ST. JOHNS COUNTY, Fla. -- Real estate values have been cut dramatically, but contractors said they are starting to see the market recover.
"It is significant," explained John Valdes, owner of Valdes and Associates in St. Augustine. "I mean, there is a lot of activity in the real estate market ... we're seeing a significant upswing."
Valdes believes people are no longer waiting for the market to bottom out and want to spend their money before prices rise.
"The market is correcting and the market is starting to go back up," said Michael Bourre, a spokesperson for the Northeastern Florida Builders Association.