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Old 11-29-2006, 08:40 AM
 
Location: Florida but not for long :) :)
1,130 posts, read 1,166,088 times
Reputation: 50

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Old 11-29-2006, 08:56 AM
 
Location: downtown Sarasota
4,727 posts, read 12,441,733 times
Reputation: 2040
It may have something to do with Citizen's proposed 767% increase for next March....
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Old 11-29-2006, 08:59 AM
 
Location: Florida but not for long :) :)
1,130 posts, read 1,166,088 times
Reputation: 50
It really is terrible. It's time that the people stand up and say something throughout this fine country. It's not just here, it's everywhere.
Sometimes I wish I was a little kid again and not having to worry about all this stuff. I would just sit and play with my toys and haven't a care in the world. Remember those days?
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Old 11-29-2006, 09:11 AM
 
94 posts, read 387,192 times
Reputation: 44
The Herald Tribune reports from Florida. “Prices remain the story in home sales, with Sarasota-Bradenton prices falling 18 percent in October, the second biggest drop in the state. The Charlotte County-North Port market was not far behind, with a drop of 17 percent, from $243,900 to $202,800.”

“Only Fort Myers-Cape Coral took a bigger fall, posting a 44 percent decline in median sales price, from $445,100 to $249,200, the Florida Association of Realtors reported on Tuesday.”
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Old 11-29-2006, 09:31 AM
 
1,418 posts, read 9,375,828 times
Reputation: 914
Ummm, did anyone read the article? Terrible???

The article states that in Charlotte County (Venice, Punta Gorda), the average home prices declined 10% since Sept 2005. It also states that prices have declined slowly, and that it appears that the market has hit bottom and is poised for a rebound.

Where's the bad news???
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Old 11-29-2006, 09:39 AM
 
Location: on an island
13,382 posts, read 40,953,225 times
Reputation: 13245
The market correction was and is necessary.
But I don't think prices have yet hit bottom.
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Old 11-29-2006, 10:03 AM
 
208 posts, read 912,287 times
Reputation: 72
Prices could fall a little more, depending on area and individual property. From what I've heard, there is more than usual activity on the real estate front for this time of year. That signals to me that some buyers are ready to come out of hiding now.
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Old 11-29-2006, 01:08 PM
 
Location: Miami. Florida
942 posts, read 2,370,473 times
Reputation: 892
Default can't wait til it happems...

Quote:
Originally Posted by Nomoresubways View Post
Prices could fall a little more, depending on area and individual property. From what I've heard, there is more than usual activity on the real estate front for this time of year. That signals to me that some buyers are ready to come out of hiding now.
My home has been for sale for several months. I have reduced the price by llk and am helping with 5k towards closing and still can't sell it. I am definately underpriced for my subdivision...homes just aren't selling.
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Old 11-29-2006, 01:24 PM
 
148 posts, read 544,932 times
Reputation: 67
We put our home on the market thinking it would take a while to sell. We had two full price cash offers within 48 hours of it being on the market. We took neither and withdrew the property as we had no-where to go! Perhaps we were lucky. I think where we live you just have to price it right if you are serious sellers. There are buyers out there, serious ones but not stupid ones. Look at it this way what you may lose on your home here in Florida you will probably get back purchasing elsewhere. It seems to me the whole of the US is in the same situation.
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