How local housing market went from boom to bust [Central Florida]
Those who quickly rise to the top also fall the hardest.
Real-estate analysts say that explains, in a nutshell, why the Sarasota-Bradenton market has been among Florida’s hardest-hit in the post-boom housing slump.
“The ones that rose the fastest and the highest all are falling down the hardest, and Sarasota is definitely at the top of the list,” said Jack McCabe of McCabe Research & Consulting, based in Deerfield Beach.
A Bradenton Herald analysis of home sales-price data supports his assertion.