Quote:
Originally posted by speeder
There will be a bloodbath coming in all "hot markets" nationwide. Will people learn from it? Hell no, they'll jump into the next pyramid scheme when it comes along.
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There is a record amount of homes for sale in St. Lucie county. The surplus is overwhelming. Prices have dropped dramatically. A house that sold for 300K last year is now going for 250K-270K depending on how long you want to wait to sell.
Builders have stopped building with huge inventories just sitting a lot of it has "for sale or rent" signs on them. Which is bad bad bad news in this town. This towns entire economy is based on building houses. It is going to get real ugly here real soon.