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In a stunning turn of events, the economic downturn has led to an exodus from America's Sunbelt states - Florida was hit by a perfect storm of hurricanes and hikes on property tax and insurance, along with shrinking tourism, construction and retirement portfolios. The woes being experienced by the Las Vegas gaming industry have contributed to Nevada's first population decline in nearly a century. Meanwhile in California, a booming birthrate was offset by a growing number of people leaving the state in search of jobs and a lower cost of living......
Abandoned condo developments in once-booming Miami epitomize the quagmire gripping the Florida real estate market - housing values are projected to fall drastically across the state - on the surface offering attractive opportunities to value minded investors - but when will the carnage end? Even tourist mecca Orlando is swamped with vacant properties as the numbers of new buyers attracted to the market by federal incentives can't stem the tide of foreclosures, while the rise in residential sales still fuels hopes of sunnier times ahead......
While the White House welcomes a new president, we look at an American treasure that always gets the public's vote. Siesta Beach is an award winning strip of sand that is finer than sugar and made of quartz....
One of the most famous beaches on the planet, South Beach is cool, vibrant and full of Miami spice....
Florida is famous for its Disney rides and sun-kissed oranges, but has the fun and zest gone out of its property market, or is the sunshine state still a desirable place for bargain hunters?...