Wednesday, March 12, 2008

Pearl of Wisdom

From the Orlando Sentinel: Existing-home sales in Orlando area may have bottomed out.

Steven Moriera, president of the Orlando Realtors group, said he thinks the year-over-year declines are beginning to moderate -- the 40.2 percent drop in February was the smallest in six months -- though he wouldn't speculate on when a recovery might begin.

"We believe that there is light at the end of the tunnel, but we don't know how long the tunnel might be."

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