We were going to buy in FL a few years ago, now I wish we had.
It's not as easy as people think to get a R.E.license, the competition is fierce, but I bet there will be so many homes flooding the market now in their quest to make a killing in this current RE BOOM that there will be plenty of homes for each RE agent.
R.E. agents will be flooding the market just the way the homes will be.
For you naysayers out there, there will eventually be the big slowdown coming to all the hot markets as they will price themselves right out of the market soon.
In the suburbs of Chicago for example, Naperville was once a thriving beautiful city, they began by selling homes for $350K and now they cant give away the homes at $250K
in Lyons, once a nice little community, people are still trying to get $350K for a bungalow and are finding there aren't takers as fast as they thought they would sell.
Florida is another story, there were affordable homes there about a year ago and of course they will try to sell their homes now for $350K and higher, it will take a few hurricanes before people will say I will not buy at any price. Thats what stopped us from buying a few years ago, HURRICANES folks!
Although I agree that there will be a slowdown in real estate prices, where do you get your info about Naperville. As far as I can see, and I live in Aurora one suburb over, $250,000 in Naperville won't buy much.