According to an article in the South Florida Business Journal the Florida Real Estate Market will begin to rebound. The report, released by Attorneys' Title Insurance Fund, showed that every market in Florida experienced a slow down. The unsustainable increase in prices along with the subprime mortgage meltdown contributed to the slowdown according to the report.

While I agree that both of these issues played a role in the real estate slowdown I don't necessarily think that it will rebound that quickly. The real estate market is cyclical and it is in a downward cycle now. On top of that many home sellers refuse to accept the fact that their homes are not worth the inflated values that they reached when the market peaked. Until they get the message and price their homes accordingly the buyers are going to stay away. The market will correct but it will not be as fast as some hope it will.

Once sellers begin pricing their homes in line with their real value and buyers see the market becoming stable the market will begin to stabilize and eventually go up. It would be a good idea to remember this recent bubble when the market looks like it may blow up again but once people get those dollar signs in their eyes they tend to forgo common sense and if that happens again we will go through this situation once more.