To Infinity and Beyond

"To infinity and beyond" must be what some people are thinking about housing prices when they sign a contract to purchase a home they'll never occupy. In fact, in trying to explain Tampa's current market I've told out-of-towners that the philosphy seems to be "Thank God this house didn't sell in the first couple months, now we can raise the price!" That trend seems to be coming to an end, with more realistic price appreciation ahead. Read the Times' Very For Sale for one view. I am noticing some softening, a 1600sf home on the 7500 block of S. O'Brien was recently reduced by $20,000, and the "Price Reduced" signs are sprouting in much higher priced areas too. I noticed 3 on Azeele within 6 blocks of Westshore yesterday.