Housing Bubble's slow leak continues

There is an interesting story in today's Orlando Sentinel. It contributes further evidence to the slow leak that has developed in the housing market bubble in central Florida. Good news for buyers. Good news for the economy too if the housing market fall is managed rather than just plunges off the cliff.

I'm definately hoping that the leak speeds up just a bit. I think we'll see some of the unprecedented growth of the last few years rolled back to more reasonable levels. 10-15% growth instead of the 90% growth we've seen. That means a price reduction of 20-30% overall. Buyers in the market today should consider waiting a few more months while the correction continues.