News for UK buyers of Orlando property

Is Florida Housing Slump at a Bottom?

Is it time, at long last, to head down to Florida to start looking at homes?

Maybe. The chart from Wellesley College Prof. Karl E. Case, one of the leading experts on the housing market in the country, suggests we may be at or near the bottom of the housing crash.

Prices may still fall further. Yet if you are tempted to keep waiting for homes to get a lot cheaper, there are several reasons to think that might not happen.

First, there are too many other bargain hunters out there.

Second, the falling dollar has made these homes even cheaper to foreign buyers. There are plenty of people in Europe for whom Florida is now a bargain.

Posted: 6 May 2008
Source: Wall Street Journal

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