Airport approval? Wha? Did I miss some big news? Do tell.
Personally I think the market is going to do continue to do some stabilizing/correcting over the next 18 months or so. I don't see a turnaround by the spring. I think it may take another year after that -- just a gut feeling given the fact that the investors are gone (Poof!) and those who still want to buy are realizing that appreciation may not be enough to justify shelling out the monthly carrying costs. Rental incomes don't come close to covering mortgage payments.
For those who hang on, I believe the airport has the potential to make this a world-class area, with real estate prices that approach it. Witness the developments being approved for areas along 98 -- that's something I couldn't even imagine two years ago, but I guess it's coming.
Of course we need services and more infrastructure, and there will be growing pains. And a lot of people may not like what happens to 30-A. But I definitely dream of the day I can take Southwest from Tampa to the new airport and spend a long weekend at the house we plan to (eventually) build on our lot in Seagrove. I'm hoping we can get there in 5 years or so. The airport is supposed to open in 2009, right?