Friday, April 10, 2009

Florida Is Still For Sale

"We're working with a whole different profile of buyer right now. People are looking for bargains. They are looking for short sales, or bank owned properties, or foreclosures." -- Florida Real Estate Agent

(Flagler Beach) -- Florida, at the southeastern tip of the United States, is known as the "Sunshine State."

People often associate it with golfing, fishing, long, sandy beaches, easy retirement and beautiful sunsets.

But lately it's also been associated with terms like short sales, foreclosures and flipping.

Along with parts of California, Florida is where America's housing market collapsed most dramatically. The real estate bubble had burst.

But the market is struggling back. This vlog shows how Floridian real estate agents and business owners are still hard at work trying to make money and offering bargains. It also tries to explain some of what went wrong.

This radio report by Kent Klein has a quote by President Obama saying "the days when we are going to be able to grow the [U.S.] economy just on an overheated housing market or people maxing out on their credit cards, those days are over."