The Online Ledger has this update on Florida. "Homes aren't selling like they used to back in the good ol' days of mid-2005. But make no mistake, Polk County's housing bubble isn't bursting, it's just losing a little air. And that can mean more competitive pricing to attract buyers."

"'Most of last year, new home construction was lagging the population increases so sellers of homes could ask and receive some very high prices,' said Ben Crosby, president of the East Polk County Realtors Association. 'That has changed and is evidenced by numerous price-reduced signs on houses.'"

"Crosby advises that Realtors should counsel their clients to review their asking prices and adjust where needed."

"'There is a little bit of a surplus,' said Beverly Page, a Realtor in Lakeland. 'I have seen some listings for investors coming down in price. Some purchased these homes last year to put on the market to sell. But the trend is that they are going down in price and are not going to make a profit like they anticipated.'"

"It has also impacted the amount of time a home remains on the market before a sale is final. 'It is a lot longer now,' Page said."

"'The flood of new homes coming on the market should offer an opportunity for new home buyers to take advantage of some discounts coming their way,' Crosby said. Realtors say that this is just a way of the market regulating and correcting itself."