Did speculators accelerate the housing downturn in Florida overall?
I believe they played a large role in making it worse than it would be otherwise. We are obviously seeing a downturn all around the country. It is just in areas where over-speculation occurred that the housing downturn appears to be much worse. Please feel free to share your opinions on this subject. I know many local Realtors read my posts and I’d love to know what you all think about this topic. Here are some links to related articles on this subject: The Florida Association of Realtors wrote an article that inspired this post. Broker Bryant also wrote on this topic concerning his area of Florida. And a wikipedia page on Mortgage Fraud. Don’t do this. It isn’t worth it. Take a look at Mobile Alabama, a city getting ready for a major upturn. Click on Pensacola Real Estate News for a list of articles indexed by category.
