There's a couple of recent pieces from the Miami Herald and Sun Sentinel newspapers about low(er) prices in southeast Florida increasing interest amongst local residents.
The Miami Herald, in particular, has a feature on why some people are finding that buying a property is less expensive than renting. Generally, this isn't going to be directly relevant to those foreign buyers looking to purchase in the state. There are still, however, some useful points, including the main argument of for versus against - namely that there are bargains to be had right now (for) but prices will still go down for a while yet(against).
The Sun Sentinel has a blog post on how decreasing prices are increasing sales in Broward and Palm Beach counties, and that this trend is also true for Orlando.
Articles:
- Home prices are so low it may cost less to buy than to rent (Miami Herald, 15th February 2009)
- Low prices are dragging home buyers off the fence (Sun Sentinel, 12th February 2009)
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