Friday, April 30, 2010

Florida real estate market has hit bottom

Florida real estate markets show the first tentative signs of recovering from the most painful recession in the state's history, according to the latest University of Florida (UF) report.
Results of our first quarter survey indicate that the real estate market in Florida has hit bottom and is in the process of stabilizing across most property types.
But while most of the survey respondents report the market probably won't get any worse, few say it has actually begun to improve significantly yet.
On the positive side, private capital – both foreign and domestic – is continuing to enter the state in search of quality investment deals. As banks start to deal with their problem assets, more deals will come to market.

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