Affordable housing makes a comeback

Time was, not so long ago, that you couldn't get a house in Sarasota for under $100,000 -- or anywhere near that. At least, not a house in any kind of decent condition.

That has all changed, now that prices have tumbled to pre-2004 levels in many areas. Not just in Sarasota, either, according to this story released today by the Florida Association of Realtors.

We have seen a spate of new buyers in this price range, and there is certainly a lot available. Interestingly enough, the really desirable properties -- in reasonable condition AND priced realistically -- are not around very long! Many buyers have been surprised to find that the home they were "thinking about" was already off the market when they got around to making an offer.

Interesting times!