
In 2008, Cape Coral, Lee County, Florida was suffering from the highest foreclosure rate in the country. Today, the buyers are coming! And why not? The prices are right, houses that were selling for $350,000 last year, are selling for $140,000 in today's market! This is the time for first time home-buyers to finally be able to swoop in and get the dream home that they have been looking for. With the multiple government incentives such as, low interest rates, tax breaks and history low prices, buying a home now is just too good to pass up!
While sales are continuing to drop in some of the markets that did not get hit hard until recently, they are declining less rapidly in parts of the country that were hit early on, like Florida. The sales have dropped so drastically in Florida that home buyers around the world are jumping on the band wagon before the prices start to rise again. Getting in on the incredibly low prices while they still can!
Real Estate Investors are coming from all over the country to get in on some of the great deals here in Florida, which in turn will help lower the housing inventory. Once that inventory is low enough, prices will begin to rise. Get the deals while you can, the inventory in Florida is beginning to move again.