Housing Glut Attracts Canadians
Many Canadians will be looking for more than beaches, palm trees and sunshine as they head south for the March break. Some will be looking at for-sale signs on houses, townhouses and condominiums. And in Florida, there will be lots to see. There have never been more residential properties on the market in the Sunshine State than there are now. Many of these homes are wearing price stickers reduced 50 percent from this time last year. There are sad stories to go with the bargain prices. Many of the homes were owned and occupied by families that paid nothing down and were given low-interest mortgages for the first few years. But when it came time to renew those mortgages at higher interest rates, millions of owners throughout the U.S. discovered they couldn't afford the higher payments and their mortgages went into default. [Source: Toronto Star]
More information on these real estate markets can be seen at
www.InvestSmarter.com
And properties of interest can be found at:
http://www.panama-city-beach-florida-mls.com/Featured-Listings-Panama-City-Beach-Florida/
http://www.panama-city-beach-florida-condominiums.com/hot-panama-city-beach-florida-condo-deals/
http://www.destin-florida-mls.com/
http://www.destin-florida-condominiums.info/hot-destin-florida-condominium-deals/
http://www.randbcoastalrealestate.com/Subdivision-Reports/
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