Florida has long been known for holiday or vacation properties, retirement, and sunshine. In the real estate boom years 2003-2005, Florida became known as the place to invest and resell property for a quick profit. Sadly as the boom came to a crashing halt at the end of 2005, Florida saw a dramatic decrease in real estate activity. As buyers tightened their finances in 2006, homeowners and investors desperately needed to sell. Thus, 2007-2009 will be remembered as the years of foreclosures and short sales. Investors began returning in late 2008 to take advantage of the great deals, particularly in new home construction and condominiums. With prices being anywhere from (more…)
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