Housing market still troubled [Central Florida]
Property appraisers’ report reflects slowdown — coastal areas hit hard
Central Florida’s most troubled real estate: low-end condos. Where are values level? Established neighborhoods. What prices are rising? Lakefront property.
That is a synopsis of what lies behind the property-tax rolls appraisers reported to the state by Monday.
Overall the news for Central Florida underscored a trend that began in about 2005, when high insurance and unbridled property taxes curbed buyers’ appetite for coastal properties.