Day: August 10, 2006

Pop goes the bubble

The mass migration to Floyd County is slowing, crippled by a bursting housing bubble in urban markets and a general slowing of the economy.

County Realtors tell me houses for sale in Floyd County stay on the market longer, sometimes as long as a year, and that prospective sellers, for the first time in recent memories, must reduce their asking prices to sell.

Lydeanna Martin, Floyd County’s director of economic development and tourism, reports that approval of new housing plats is running far behind the record paces of 2004 and 2005.

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