Monday, March 20, 2006

Housing Market in NW FLorida

RISMEDIA, Sept. 19, 2005 — (KRT) — Over the past year, home sales along Florida’s Emerald Coast have declined from their 2003-04 torrid pace, according to Metro Market Trends, a Pensacola-based real estate sales analyst. But don't tell Ben Anderson the bubble has burst. "That's not an appropriate term," said the president of the Emerald Coast Association of Realtors. "The market is rightsizing. "There's so much made about the bubble," he said. "People focus only on the bubble, like it bursts. It's really more like the air is slowly leaking. It will get back to normal size and the risk of bursting is lessened. "The market that we've had in '03, '04 and into '05 has been extraordinary," he said. "It could not sustain itself forever."
Read the article here..Housing Market Slows But Still Sizzles

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