waterfront homes: Blog topic #1 Real Estate Bubble
- 08/23/06 05:30 AM
In the tiny town of, Hernando Beach, FL, our prices soared for the last 3 years as they did in most areas of the country. We are a waterfront community with access to the Gulf of Mexico. Our sales have slowed considerably. There were several newspaper articles driving business up to us from the Tampa/St Pete area as we were so much cheaper than down south. Lots of investors did a great deal of flipping of properties. There was a buying frenzy for building lots and there are too many of them available. I think the bubble has burst in relation … (3 comments)
In the tiny town of, Hernando Beach, FL, our prices soared for the last 3 years as they did in most areas of the country. We are a waterfront community with access to the Gulf of Mexico. Our sales have slowed considerably. There were several newspaper articles driving business up to us from the Tampa/St Pete area as we were so much cheaper than down south. Lots of investors did a great deal of flipping of properties. There was a buying frenzy for building lots and there are too many of them available. I think the bubble has burst in relation … (3 comments)
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