Cape Coral recently received strong ratings and a positive outlook, including an A+ from both Standard & Poor's (S&P) and Fitch, and an Aa3 rating by Moody's. These positive rating changes were impacted by the city's strong fiscal management, growth outlook and low unemployment rate which is currently at 4.8%-well below the national and state levels of 5.4 percent.
Staff from the Cape Coral Economic Development Office participated in the meetings with the bond rating agencies. EDO staff was able to share details and data about the rapid growth going on citywide, including an increase in commercial permits, up 30% from the previous year.
Without a doubt, the city is experiencing excellent growth right now and is expected to continue posting strong returns in the value of residential and commercial properties. As these realities take shape in the marketplace, additional construction opportunities and growth is expected to take place throughout the city. It truly is a great time to be living in paradise!
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There are still plenty of Florida Vacation Homes in Cape Coral for great rates available compared to other cities in SW Florida.