Florida Real Estate Sales Plummet

The Housing Boom has deflated, as the dwindling number of For Sale By Owner signs in our semi-gated community here in Boca attests. Prices are being knocked down a bit, but there are few distress sales in this particular area of Boca.

The predictable avalanche of Boomers southward as they hit their sixties will sustain prices here over the long run, but in the short haul, the people who depend on real estate for supplementary income will have to work harder or scrimp and save.