Press Release from High Tower Realty in Central Florida

Check out this press release from High Tower Realty in central Florida. The press release is titled " What Bubble? Florida's Vacation Home Market Defies Predictions of Falling Prices:

The latest figures show selling prices of vacation homes in Central Florida have not fallen during the last twelve months. Buyers are coming back, and we are seeing the first signs of a return towards a normal market. The predictions of the 'Housing Bubble' advocates don't hold up to scrutiny.

Orlando, FL (PRWEB) May 11, 2006 -- For the first time this year there are unmistakable signs of a return towards normality in the Central Florida vacation home market. Hightower Realty (http://www.hightower-realty.com) has been looking since the beginning of the year for an improvement in the weak market that followed the frantic sellers market of the previous two years. Until recently there was little cause for optimism, but now everything is starting to change. Agents throughout the area are reporting more requests to show homes for sale. Offers are starting to come in for some of the more realistically priced homes. And over-priced homes are disappearing from the market or being reduced in price down to more sensible levels.

Despite earlier predictions, it is becoming clear that selling prices for vacation homes have held up remarkably well throughout the recent strong buyers market, disproving the alarmist predictions of the 'bubble burst' advocates. The latest statistics show that recent market problems have had nothing to do with values, and everything to do with the absence of buyers.

Many reports over the last year have talked about the housing bubble bursting in the Central Florida market and in particular in the market for vacation homes. In our view there never was a bubble to burst.

The best line is "The latest statistics show that recent market problems have had nothing to do with values, and everything to do with the absence of buyers." Why is that? Perhaps because the price is too high to attract a reasonable amount of buyers.