What does a bursting real estate bubble mean in Southwest Florida? As property values across the country are stagnating or declining, with statistics that would be the envy of most of the country, a bursting real estate bubble in Southwest Florida means that real estate values only went up 7% over last year. To the extent that real estate values are an indication of economic strength and attractiveness of the area, Ave Maria U's and the Law School's move from the rust belt looks increasingly wise.
Property value increase lowest in a decadePreliminary 2007 taxable property values rose by only about 7 percent from the 2006 total; officials say news not a surprise
June 1, 2007
The bubble has officially burst on the Collier County real estate market. Preliminary 2007 taxable property values increased by only about 7 percent from the 2006 total.
P.S. Meanwhile, real estate values in Ann Arbor dropped by 6.5% over last year.
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