Are house price increases in Florida about to make a come back

http://www.bizjournals.com/orlando/stories...70&hbx=e_du

Lopin

the answer is NO.

Florida is only at the begining of the price falls. Wer'e down about 10 to 20% from the autumn 2005 peak. On many STR sub-divisions around US192/US27/Lake wilson road/Davenport, there is 5 to 10 years supply of resales at current demand. Repos/distressed sales won't peak until 2008/09. Discretionary buyers don't buy property in a falling market.

All the 'non vested interest' data points to this.

Pablo Silver or Lead?

Hi Pablo,

I am following the cost of lots of land in Florida. I am concentrating in South Florida, especially the region Fort Myers and Melbourne - Vero Beach. I have not been to Florida in 7 years after living there for 10 years.

Which area of these two do you think will reach bottom first and about when (late 2007?, 2008?)? How are the areas of Palm Bay or Lehigh Acres? Swamp or dry land?

rondy

are you looking at land or pre built.

I don't know the areas on that area of The Atlantic side that well but at current exchange rates worth a recce trip. Who knows when the bottom will come? To give yourself the best chance of recognising it you have to follow the big picture/stats on sales v inventory, days on the market and prices. I would also bench mark and follow specific properties in your chosen areas of interest.

Pablo Silver or Lead?

lopin

this is why the only way is down for the forseeable future

http://www.reuters.com/article/domesticNew...FEATURE_economy

Pablo Silver or Lead?