I’ve been catching a lot of grief for my pessimistic post regarding the housing market. The case has been convincingly made that the Florida market is recovering quite nicely, thank you. It seems South American buyers have been snapping up discounted properties at a rapid rate. I’m looking into this phenomenon, and will report on it when I am better informed. If this is correct, then I can say that I’ve never been happier to be wrong. Mea culpa! I’ve been predicting that the housing market would take at least 10 years to recover, given the horrendous inventory of empty units. Hooray for the South Americans!
