I live in Palm Bay and have to agree with @Walt Payne Lots of opportunity for solid cash flow and the area is expanding and bringing new jobs but I don't think major appreciation is anywhere on the horizon.

The Orlando market is the same - I started looking around 3 years ago and saw prices in certain areas (Horizon West if anyone is curious) rise 20-35% in that short time.

That's a trendy neighborhood with more flips and large development on the horizon. 

And if you are trying to sell a place in the next two years I would be more concerned, but if you buy with a 10-15 year horizon then you can ride out any corrections in the market.

Additionally, right now no neighborhood groups are having meetings so all variances are on hold from what I'm seeing and there's no resolution on the horizon I'm aware of.

Good for you and your partner to have the opportunity to consider expanding your horizons.

There might still be a couple years left in this economy, but storm clouds are on the horizon at least.

I believe that we have a DEPRESSION on the horizon.

What is your investment horizon or timeline?

Definitely more confident in the new housing market then the resale.I am also curious to see how the "ghost lots" scenario plays out, Horizon City was name after the scam company that sold these non livable properties.