12/13/06
Interesting article by Mike Shedlock regarding condo sales in Tampa and home sales in Key West, FL.

http://www.whiskeyandgunpowder.com/A.../20061213.html


Quote Originally Posted by Shedlock
What have we learned from this?
  • Units will sell at an unconditional vs. a conditional auction
  • Conditional sellers are still too stubborn about price
  • Anyone "needing" a particular price likely cannot get it
  • Condo prices have declined 40% in some locations, and we still are not at the bottom
  • Carry costs are mounting
  • There is still pent-up supply.
Final Thoughts


Panic has still not set in, but it will eventually. That event could be years off.