Real Estate Market Decline Felt Most in Florida

Business Week cites Florida as the toughest market for buyers and sellers. The downward decline in home prices is a national trend but the building frenzy in Florida makes the Sunshine State more vulnerable to over supply and price plunges than other states—although markets like San Diego, Phoenix, Las Vegas, Boston, and San Francisco are mentioned as trouble spots. Interestingly, the article also references the fact that Florida does draw a significant amount of Latin American, European, and North American investors due to climate and geography, which have, for the most part, always benefited the state and will likely serve as the catalyst for market stabilization.

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