Is the Florida Real Estate Market Over?

Author: Lance Mohr

| Posted: 12-10-2007 | Comments: 0 | Views: 6 | Rating: (51)

(?)

On Saturday, September 30, 2007, The Wall Street Journal carried a blaring headline that read:

Is Florida Over?

The article was directed towards the Florida real estate market and addressed the idea that the market in the Sunshine State has gone bust. Before the question of whether Florida is over can be answered, a person really does need to understand the realities of the Florida real estate market over the course of the past year.

First of all, over the course of the past year, more people have moved out of Florida than into the Sunshine State. However, despite the fact that more people are heading out of Florida than in, there is not anything like Florida flight occurring at this point in time.

Second, there have been a record number of home foreclosures in Florida in recent times. However, while there has been a significant increase in the number of foreclosures being filed across Florida, Florida is not the leading state when it comes to these types of mortgage problems.

Finally, homeowners insurance rates in Florida have skyrocketed in many parts of the state over the course of the past several years. This is due in part to the natural disasters that have plagued Florida for the past fifteen years.

Although The Wall Street Journal article referenced a moment ago does paint a pretty grim picture for the future of Florida real estate, the fact is many experts believe that there is definite light at the end of the tunnel.

The fact that Florida property prices are dropping at the present time does create a buyer's market. While this is not a positive development for sellers, investors and individuals interested in moving up in the residential market should consider taking advantage of the recent market trends.

Sellers can take heart in some developments in Florida as well that will impact the real estate market. First of all, the Governor is leading an effort to bring down property tax rates in the state to provide some relief to homeowners. (This should also positively impact the ability of a person to obtain a better sales price on a property should they decide to sell.)

In addition, the Governor and other governmental leaders in Florida are working to develop a meaningful program of providing homeowners insurance relief. Once again, this is also expected to benefit homeowners on many levels including making real estate more salable in the more immediate future.

The fact is that there are a number of factors pertaining to the marketplace that likely will stabilize the residential, retail and commercial markets across the Sunshine State in the not too distant future. In other words, for buyers and sellers alike, being involved in the Florida real estate market will again be a positive experience.

Rate this Article:

Current: 0 / 5 stars - 0 vote(s).

Article Tags: Florida Real Estate, Tampa Real Estate

Article Source: http://www.articlesbase.com/destinations-articles/is-the-florida-real-estate-market-over-234126.html

Print article

Send to friend

Publish this Article

Author feedback

About the Author:

Lance Mohr is your Tampa real estate expert, with over 10 years of experience in real estate sales and 18 years of investing. Please visit our Tampa Real Estate website and add our Tampa real estate blog to your favorites section of your browser.

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Add new Comment

Top 10 Inexpensive Tips to Getting your Home Ready to Sell
By: Wildfire Marketing Group | 25/06/2007 | Real Estate

Using your Head When Buying in Tampa Bay
By: Jeremy Sposato | 25/06/2007 | Real Estate

Advantages of Buying Tampa Real Estate
By: Lance Mohr | 15/01/2008 | Real Estate

Florida Condos - Good Deal Now
By: Calum MacKenzie | 24/01/2008 | Real Estate

Florida Real Estate, Why Do you Buy? the Question That Realtors Should be Asking
By: Calum MacKenzie | 13/07/2007 | Real Estate

Florida Real Estate, Why Do You Buy? The Question That Realtors Should Be Asking
By: Calum MacKenzie | 16/07/2007 | Real Estate

Finding The Right Loan Officer Before Buying A New Florida Home
By: G Beaty | 12/03/2006 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

Come Visit South Florida, You May Never Want To Go Home
By: Robert Lipply | 28/03/2007 | Destinations

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

I'm looking to buy a house and I need to know what ...
By: REman7 | 19-06-2008
I'm looking to buy a house and I need to know what things I should look out for when shopping around. Does anyone have any tips?

I'm looking to buy a house in San Diego. Does ...
By: REman7 | 19-06-2008
I'm looking to buy a house in San Diego. Does anyone know of a good real estate agent in San Diego?

