i would like to know every ones opinion on was going to take place with the real estate market over the next few years , im think of buying a 200,000 townhouse in brownard county plantation south florida , 10 years ago that same 200,000 place was only 90,000 do you think that that same 200,000 place could ever go back down to 90,000 , im just a little nevous and not sure if i should buy now , i must admit though that when i brought my house on long island new york for 300,000 back in 2001 i thought i was over paying and that i was getting ripped off who would have thought i it would go to 600,000 which i am in contract for its sold im hoping , any advice would be great

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Homes are getting a bit tougher to sell here in Canada now, seems like people are getting a bit picky in their purchases so sales are slowing due to unrealistic demands from builders on price consessions. So I’m seeking to go and build in other areas. With the weather about to turn colder with the coming of winter, I am looking to the warmer climates of the South, particularly the booming retirement communities like Cape Coral or Port Charlotte as retirees alway love Florida and I think that these areas could be a great boom to my business. But I don’t know what the current housing conditions are like down there right now so I’m asking those who know:

What is the housing market like in the Cape Coral / Port Charlotte areas (or other areas of South Florida). I only have information from about 3 years ago (sales brochures) and from them I am just itching to rush down there and start developing! It looks like a Gold Rush of wealth in that area. Are things still supper-hot in these communities?

I heard from one fellow that things have begun to slow down a bit, that the sales market is still healthy and growing but that it takes a bit more effort and he expects sales to be back to record highs in just a few months. If sales have slowed, then how many weeks do you think it will be before they are back to full throttle? Will it be before Christmas?
I have to line up a lot of credit for land purchases. How are the lenders down there with providing credit to builders? Things are getting a bit tighter here in Canada and I don’t see why I’m being squeezed so much, so I want to go to U.S. lenders instead. I remember talking to a finance expert 3 year ago in Cape Coral and from what he told me, even a pet dog could get a million line of credit.

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