Real Estate Market Decline Felt Most in Florida

Business Week cites Florida as the toughest market for buyers and sellers. The downward decline in home prices is a national trend but the building frenzy in Florida makes the Sunshine State more vulnerable to over supply and price plunges than other states—although markets like San Diego, Phoenix, Las Vegas, Boston, and San Francisco are mentioned as trouble spots. Interestingly, the article also references the fact that Florida does draw a significant amount of Latin American, European, and North American investors due to climate and geography, which have, for the most part, always benefited the state and will likely serve as the catalyst for market stabilization.

Limited List of Active Projects

The Miami Sun Post delivers an interesting article regarding those projects which have not flat lined and are still being actively marketed and/or constructed. The list is limited but contains some of the more unique and less publicized projects along with contact information, building descriptions, and specifications.

Tancredo Was Supposed to Return

On Thursday (12-14-2006) Tancredo was supposed to return to his favorite third-world country. He was to attend a Miami Rotary Club meeting in Virginia Key, but cancelled–possibly out of fear for his life. Surely he was going to be driven around in a caravan of black SUVs with dark bullet proof tints packed with armed guards. Still, that seemed to have not been enough in making him feel safe. It would have been interesting to see if the misguided politician from Colorado would have apologized for his false comments about Miami being the “murder capital of the world” and tantamount to a “third-world country”. But, oh well. For some additional information about Tancredo’s views check out what Colorado Media Matters had to say.