According to an article written by Jane Han of The Korean Times, Korean investors are looking at the US housing market and are "pinpointing" areas in which to purchase investment property. Florida is mentioned along with California and New York as being the most sought after areas in which to invest in.
This makes sense when considering the prices of homes being offered for sale in Florida and especially the Central Florida market area. According to the Orlando real estate association the median price of homes fail be over 30% in January 2010 compared to January 2009. Bank owned, pre-foreclosure and short sale opportunities are attracting buyers from all over the world and country as Florida real estate is as affordable as it has been in years.
Related blog posts on the Florida real estate market
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