The real estate boom across the United States over the past several years slowed considerably in 2006. The slowing market has meant that in certain areas there is an oversupply of new and resale properties on the market. In one of the hotter markets in recent years, South Florida, this is quite true. For international investors, retirees and those just looking for a property in the sun, this is actually great news. While some isolated areas and communities still continue to remain sellers’ markets, most of the area is now a buyer’s market. That means it’s a good time for real estate investors and buyers to get involved in Florida real estate. Some of the areas in South Florida where prices are at their best are the Miami/Fort Lauderdale area on the east coast. Also on this side of the state are the Palm Beach communities, north of Fort Lauderdale. On the Gulf of Mexico side are the cities of Fort Meyers and Port Charlotte.
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