re: In South Florida... true!
Property taxes, taxes in general with everything going up AND higher insurance.... no big hurricanes, but most are hanging on.
Many home sellers here are opting for a "short sale", that's when a seller negotiates with the his/her reps and the bank to take a lesser value than the seller owes. The current owner gets out of a property, with no foreclosure on their credits if called for. So for those indesperate need to sell and fear of foreclosure, that's the way to go. Safe to talk to a real estate agent or a bank for more info. But, that's the buzz here. Of course there are plenty of sellers that are putting their homes and condos for rent.
It seems that just about every other home is for sale.