Falling Home Prices

Here is a great article about the most under-valued markets….. and yes Florida is one of them. 

“In Florida, there are many condo developments with listings ripe for plucking, either in bunches or individually, according to Matt Martinez, who represents a private equity group that is investing hundreds of millions of dollars there. He reports that investors are able to make profits of 7% to 8% a year, after all expenses, by buying condos and then renting them at market rates.”

 http://money.cnn.com/2009/06/04/real_estate/home_affordability_soaring/index.htm?section=money_realestate