Property flipping rules the day in 2005
The Naples Daily News
reports that real estate was the top business story for 2005.
Call 2005 the year of the flipper. As Southwest Florida's hot housing market continued to soar, flipping real estate to make a fast buck became the talk of the town — at bars, at Little League games, at the office watercooler.
Those lucky enough to already own a home here began feeling a bit house rich as they watched Naples' median single-family home price hit $500,000 — the highest in the state and among the top 10 most expensive in the country, based on National Association of Realtors data.
What are the odds that real estate tops the list of SW Florida business issues for 2006?
Hot real estate market dominated talk in local business circles during '05
[Naples Daily News]