Florida was one of the first states affected by the recession and many believe that it will be one of the last ones out! Some investors are reluctant to participate in Florida's troubled real estate market due to the high unemployment rate and rising foreclosures. However, on the other hand, this is Florida! The place where many come to retire, enjoy the weather and play along the sunny beaches of the Gulf of Mexico and the Atlantic Ocean. Foreign investors see this and believe that Florida real estate is a great long term investment.

In addition to the many advantages of relocating to Florida, the home prices are the lowest that they have been in 20 years and with congress extending and expanding the first time homebuyers tax credit last month to include all qualified homebuyers, what better time to purchase the waterfront home of your dreams?