The Ugly Scar That Is Slow To Fade In Florida
Posted by: in Golf News, tags: Big Spenders, Disposable Income, Dollar Transactions, Estate Sales, Excerpt, Florida News, News Sources, Pinellas Counties, Real Estate Market, Sales Declines, St Petersburg Times, Ugly ScarNews Sources wrote an interesting post today on
Here’s a quick excerpt
The St Petersburg Times reports from Florida. “What happens when big spenders with disposable income neither spend nor dispose? The area’s high-end real estate market is finding out. Sales of million-dollar-plus homes in Hillsborough and Pinellas counties plunged 42 percent from 2006 to 2008, from 554 to 321. This year, million-dollar transactions are even harder to find. Some luxury builders who specialize in the million-dollar-plus market report peak-to-valley sales declines of 80 percent. U
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