Southern Florida Condo Market Set to Take a Dive � The Real Estate Bloggers
Southern Florida Condo Market Set to Take a Dive
The condo marketplace in Southern Florida is coming to a screeching halt as the speculators have left and the developers are looking at an over supplied market. Speculators, or flippers, have been very active in the south Florida condo market driving up prices and demand at a record rate.
Many pundits attributed the velocity of the market to foreign demand and relocation. Now that interest rates have declined and the market slowed, many of the condos that have been recently built are just partially filled and those that bought to flip are try to sell desperately.
The condo marketplace in Southern Florida is coming to a screeching halt as the speculators have left and the developers are looking at an over supplied market. Speculators, or flippers, have been very active in the south Florida condo market driving up prices and demand at a record rate.
Many pundits attributed the velocity of the market to foreign demand and relocation. Now that interest rates have declined and the market slowed, many of the condos that have been recently built are just partially filled and those that bought to flip are try to sell desperately.
posted by James Haft at 5:14 PM
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