Today, the Florida multifamily marketplace is dominated by end-user buyers who intend to live in their units, either full-time or on a seasonal basis. There is also a small but significant number of investors who purchase and rent out their condominium units for a long-term stream of income. For multifamily developersâ€”both new construction and condo conversionsâ€”the loss of the speculator segment means that the marketplace has finally returned to normal. And this is a positive trend for both developers and buyers. In this more stabilized marketplace, demand for condominium units is based on fundamental demographic and economic trends, such as population growth and new job creation, rather than being driven by investors. Prices now will respond to the laws of supply and demand with gradual increases, rather than the volatile jumps that characterize a speculatorâ€™s market.