NEW YORK (CNNMoney.com) -- Real estate investor Matthew Martinez is the point man for a private equity group that plans to invest $200 million in Florida condo developments.
But recent forecasts show many housing markets in the Sunshine State are looking at double-digit drops in home prices. What is he thinking?
"The smart money is thinking about buying there right now," says Martinez. "It may be six to 12 months early, but it's a good time to be searching for deals."