Talk about a tale of two cities…Tampa, St. Petersburg, Manatee, Sarasota home of both an explosion in foreclosures and an explosion of real estate transactions….From Sarasota Tribune:
Fanned by baby boomers and snowbirds here for the final month of winter tourist season, March’s upswing kept pace with what is historically one of the busiest months of the year for real estate.
But with Easter falling in late March and many potential buyers now gone, industry watchers fear a summer lull could descend upon the market early.
A tight supply of available homes for sale may also keep a lid on growth, by pushing buyers toward new construction “” a sign some believe points to another housing bubble.
” We could see a slowdown because of Easter and the (tourist) season being a little shorter,” said Robert Goldman, a real estate agent with Michael Saunders & Co. in Venice who also is an attorney. ” The inventory is so diminished, and the general economy so tepid, I’m concerned the recent growth is not sustainable.”
SARASOTA TRIBUNE
