometer. Other important minority groups in this city include Spanish speaking citizens( a touch more than 20% ) and African Americans( about 12% of the entire population) . The population consists of primarily English speaking whites- about 78 percent of the population are Whites, and for about 67% of the entire population, English is the First language. The city has a vibrant social life, and that perhaps stems from that fact that the city population is relatively young. Hollywood scores fairly high on the infrastructure matrix. As much as 60% of the population is less than 45 years old, and the median age of the population of the city of Hollywood, Florida is 39 years.

The city is served by the 23rd busiest airport in US, the Fort Lauderdale- Hollywood International Airport. All these factors make Hollywood a great city to live in. The city is also home to a large number of public elementary, middle and high schools. The economy of this city is fairly vibrant. The population of this city has grown fairly fast between 2000 and 2005, and this growth is largely attributed to the steady flow of immigrants from other regions. If you have been planning to relocate to Hollywood, you will be in good company. With its salubrious weather, low cost of, vibrant civic life living and a relatively low crime rate.

There are now 4, 000 homes and condos for sale in Hollywood. Hollywood Real Estate is precious and elegant. Median price of a home in this city is about$ 347, 000 dollars and some are priced over$ 3, 000, 000 dollars. The no money down and 1 percent teaser rates deals are gone and so are many of the homes that were financed in this manner. Foreclosed properties are at an all time high as the banks readjust their adjustable rates and end a real estate boom that lasted for about three years. Savvy investors are buying selected properties in Hollywood. The Hollywood real estate market is still thriving and will continue to grow in coming years.