house-prices-in-florida

16 лет назад

A Wall Street Journal reporter visits Siesta Key, Florida, to investigate a recent decline in luxury home prices. The reporter examines several properties, including a two-bedroom condo that sold for $11.75 million at the peak of the market but is now listed for $7.99 million. The reporter also explores the reasons behind the price drops, including speculation and the inability of some buyers to cover mortgage payments.