cheaprealty net

Florida has second highest rate of foreclosure in USA. More than 90,000 foreclosures in Florida since January?? Ouch!

Not enough demand, not enough qualified buyers.

So the vultures are circling - looking for condos at 60 cents on the dollar.

Or an 88% price drop, from over 3 million to half a million, for a luxury unit, in a case of "for example"...

Just some stories from a dead market, not a buyer's market.

And further construction coming on line in the next year will just push inventory thousands higher.

As someone said, since retirees like Florida so much, there are no similarities between Florida and Victoria.