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Nesgroup address: alt.real-estate-agents - Date & Time for the message: Tue, 22 Feb 2005 08:05:52 -0500 /

Author of the message: "homan4"

Title of the message:
Re: What is going on with the market?

Text of the message:
Several factors ar at play here.
Due to last fall's storm damage, the price of building materials has
increased the cost of new construction by almost 20% in some areas.
Additionally impact fees have been added to new construction, further
driving up the cost.  Some areas have greatly restricted furhrt subdivisions
to curb growth in hopes of keeping impact fees down.  Sales of existing
homes has to use Daytona terminology "drafted" behind the leaders, keeping
the difference between new and exiting homes at less than 10%.  In short the
law of supply and demand has taken over.  Demand is hgh, supply is being
artificially reduced due to mateials shortages and additional regulation of
new construction.
Other factors that cause this arre the difference in home prices in Florida
from the north such as New York, New England, Chicago, Minesota, etc..
People get more home for the money in Florida, and property taxed are about



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