South Florida Real Estate Bottom?

The article below talks about a couple that moved to Atlanta to retire.  They were going to rent but due to low prices decided to buy.  This is an interesting part of the article and although it mentions California it also holds true to Florida.  No one can predict it for sure but if you look at the bidding wars going on in South Florida it seems as though it could be right.

 

“On average, U.S. home prices are projected to fall through the end of 2010. But that may not hold true for the market where you want to buy your retirement home. Some places that were hit hard early in the bust, like parts of California, are likely to recover sooner, according to forecasters Moody’s Economy.com.”

http://money.cnn.com/2009/07/27/real_estate/retirement_home.moneymag/index.htm?section=money_realestate