During the 3rd quarter of 2009 the sales of existing single-family homes has rose 33%, according to the housing statistics from Florida Realtors. This rise in home sales marks the 5th consecutive quarter this year that Florida has seen a rise in home sales in a yearly comparison. Condominium sales are also on the rise, jumping 56% on a yearly quarterly comparison with 2008.

While many economists believe that the recession is in it’s final stages, many people are still uncertain about spending money with the unemployment rate steadily rising. According to Tim Becker, director of the University of Florida’s Bergstrom Center for Real Estate Studies, “Everybody thinks that Florida will rebound because we have so much going for us – the sun shines every day and there are a lot of advantages to living here, foreign investors see that too and believe their prospects are good for long-term investments.”