Sunday, February 18, 2007

Mountains of homes still listed for sale

It's a quiet Sunday afternoon in West Kendall, the third quiet Sunday afternoon in a row that Olga Alvarez has opened her house to buyers.

The carpets are vacuumed, the kitchen scoured, the orange balloons and open-house signs placed on street corners. Three groups came through last week, two the week before. This time, Alvarez is hoping for The One.

At 1 p.m. sharp, she unlocks the door and settles in to wait.
• • •
The story of housing in South Florida in 2006 was one of waiting -- buyers waiting for the right price, sellers waiting for the right buyer, everyone waiting to see where an uncertain market would go. Now the question is: Will 2007 be the year the market turns around?

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