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Double-Digit Doldrums In Florida
Posted on April 23, 2008
The News Journal reports from Florida. The local housing market shuddered again in March as sales of previously occupied, single-family houses plunged 27 percent from a year earlier and the median price took a double-digit tumble, too. Worse, the declines in both sales volume and prices were from year-earlier levels that were already sharply down from historic highs. Together, the two years of decline made for eye-popping paper losses for local homeowners. Nancy Dance, president of the Daytona Beach Area Association of Realtors, said buyers were still waiting, thinking that home prices...
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