Look for buying opportunities to be with us for sometime in the resort area as economic issues facing the U.S. will not be readily resolvable quickly. Florida’s population growth will not be as high as it generally has been anytime soon, until people in the Midwest and northeast are able to sell and relocate. This may take us out into 2010 or 2011 before we really begin to notice a change.
Surprisingly enough though, one report indicates that Orlando may fare better and outperform other markets because it has experienced less speculative overbuilding, has a better job market, and has fewer new condominiums than other Florida urban markets. (2009 Fund Real Estate Forecast)
To reiterate on our post on the 9th, the window of opportunity is definitely now open. Be thinking about it…
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