Building permits in Cape Coral and unincorporated Lee County were up. Lee County had 80 new permits and Cape Coral had 34 permits (more than double last month). This is significant.

 This seems to be the beginning of the turn.  The sense I get of the market is how people talk about what is happening and what they are doing about it.  The buyers are excited  and are still coming to buy.  This is still an unbelievable good time to buy with interest rates so low and so many homes available at these discount prices because of the foreclosures.  We love these deals. If you can buy now. I don't believe it will be a better time for a lot of years to come.

 Remember when those who hesitated back in 2003.  Then were kicking themselves in 2005.  Those who didn't sell in 2005 are kicking themselves in 2008.  Isn't this fun?  Reality I believe will be a steady increase as inventory moves off and then a normal increase of 3-5%. That's my prediction.