July 18, 2024

real estatebubbleIn the Fort Myers and Cape Coral areas of Southwest Florida, existing home sales plummeted 34 percent between January 2006 and January 2007, according to the Florida Association REALTORS®.
WCI Communities, a builder based in Bonita Springs, Fla., saw its net income plunged from $186.2 million in 2005 to $9 million in 2006. [tags]real estate bubble, housing bubble, real estate market[/tags]
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