Cooling market a good thing, experts say

This is a good article from The Sarasota Herald Tribune. Go here to read the article.

It talks about the recent slow down in the Sarasota real estate market and why it was necessary. I agree we needed to slow down at some point. A market cannot sustain price appreciation like that every year. Once we get through this bump in the road the market will become normal again.

This is from the article above:
"Sarasota's high per-capita income and strong in-migration will continue to sustain growth and the economy will continue to outperform the national average over the forecast horizon," Moody'sEconomy.com's Slesers wrote.

In addition to their sheer numbers, baby boomers will also buoy Southwest Florida real estate with the size of their bank accounts through inheritances.

Some $200 billion annually now is passed down from one generation to another, and by 2050, an estimated $25 trillion will be inherited, Boston College's Center for Wealth and Philanthropy reports.