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The (Not So) Perfect Florida Storm; Homeowners Feeling the 'Housing Trap'

Bad weather report number one: the median price of a home here in Palm Beach County has dropped 6.8% from a year ago. Number two: the Florida Association of Realtors reported last week that home sales slumped 19%. Number three: a state constitutional amendment will be on the ballot January...

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WEST PALM BEACH, Fla. — Bad weather report number one: the median price of a home here in Palm Beach County has dropped 6.8% from a year ago. Number two: the Florida Association of Realtors reported last week that home sales slumped 19%. Number three: a state constitutional amendment will be on the ballot January 29 (when Florida holds its presidential primary) that would phase out a 3% per-year Save Our Homes tax cap that voters approved in 1992.

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