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Cold Market For Florida Real Estate Gone Colder |
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Has the cold real estate market in Florida just gone colder? Well as
interest rates continue to rise there is really a possibility.
The weather for Florida's real estate seems to be gloomy, at least
that's one source said in a study made by University of Florida,
meaning it will may take a while for Florida locals to sell their homes
in it's cold market. sources says that selling houses in part5s of
Orlando may take longer, there has been warm air in one neighborhood in
Daytona Beach that contrast the cooling case, Halifax River in Daytona
Beach is new hot spot as reports says that investors in the area could
become millionaires if given the chance in it's market.
Rumors of realtor's willing to purchase $400,000 homes for more than
$1 million, an offer that can really make you think twice. The plan is
to replace the homes there with multi-million dollar waterfront condos
that could make the place look fabulous, still not everybody is ready
to fall for the bait, as homes that are vintage circa 1920's aren't in
the market for selling just yet.
Although some of the homeowners
from riverfront have sold their homes, saying that the million dollar
chance is really hard to pass up, there are still some people who wants
to hold their property tight.
By: Qyntrell LeSane
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