The U.S. government announced in March that forclosed homes prices have been increasing 1.7 percent month by month. The announcement was made in Washington D.C. on March 25, 2009 by the Federal Housing Finance Agency (FHFA) when it reported its monthly House Price Index. This could signify the start of a recovery of the housing market and people who are still thinking of buying should act quickly as houses are going and going fast in some states.

According to the Commerce Department, house sales increased up to 4.7 percent from December to January. This was an increase of 15,000 units from the predicted 322,000 units in January. However, the month still remained the worst performing on record since 1963 even after the January sales results were revised.

Realtors in South Florida reported a 5 month increase in sale of up to 35 percent when compared to last year's sales. These figures, together with those released by The Commerce Department, prove the popularity of South Florida to investors. Dean Gasabi, a realtor from International Agents says that he has investors from around the world who are interested in buying property in South Florida. The inquiries were so many that he has had to ask his wife to help him, he continues.

The popularity of south Florida forclosed homes can be attributed to two things: the need to own a good home at an affordable price, and the need to enter the real estate market either to lease or sell houses. First time home buyers are among the many investors in south Florida homes. The Obama government has made a provision that makes it easier for first time home buyers, (anyone who has not owned a home during the last 3 years), to buy homes. These investors are entitled to an $8000 tax cut when they buy homes.