Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Trending News

Promoted
HoneyBearCub
Lv 7
HoneyBearCub asked in Business & FinanceRenting & Real Estate · 9 years ago

Is it true home prices have dropped about an average of 50% in Florida? If so, why? Thanks.?

1 Answer

Relevance
  • chatsplas
    Lv 7
    9 years ago
    Favorite Answer

    The real estate bubble burst

    Insane buying, rising prices, investors & speculators & flippers, loans for those with little ability to repay, outright fraud, fueled rising home prices

    Now the prices are closer to reality

    1 in 4 of US foreclosures are in FL

    Source(s): real estate investor
Still have questions? Get your answers by asking now.