[lazygood4nothinbum]

as i posted elsewhere, a recent university of florida study indicates that most of florida has hit bottom. overbuilt high rise condos still have a way to go down.

The stabilization of the single-family housing market came earlier than anticipated and is not expected to affect all parts of the state equally, Archer said. The quieter markets likely will take longer to rebound than those in Central and South Florida, where growth has been explosive, he said.

i suspect we'll get about 20% less on our waterfront palm beach county home than we would have gotten at peak madness. but i don't see any rush to flood the market with new inventory (of that product) and i also don't see people continuing to drop asking prices. i also don't see a lot of homes moving but i'm basing that observation on how quickly things moved before so who knows.

as our property tax bill is going to be insane this year, we are considering renting the house while we sell just so we don't lose that much more.