April Showers on Once-Hot Markets
Be nervous. But not terrified. The headline in today's Wall Street Journal -- Hot Homes Get Cold -- is scarier than the article. Essentially, it says sales in some Florida and other investor-powered markets are off --"as much as 47% in Naples," for example. Read farther and you'll find comfort in the relative strength of most second-home hotspots, which are simply cooling a bit. Call it April showers, not a raging flood.