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Bay County Florida Condo Bust - "It's gone from great to nothing."

That's the sentiment in Bay County, Florida, where some developers say the bubble has definitely burst.

 

Real estate experts in Panama City Beach say the condo bubble may have finally burst.

"We just got so much supply and we've got a high demand, just not as high as it has been," said Nathan Trent of Coldwell Realty.

And Panama City Beach isn't alone. Phoenix, Arizona, Richmond, Virginia and Las Vegas, Nevada are among the dozens of cities across the country all experiencing the same thing."

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