Monday, October 09, 2006

Florida Bubble News - October 2006

Latest and greatest news from around the state and around the country.

Real Estate Agents - Too Many, Too Late
'"You've got a lot of people who got into the business in the last two to three years who never really had to do the hardest work of an agent, people who were basically picking low-hanging fruit..."'

Palm Beach - 7-Year Ditch
'"There isn't much positive to highlight," said Mike Larson, an analyst with Weiss Research in Jupiter. "And all that occurred despite a recent downtick in interest rates and a general lack of serious hurricane activity, though we did have an Ernesto scare at the end of the month."'

FSBO Listings Becoming Realtor Listings
'That means there's nothing to push prices higher or perhaps even maintain their current levels. Many sellers, however, refuse to accept that. "They are still holding out for 2005 prices in the 2006 market," said Beverly Pindling, president of the Orlando Regional Realtor Association.'

Florida Home Prices Heading Further South
'Housing prices are getting more attention these days than the Iraq war, Florida Republican Rep. Mark Foley’s follies and, heaven forbid, even Bucs QB Chris Simms’ spleen.'

9 comments:

Anonymous said...

Another Good Link that shows the true housing market temperature in a downward spiral.

Last month Florida was ranked Nationwide as the third highest in foreclosures, this month they are #1! This is based on the amount of homes that are either in foreclosure or entering into pre-foreclosure.


http://www.bizjournals.com/southflorida/stories/2006/10/09/daily8.html

zippo said...

And do you notice how it has been kept "hush-hush" by the MSM here in FLA? What a surprise - not.

sandi said...

We're #1!
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Go Buccanneers!
Go Dolphins!
Go Hurricanes!
Go Seminoles!
We're #1!

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