(Excerp from the International Herald Tribune)
"Statewide, condo sales fell 32 percent in March and single-family existing homes were off 28 percent compared with the same period a year ago, according to the Florida Association of Realtors.
Yet some smaller cities are faring better than large ones. Jacksonville and Gainesville in the north, for example, which did not experience rampant overdevelopment, have not felt the impact of the downturn as much as has southern Florida, where high-rise condo construction was largely fueled by speculators. "
Click here for complete article: http://www.iht.com/articles/2007/05/07/business/florida.php
Monday, May 07, 2007
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