Well, the past few years has definitely been a bit of a hectic time in the real estate industry. Nowhere in the country did the rapid appreciation of the market affect buyers so as in sunny Florida. Can you believe that at one point properties were appreciating at 5% per month??!! That is a 60% return on investment per year. Can you imagine buying a home for $100,000 and having it worth $160,000 the next year? Well that is what was facing buyers in Florida. While home sellers were clocking up profits at a now legendary rate, home buyers were lined up to buy and some got rapidly priced out of the market by the appreciation alone! But as they say "all things change."
This is indeed what has happened in Florida and this has made the possibility of View the rest of this article
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