In the Fort Myers and Cape Coral areas of Southwest Florida, existing home sales plummeted 34 percent between January 2006 and January 2007, according to the Florida Association REALTORS®.
WCI Communities, a builder based in Bonita Springs, Fla., saw its net income plunged from $186.2 million in 2005 to $9 million in 2006. [tags]real estate bubble, housing bubble, real estate market[/tags]
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3 thoughts on “Florida Real Estate Market in Big Time Decline”
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Looks like Florida real estate is in the same trouble as San Diego and Las Vegas real estate.
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It does me no good to know that San Diego real estate is NOT alone in this real estate bubble. To see clearly be sure to visit San Diego laser eye surgery.
Just today I heard a radio stock market person say it’s a good time to buy San Diego real estate. It could be a good time to buy. But, I think it will be a much better time to buy in a year from now!
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