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Daily Real Estate News  |  April 30, 2010  |   Survey: Florida Real Estate Improving
Foreign and domestic investors are putting more of their money in Florida real estate, according to a quarterly survey of the market by the University of Florida’s Bergstrom Center for Real Estate Studies.

Life insurance companies also have returned to the state’s commercial property market, according to Timothy Becker, the center’s director.

Becker says that contrary to what some prognosticators are saying, Florida investors apparently don’t believe things are going to get worse before they get better. "One of our respondents summed it up by stating that, ‘If anything, we will get less bad,’" he says.

The report was less optimistic about the new-home market, which respondents said would continue to be slow because so many homes that are equally as nice as brand-new homes continue to be available on the foreclosure market.

Source: Orlando Sentinel, Mary Shanklin (04/29/2010)

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