Monthly payment on real estate
By: roxysmom87 | 11-06-2008
I am thinking of renting an aprtment or buying a starter home. I make $50,000.00 a year. What monthly payment could I afford.

Capital Gains Tax and Active Duty Military
By: embarkguru | 31-03-2008
My DH is active duty military and set to retire in 3ys. We are selling our home and moving into Base Housing during that time. How long do we have to reinvest the profits of that sale without having to pay Capital Gains Tax?

Axilla pain
By: Heni | 12-03-2008
Hi, I have pain in my right axilla every month just before my period. Could this be a sign of breast cancer? There is no swelling or any lump, but the pain is quite disturbing.

Where should I buy Private Label for real estate ...
By: wtrade18 | 25-02-2008
Where should I buy Private Label for real estate investment related products?

Q&A Powered by:

Latest Destinations Articles

Why People Marry At The Caribbean Resort
By: Anna Stenning | 10/10/2008
Looking at why the Caribbean is one of the top choices of location for people to get married.

Europe Is The Leader In Christmas Markets
By: David Brice | 10/10/2008
Are you looking for a city break with a difference ?

48 Hours in Cork
By: Russell Shortt | 10/10/2008
48 hours in Cork

Rose of Tralee Festival, Ireland
By: Russell Shortt | 10/10/2008
Rose of Tralee Festival, Ireland

Ring of Kerry, Ireland
By: Russell Shortt | 10/10/2008
Ring of Kerry, Ireland

Puck Fair Festival in Ireland
By: Russell Shortt | 10/10/2008
Puck Fair Festival in Ireland

48 Hours in Galway
By: Russell Shortt | 10/10/2008
48 hours in Galway

48 Hours in Belfast
By: Russell Shortt | 10/10/2008
48 hours in Belfast

More from Lance Mohr

Tax Sales and Your First Home Purchase
By: Lance Mohr | 15/01/2008 | Real Estate
Most people think of foreclosures as the only good way to get a good deal on Tampa Bay real estate. This is simply not true. Tax sales are another great way to get a steal.

Applying for a Tampa Home Mortgage Loan on the Net
By: Lance Mohr | 15/01/2008 | Real Estate
Applying for a home mortgage loan online can be tricky. But we have outlined some great advantages of applying online.

Advantages of Buying Tampa Real Estate
By: Lance Mohr | 15/01/2008 | Real Estate
While the Florida and Tampa real estate markets have been suffering over the last couple of years there are some distinct advantages for buying in these markets right now.

The 21st Century Ghost Town: The Aftermath of Bankrupt Developers
By: Lance Mohr | 15/01/2008 | Real Estate
The 21st Century Ghost Towns are one of the scariest scenarios for home owners. With new construction developer going belly up you will need to know how to avoid buying a new homes in the wrong development.

The Benefits of Energy Saving Improvements
By: Lance Mohr | 15/01/2008 | Real Estate
Selling a home in the Tampa real estate market can be a long and unrewarding experience for some people. But if you take some step to make it green, it is that much easier.

5 Tips to Save Money on Your Tampa Home Purchase
By: Lance Mohr | 14/01/2008 | Real Estate
These five great tips will save you money when buying Tampa real estate.

Buying a Home: Tips for Making a Solid Offer
By: Lance Mohr | 12/01/2008 | Real Estate
If you are looking at purchasing a home in the Tampa realestate market follow these tips for making a solid offer and getting the home of your dreams.

How Much Home Can You Afford? Calculating An Affordable Mortgage
By: Lance Mohr | 09/01/2008 | Real Estate
Things you need to think about when calculating an affordable mortgage.

Article Categories

Article Marketing

Article Notepad

Stop Duplicate Content

Term Papers

Need Help?

Sign up for our email newsletter

Receive updates, enter your email below

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2008 Free Articles by ArticlesBase.com, All rights reserved. (0.55, 17)

Is the Florida Real Estate Market Over?

Article Comments

Related Articles

Got a Question? Ask.

Latest Destinations Articles

More from Lance Mohr

Need Help?

Site Links

Webmasters

Business Info

Sign up for our email newsletter