Red-hot Keys housing market feeling a chill
Some Keys residents who figured a year ago they were real estate millionaires are now scrambling to unload properties damaged by Wilma’s flooding.
This time last year, real estate agents along this island chain couldn’t keep most properties in stock, as eager buyers snapped up trailer lots, pushed prices for ordinary wooden homes beyond $1 million and spawned bidding wars that had many locals believing they were paper millionaires.
What a difference 12 months make.