Florida Homes For Sale

From the Panhandle to the north to the Florida Keys to the south, Florida has been the move-to state for over 100 years. Retirees flock to this state for the sunshine and laid back living.

With a population of over 18,000,000 people, it is known as the "Sunshine State" due to its tropical climate. The home market has always been good throughout the state, especially along its Atlantic and Gulf coasts which host beautiful beaches and warm weather.

Florida's GDP in 2007 was over 734 billion dollars, which is the 4th largest economy in the nation, with a median income of $38,000.

The new home market is in a slump at this time due to the downturn in the national economy. New home builders have an unusually high inventory of unsold homes and this leads to a drop in prices across the board in the state.

This situation in my opinion, will last for a year or two and be very slow to recover to a more normal home sales market. On the brighter side, bargains can be found in this slow economy in the new and existing home market. Savings vary depending on the city or town and the location within the area.

More homeowners are opting to remodel their existing home rather than buying a new one. This creates an even more sluggish activity in home buying or selling.

In Conclusion: Florida is a beautiful state and offers an abundance of amenities that entice an influx of new people moving to the state everyday. Florida will rebound and the real estate market will be stronger than ever in the coming years.