Real estate projection called doom d’jour
Local agents disagree with gloomy report
The Punta Gorda/Port Charlotte/North Port area will see the greatest decline in home prices in the nation before its real estate market turns around in the spring of 2009.
At least, that prediction was cited in a Wall Street Journal article published Thursday. The article listed the Punta Gorda metropolitan statistical area, which includes Charlotte County, at the top of a list of 10 “Danger Zones.”
Those were the cities projected to experience the greatest decline in home prices before they hit bottom in 2009.