Sunday, March 19, 2006

Pensacola News Journal Reports On Post Ivan Housing

Flooded Market - Dried Up Dreams by Lesley Conn, Pensacola News Journal. 3/19/2006

"Welcome to the housing glut. Last week, the Pensacola Association of Realtors listed 5,642 properties for sale -- a five-year high and nearly four times more than the 1,487 homes listed in March 2005.As surplus has mushroomed, selling prices slowly are beginning to drop, witnessed by the many "Reduced" signs that are being added to the "For Sale" signs throughout the two-county area."

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