Why it's a great time to buy Florida!

Inventory: Conditions are ideal for you to find your dream home. Inventory is plentiful.  Economists predict that number will go down in 2008 – which, of course, is great reason to buy now.

Favorable interest rates/reduced prices: Do the math. Lower rates multiply your financial power, especially now when rates are near a 40-year low. Even one/half of one percentage point difference means you could save more than $1,000 per year on a median-priced home. You get more home for the money, which is a perfect scenario for families looking to upsize. Do the numbers.

Ownership trumps renting: While renting may make sense for someone who expects to move in the next year or two, ownership continues to be a wise, long-term investment. Consider these financial benefits: Deductions on your annual income tax return, locked-in payment with a fixed rate mortgage, home price appreciation if you plan to live there for a few years, and a monthly mortgage payment comparable to rent payments.

Attractive, secure financing options:  Having good credit and secured down-payment capital are the most sure-fire ways to get the best mortgage deal. Fixed rates are more affordable, and many federally funded programs are available for first-time homeowners, teachers and police officers. Affordable housing loan programs are back in the picture too. Be informed.

Help for first-time homebuyers 

Financial value to foreign buyers: International buyers benefit from the weaker U.S. dollar, multiplying their purchasing power. Buyers also appreciate the relatively low costs of Florida property compared with similar homes in their countries. NAR's 2007 Profile of International Home Buying Activity

Location/lifestyle. With the extensive inventories, you can live closer to work, schools and rapid transit lines. First-time homebuyers also have many affordable options in the townhouse and condo markets. And let’s not forget Florida’s climate, world-class beaches, vibrant economy and diverse population.